Credit Cards and Novo Banks

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

Fintech Labs Insights

AUGUST 30, 2022

The other two listed items are not as important in terms of differentiating Novo from its peers: Invoices : This is the most straightforward of the feature set. The ability to send invoices with integrated credit card and electronic payment options. Reserves : I don’t love this name, since it makes me think of a credit line.

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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