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Weekly Analysis and Opinion Highlights – 14 February 2022

And we’re kicking off the week with new details on banking, partnerships, funding, DeFi, SoFi, neobanks, credit unions, open banking and more. Dive into the latest fintech insights and have a great start of the week!

The Unstoppable Rise Of Fintech And The Competing Efforts Of Authorities To Catch Up: The Turkish Competition Authority Published Its Analysis Report On Fintech (Mondaq)
The Turkish Competition Authority (“Authority”) published its report entitled “Analysis Report on the Financial Technologies in Payment Services” (“Report”) which evaluates the effect of the use of financial technologies (“Fintech“) in the financial sector, the obstacles to innovation and competition in the relevant markets and the entry of big technology (“Big Tech“) companies (e.g., Facebook, Amazon, Google, Apple) into the market. The Report notes that Fintech includes: (i) innovative products and services that emerged in the financial sector as a result of the radical technological transformation, (ii) new entrants other than the incumbent players that offer these services, and (iii) Big Tech companies which started to offer financial services. Read more.

Fintech SoFi Is Much More than a Neobank, Bank of America Analyst Explains (Crowdfundinsider)
SoFi Technologies (NASDAQ:SOFI) is not simply just another neobanking platform, according to a Bank of America (BoA) analyst. SoFi provides services to several different neobanks via its Galileo platform, which the BoA analyst said is an important “differentiator.” BoA analyst Mihir Bhatia pointed out that he was quite impressed by SoFi because of its wide range of product offerings as the firm aims to serve as a “one-stop shop” for financial services. Read more.

Down 38% From Its High, Is This Fintech a Buy? 
While the S&P 500 has seen some turbulence in the past month, growth stocks have been getting hit for months now. Yet despite the drop in share prices, many of these companies have posted strong earnings for 2021, and nothing has fundamentally changed for them. One company in this position is Live Oak Bancshares (NASDAQ: LOB). Despite posting the best year in its history, the bank has seen its stock decline 38% since early November. Investors shouldn’t fret. Here’s why Live Oak could be a good buy at today’s price. Read more.

Will the Super Bowl supercharge SoFi’s growth? (American Banker)
The Los Angeles Rams may not have been the only winners on Super Bowl Sunday. SoFi Technologies, which owns the naming rights for the Southern California stadium where the game was played, could get a membership boost from having its name plastered across millions of television sets, said Michael Perito, an analyst who covers SoFi for Keefe, Bruyette & Woods. “It’s reasonable to assume the Super Bowl could provide a lift in the first quarter to member growth,” Perito said. Read more.

Bank-fintech partnerships win key battle, but war is far from over (American Banker)
Fintechs can more comfortably avoid state interest rate caps by partnering with banks after two recent court decisions — at least for now. The Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency each scored big victories in the U.S. District Court for the Northern District of California on Feb. 8, when Judge Jeffrey S. White dismissed complaints brought against the agencies by attorneys general in states led by California, Illinois and New York. Read more.

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