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Their extensive experience in working with several of the world’s central banks and supporting the distribution of their physical banknotes, their ability to stand up a de novobanking environment in a few months along with the solid reputation of SAP business software is a combination that is seldom found, but exactly what we needed,” commented Vivek (..)
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.
Since we began publishing our digital challenger bank list , Novo has been the most popular choice (though recently, Mercury has surpassed it). Today, I thought I’d drop by Novo ’s website and see what’s fueling its success ( see also, our previous post , Sep 2021 ).
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