Bank, Finance, Federal Reserve System, Deposit insurance, Central bank, Bank run

Fintech startup SoFi gets preliminary approval for U.S. bank charter

On Oct 29, 2020
@Chris_Skinner shared
American FinTech SoFi gets a national bank charter https://t.co/gSYdAaO2KV
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Financial technology company Social Finance Inc has received preliminary, conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) over its application for a national bank charter, the company said on Wednesday.

www.reuters.com
On Oct 29, 2020
@Chris_Skinner shared
American FinTech SoFi gets a national bank charter https://t.co/gSYdAaO2KV
Open

Fintech startup SoFi gets preliminary approval for U.S. bank charter

Fintech startup SoFi gets preliminary approval for U.S. bank charter

Financial technology company Social Finance Inc has received preliminary, conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) over its application for a ...

Student lender SoFi applies for a bank charter

Student lender SoFi applies for a bank charter

Student lender Social Finance Inc has applied for a national bank charter with the U.S. Office of the Comptroller of the Currency, the company said on Thursday.

Fintech has finally cracked the US banking sector

Fintech has finally cracked the US banking sector

Fintech is overhyped, but it's also keeping centuries-old banks on their toes.

Fintech: Strategic advantages and initial costs for entry into banking

Fintech: Strategic advantages and initial costs for entry into banking

Is fintech banking about to become a viable industry? Learn more about attaining sustainable profitability and generating scale.

Varo’s bank charter process a test for consumer banking startups

Varo’s bank charter process a test for consumer banking startups

This week, digital banking startup Varo received approval from the Federal Deposit Insurance Corporation, a significant milestone in the company's three-year

An Inside Look At Wyoming State Regulators Prepping For First Crypto Bank Examinations

An Inside Look At Wyoming State Regulators Prepping For First Crypto Bank Examinations

Wyoming’s new SPDI charter for Kraken Financial creates a very unique circumstance that I believe has created ‘Unicorn Regulators’ for Fintech, who are at a historic moment in preparing for ...

It's harder for fintechs to become banks. And that's good.

It's harder for fintechs to become banks. And that's good.

Fintech companies only think they want to be banks. Banking may seem like a natural evolution, but that doesn’t mean fintech firms should become banks, says nbkc bank's Zach Anderson ...

Fintechs Seek Answers on Charters, Open Banking, Crypto in 2020

Fintechs Seek Answers on Charters, Open Banking, Crypto in 2020

Financial technology companies notched a few policy wins in 2019, including regulatory approval to use alternative data in loan underwriting and much-needed clarity on loan interest rates ...

Is the OCC's fintech charter really 'perfect' for mortgage lenders?

Is the OCC's fintech charter really 'perfect' for mortgage lenders?

As suspense builds over which firm will be the first to seek the special-purpose charter, a side discussion has emerged over which financial services sector has the most to gain — or lose — ...

Core banking challenger Neocova launches in central USA

Core banking challenger Neocova launches in central USA

New firm on the block wants to change how community banks are served.

Banks seek Congress’ help to block fintech path to ‘industrial’ charters

Banks seek Congress’ help to block fintech path to ‘industrial’ charters

The Independent Community Bankers of America says industrial charters are a loophole in the banking law that Congress should close.