SoFi has reapplied for a nationwide banking license as it continues expanding its product suite
to facilitate fintechs setting up industrial banks — a route that has already been leveraged by Square.
These factors suggest a more welcoming regulatory environment for fintechs, removing obstacles in SoFi's path to becoming a licensed bank.Join other Insider Intelligence clients who receive this Briefing, along with other Fintech forecasts, briefings, charts, and research reports to their inboxes each day. >>
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