Accounts and Novo Banks - Payments Space

Novo Banks on Faster Deposits & Apps to Gain Small Business Market Share

Fintech Labs Insights

AUGUST 30, 2022

A feature that allows customers to easily set up dedicated savings accounts for various purposes. At the time of publication, both Novo and Mercury compensate us for new accounts. Reserves : I don’t love this name, since it makes me think of a credit line. In fact, it’s the opposite.

Small Business

Small Business Novo Banks ACH Addressing

SoFi Officially Files For A Bank Charter Of Its Own

PYMNTS

JUNE 13, 2017

Just about a month ago, SoFi CEO Michael Cagney was telling media that the firm was about a month away from applying for a bank charter. Which means it really doesn’t come as all that huge a surprise that as of June 6th, SoFi had applied for a new (de novo) bank charter according to the FDIC. SoFi has confirmed the news.

De Novo Banks

De Novo Banks FDIC Novo Banks Underwriting

Payments Space

Novo Banks on Faster Deposits & Apps to Gain Small Business Market Share

SoFi Officially Files For A Bank Charter Of Its Own

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