This implies someone can take deposits and issue loans in a "better" way, when the main feature of this type of business to customers is showing up with extremely low risk of losing deposits, not innovation.
Credit cards are not taking deposits and issuing loans in a traditional sense, they are fee generation machines that are externalized which would not generally be "traditional banking".
Credit cards are not taking deposits and issuing loans in a traditional sense, they are fee generation machines that are externalized which would not generally be "traditional banking".