Six years after its founding, banking infrastructure company Increase is now a bank. Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. Increase Bank, announced in a news release Wednesday (July 29), is designed to combine a “modern bank core” with regulated banking services to help companies build financial products with more speed, precision, and control. “With the addition of Increase Bank, an FDIC-member institution, FinTech companies now have access to a bank engineered for their needs.” Increase said its services now include Increase Bank and a “modern banking core” connected to the Federal Reserve, The Clearing House and Visa.