Bank, Credit card, Finance, Money, Financial services, Predatory lending

SoFi wins preliminary approval for US national bank charter; launches credit card

On Oct 29, 2020
@Finextra shared
SoFi wins preliminary approval for US national bank charter; launches credi... https://t.co/OQXgDPEPuD #fintech
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Online lender Social Finance has received prelimary approval from the US Office of the Comptroller of the Currency over its application for a national bank charter and launched its first credit card.

www.finextra.com
On Oct 29, 2020
@Finextra shared
SoFi wins preliminary approval for US national bank charter; launches credi... https://t.co/OQXgDPEPuD #fintech
Open

SoFi wins preliminary approval for US national bank charter; launches credit card

SoFi wins preliminary approval for US national bank charter; launches credit card

Online lender Social Finance has received prelimary approval from the US Office of the Comptroller of the Currency over its application for a national bank charter and launched its first ...

SoFi applies for national bank charter

SoFi applies for national bank charter

Social Finance Inc., a fintech that operates under the SoFi name, has applied with federal regulators for a de novo national bank charter, which would allow the challenger bank to accept ...

SoFi Invest comes to Hong Kong

SoFi Invest comes to Hong Kong

American digital lender SoFi is expanding into Asia after buying the parent firm of Hong Kong-based online brokerage 8 Securities. Financial terms were not disclosed.

Personal finance startup SoFi to acquire payments platform Galileo for $1.2B

Personal finance startup SoFi to acquire payments platform Galileo for $1.2B

Because many of Galileo's clients are SoFi competitors, the deal could raise conflict-of-interest questions, one expert says.

Fintech disruptor SoFi wants to become a national bank — again

Fintech disruptor SoFi wants to become a national bank — again

SoFi has filed an application for a national bank charter, which would allow the fintech company to offer more competitive interest rates on checking, savings and loan personal finance ...

SMB lender OnDeck ‘actively pursuing’ bank charter

SMB lender OnDeck ‘actively pursuing’ bank charter

On the heels of digital banking startup Varo Money applying for a banking license with the Federal Deposit Insurance Corporation (FDIC) earlier this month,

SoFi seeks payments action with $1.2bn Galileo acquisition

SoFi seeks payments action with $1.2bn Galileo acquisition

US-based personal finance firm SoFi will acquire Galileo Financial Technologies for $1.2 billion in a big push for API and payments action. According to SoFi, Galileo’s digital payments ...

Sofi to Acquire Galileo Financial Technologies

Sofi to Acquire Galileo Financial Technologies

SoFi, the online personal finance company, today announced it has signed a definitive agreement to acquire Galileo Financial Technologies (“Galileo”), the

Salary Finance Notches $20M In Series B; Tyro Teams Up With Alipay In Australia

Salary Finance Notches $20M In Series B; Tyro Teams Up With Alipay In Australia

Welcome to The Axis, your late look at payments news from around the world. Coverage includes U.K.-based Glint teaming up with partners for a U.S. rollout. In addition, U.K.-based Salary ...

A New Mobile Only Bank Seeks a National Bank Charter

A New Mobile Only Bank Seeks a National Bank Charter

Varo Bank plans to offer a mobile only financial institution and complete with other branchless financial institutions. Despite the mobile tech approach,

The Evolution of Banking

The Evolution of Banking

The evolution of banking shows a gradual shift from the analog to the digital, over the past few decades, with computers replacing teller machines and virtual data replacing the money in ...

SoFi Inks Agreement to Acquire Galileo Financial Technologies

SoFi Inks Agreement to Acquire Galileo Financial Technologies

In a cash and stock deal valued at $1.2 billion, online lender and personal finance innovator SoFi has agreed to acquire financial services API and payments platform, Galileo Financial ...

OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation

OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation

The acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency.

Building a safety net for when the consumer debt balloon pops

Building a safety net for when the consumer debt balloon pops

LendStreet is looking to break the circle of debt that often arises when struggling borrowers try to consolidate what they owe.

4 Ways Your Bank & Silicon Valley Are Fighting For Your Digital Wallet

4 Ways Your Bank & Silicon Valley Are Fighting For Your Digital Wallet

Your bank and Silicon Valley are in the fight of their lives for your wallet, and the future of digital banking. This guide will tell you who you can trust. #Acorns #Apple #Betterment