Fintech

The heads of the two companies explain how the deal came about, what hurdles they face and how they plan to mash up their very different operations.

Akoya has been building a data-sharing network that gives fintechs access to bank account data through application programming interfaces as an alternative to screen scraping. JPMorgan Chase, Bank of America and Capital One are among its new owners.

The challenge for other fintechs will be to find banks that are as compatible as Radius Bank, an online-only lender, is for LendingClub.

The game has changed and bank executives will have to do more homework before striking a deal.

The online lender's deal for Boston-based Radius would be the first in history in which a fintech buys a mainstream bank.