Here's Why SoFi's Latest Move Is So Important

We recently learned that fintech start-up SoFi, which is set to go public through a special purpose acquisition company (SPAC) merger with Social Capital Hedosophia Holdings V (NYSE:IPOE), is acquiring Golden Pacific Bancorp. Now, this is a tiny bank with just three branches, but it's a far more significant acquisition than it sounds. In this Fool Live video clip, recorded on March 29, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss why the move into physical banking is such a big deal.