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SoFi Officially Files For A Bank Charter Of Its Own

PYMNTS

Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. And though its mailing address will be in Salt Lake city, SoFi will continue to operate as it has since its inception — as an online-only institution, with no branches or deposit-taking ATMs. SoFi has confirmed the news.

FDIC 100
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Meal Kit Startup Gobble Hires From Starbucks, Blue Apron

PYMNTS

“Both Steve and Brian are instrumental to our national expansion efforts, ensuring Gobble’s cost leadership and operational efficiency are best in class.”. Gobble currently serves seven western states: California, Nevada, Washington, Oregon, Arizona, Idaho and Utah. McEvoy agreed.

Idaho 118
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BNPL Fraud — When "Buy Now, Pay Later" Backfires

FICO

The company says that over half of Afterpay’s customers in the United States are millennials, aged 25 to 40 years old. Afterpay’s growth numbers are consistent with those contained in the Journal article , which says that roughly one in five millennials used a buy now, pay later service in 2020, about double the rate of Gen X.

Fraud 52
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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Even as the regulation pendulum swings back toward more limited oversight, how investment banks operate is fundamentally changing. Table of contents. The disruption of the IPO. get the full REPORT.

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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. see https://www.bloomberg.com/news/articles/2016-06-01/this-is-how-a-banker-in-brooklyn-makes-money-on-millennials ). The big bang project is over.”

Utah 60
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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. Project Teddy Bear collects stuffed animals and gives them to at-risk children in Utah. The big bang project is over.” Small things can make big differences.

Utah 60