Tag: SoFi
Why fintechs are buying up legacy financial services companies
Oh, how the tables have turned. It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. It used to be that if you were…
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Risk startup LogicGate confirms data breach
Risk and compliance startup LogicGate has confirmed a data breach. But unless you’re a customer, you probably didn’t hear about it. An email sent by LogicGate to customers earlier this month said on February 23 an unauthorized third-party obtained credentials to its Amazon Web Services-hosted cloud storage servers storing customer…
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Brex applies for bank charter, taps former Silicon Valley Bank exec as CEO of Brex Bank
Brex is the latest fintech to apply for a bank charter. The fast-growing company, which sells a credit card tailored for startups with Emigrant Bank currently acting as the issuer, announced Friday that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of…
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Mike Cagney is testing the boundaries of the banking system for himself — and others
Founder Mike Cagney is always pushing the envelope, and investors love him for it. Not long sexual harassment allegations prompted him to leave SoFi, the personal finance company that he cofounded in 2011, he raised $50 million for new lending startup called Figure that has since raised at least $225…
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Samsung Money is a debit card tied to Samsung Pay
Samsung didn’t wait long to unveil its take on a debit card. The tech giant has introduced Samsung Money, a SoFi-powered “money management experience” that combines a Mastercard debit card with a cash management account. Not surprisingly, it integrat… Source
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Samsung will introduce an ‘innovative’ debit card this summer
Samsung wants to do more with payments than offer a virtual prepaid card. The company plans to grow Samsung Pay this summer by introducing a new “experience” that includes an “innovative” debit card supported by a cash management account. Details are… Source
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