“The reality is that the market is currently dominated by the legacy offline banks who have entrenched relationships in the startup ecosystem. Collectively, the fintech players still represent a low single-digit percentage of the annual deposit and funding volume in the market.”

https://techcrunch.com/2022/08/16/fintech-yc-backed-arc-a-digital-bank-for-high-growth-saas-startups-lands-20m-series-a/