By Rob Chrisman
Posted To: Pipeline Press
Pesky technology… it just won’t go away. Online lending platform fintech player (including mortgages) SoFi has launched a banking app (SoFi Money) in beta testing and expects it to be ready later this year. It includes a debit card that allows P2P payments and accepts mobile check deposits, offers combined checking and saving accounts for 1.1% interest, and up to 6 ATM withdrawals per month. The product will allow it to be both a financial hub and recommendation engine for its members. JPMorgan Chase has launched an all mobile bank called Finn targeting millennials and allows customers to do all their banking from their phone like opening accounts, making deposits, sending money, using Zelle, and accessing ATMs across the US. And Ellie Mae launched Encompass Consumer Connect allowing…(read more)
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