Addressing, Novo Banks and Product

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

Fintech Labs Insights

AUGUST 30, 2022

Today, I thought I’d drop by Novo ’s website and see what’s fueling its success ( see also, our previous post , Sep 2021 ). The first thing you notice is the clear focus on small business banking. Unlike large commercial banks, where it takes a bit of poking around to find small business products, Novo is all business.

Small Business

Small Business Novo Banks ACH Addressing

SoFi Officially Files For A Bank Charter Of Its Own

PYMNTS

JUNE 13, 2017

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. Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. The bank will offer no other products and services.”.

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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