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US · N/A — SoFi subsidiary

The OCC conditionally approved SoFi's national bank charter, subjecting the fintech-turned-bank to full federal supervision. The approval included restrictions on crypto activities to ensure safe depo...

SoFi announced a $22.3 million acquisition of Golden Pacific Bancorp, a small community bank in Sacramento, to obtain a national bank charter. The deal enables SoFi to reduce its reliance on sponsor b...

SoFi launched SoFi Big Business Banking, an enterprise commercial banking program integrating fiat accounts, crypto rails, and its tokenized deposit SoFiUSD for 24/7 real-time money movement. The prod...

SoFi announced a merger with Social Capital Hedosophia Holdings Corp. V, a special purpose acquisition company, to go public. The deal aimed to fund SoFi's expansion into digital banking and broader f...

SoFi obtained preliminary approval for a national bank charter, bringing the fintech closer to operating as a fully licensed bank. This approval allows SoFi to reduce its reliance on intermediary bank...

SoFi Technologies announced it will adopt Galileo's Cyberbank Core platform for its new commercial payment services sponsor banking program. The implementation leverages Galileo's modern core banking ...

SoFi's leadership announced they had abandoned pursuit of a federal banking charter, opting for alternative growth strategies instead. The decision reflected the difficult regulatory environment for f...

The Office of the Comptroller of the Currency granted SoFi preliminary conditional approval for a national bank charter on October 28, 2020. SoFi had applied in July 2020 and still required additional...

Galileo Financial Technologies enabled SoFi Bank to offer bidirectional instant payments via the FedNow Service. SoFi members can now send and receive money in seconds, 24/7, positioning SoFi among th...

The New York Department of Financial Services approved virtual currency and money transmitter licenses for a SoFi subsidiary. The approval enables SoFi users to trade Bitcoin, Ethereum, and Litecoin o...

SoFi announced the acquisition of Technisys, a cloud-native core banking platform, for approximately $1.1 billion. The deal supports SoFi's banking ambitions following its acquisition of Golden Pacifi...

The Bancorp Bank became the exclusive card issuer and back-end banking services provider for SoFi Money, a cash management product. The partnership leverages The Bancorp's payments sponsorship platfor...