Fintech Insider By 11:fs

417. News: SoFi snaps up Galileo for $1.2b

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Our expert hosts, David Brear and Simon Taylor, are joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week. This week's guests include: Tanya Andreasyan, Managing Director and Editor-in-Chief at Fintech Futures Izabella Kaminska, FT Alphaville Editor at the Financial Times Olly Betts, Co-Founder and CEO, OpenWrks We cover the following stories from the fintech and financial services space: SoFi buys Galileo for $1.2bn (03:17) Kabbage suspends credit for small-business clients (11:21) Banks struggle to keep up with tidal wave of business loan applications for covid relief (19:29) New Banking Competition Remedies pool announced as Nationwide abandons business banking (27:40) Fintechs take action to combat effects of coronavirus (34:54) FCA allows selfies for identity checks (58:20) This podcast is brought to you by Mitek. Smart, automated and fast. Mitek helps you reduce fraud, create trust, and offer your customers the