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Tag: national bank


Regulations

SoFi realises ambition to become national bank with US regulatory approval

January 24, 2022

Via: FinTech Futures

As part of the personal finance firm’s goal of gaining a US banking charter, SoFi announced the acquisition of California’s Golden Pacific Bancorp, and its subsidiary Golden Pacific Bank (GPB), for $22.3 million in March. The firm had filed an […]


Regulations

Blockchain-based lender Figure seeks US bank charter

November 24, 2020

Via: Banking Technology

Founded by former Sofi executives, Figure uses its Provenance blockchain for loan origination, servicing, financing, and private funds. The firm is looking for a charter to reduce the complexity of its operations. Mike Cagney, CEO of Figure, says that without […]