Where SoFi-Zenbanx merger falls short

The announcement that Social Finance is buying Zenbanx marks an important milestone in SoFi’s ongoing evolution from a one-product company exploiting a pricing anomaly in the government student loan market to the preferred private bank for millennial achievers. But as positive as this partnership is, it won’t solve all of the challenges facing an alternative lender like SoFi, which still needs a more direct banking capability to deliver sustainable funding for its loan portfolio. Read more: www.americanbanker.com