Tagged: sofi

SoFi Technologies Announces Appointment of Stephen Simcock as General Counsel

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced Stephen Simcock as the company’s new general counsel. Simcock – who has spent more than three decades helping retail… Read More

SoFi Boosts Lending Capabilities with Personal Loan Securitization Placement with PGIM

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced today the Q1 2024 placement, in Q1 2024, of “a $350 million personal loan securitization” exclusively with funds and accounts… Read More

SoFi Brokerage Division to Pay $1.1M FINRA Fine for Alleged Fraud Prevention Failures

SoFi’s (NASDAQ: SOFI) brokerage division will be required to pay a $1.1 million penalty to the Financial Industry Regulatory Authority (FINRA) for alleged fraud detection shortcomings which reportedly enabled fraudsters to create SoFi Money accounts by using fake or stolen identities online. SoFi Securities allegedly… Read More

Fintech SoFi Announces Support for Zelle Transactions

SoFi (NASDAQ: SOFI) will be supporting Zelle which is being rolled out after requests from clients. Zelle is a bank-owned instant payments and transfer service that is broadly available in the banking world. SoFi states that Zelle is one of the most requested features for… Read More

SoFi’s New ETF Reports 13.07% Distribution

Launched in November of 2023, SoFi (NASDAQ:SOFI), a multi-faceted Fintech that provides banking services, introduced an ETF [exchange traded fund] that aims to emulate the higher returns expected from bigger money. The ETF, THTA, was launched in partnership with Tidal Investments LLC and ZEGA Financial… Read More

SoFi’s Galileo Adds Post Purchase BNPL Option

Galileo Financial Technologies is broadening its buy now pay later (BNPL) services by adding a post-purchase credit option. Galileo is part of SoFi (NASDAQ: SOFI), a diversified Fintech and digital bank. A pre-purchase option is already available. This new API-enabled BNPL post-purchase offering is designed… Read More

PayPal Appoints SoFi’s Aaron J Webster as EVP and Chief Enterprises Services Officer

PayPal Holdings, Inc. (NASDAQ: PYPL) announced the appointment of Aaron J. Webster as Executive Vice President, Chief Enterprise Services Officer, effective March 18. Aaron will have end-to-end accountability “for global financial crime and fraud prevention programs, regulatory and government relations, and risk and compliance management.”… Read More

Real-Time Payments: Galileo and The Bancorp to Enable Instant Transfers via The Clearing House

Galileo Financial Technologies, a financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), announced an expansion of its relationship with The Bancorp Bank, NA, that enables real-time payments services. Using the RTP network from The Clearing House, Galileo and The Bancorp… Read More

Fintech SoFi Is Now the Official Banking Partner of the NBA

The National Basketball Association (NBA) and SoFi (NASDAQ: SOFI) announced a multi-year partnership making SoFi the official banking partner of the NBA, NBA G League, NBA 2K League and USA Basketball. SoFi, the bank and personal finance company, will also be “the official entitlement partner… Read More

SoFi at Work Survey Reveals More Employees Are Stressed About Finances

More employees than ever — nearly 9 out of 10 — are feeling stressed about their finances, with almost half saying they’re just getting by. Despite budgets for salary increases reaching a 22-year high in 2023, 48% of workers are worried they “don’t have enough… Read More

SoFi Invest Members May Invest in Select Alternative Investment Funds, Mutual Funds

SoFi (NASDAQ: SOFI), the digital personal finance company, announced that SoFi Invest members will now be able to invest in select alternative investment funds, mutual funds, and money market funds. With the launch of alternative investments, SoFi is granting everyday investors “access to the power… Read More

SoFi Reports Solid Results, Shares Move Higher

SoFi (NASDAQ:SOFI), a regulated digital bank that provides many different financial services, reported Q4 financial results today and Wall Street likes them. SoFi became a public company via a SPAC deal. Currently, shares in SoFi closed over 20% higher on the news now trading over… Read More

SoFi Introduces Small Business Financing Marketplace

SoFi (NASDAQ: SOFI), the digital personal finance company, announced recently the expansion of its new small business marketplace within the SoFi product experience. With this addition, SoFi will now be able to better support millions of American small business owners’ financing needs by “connecting them… Read More

SoFi Layoffs – Reports Indicate that Fintech is Cutting Staff

SoFi (NASDAQ: SOFI) , a top Fintech platform that holds a bank charter, is letting people go, according to multiple reports. SoFi was a big winner in the stock market in 2023, gaining 116%, but apparently, things may not be as great as they seem as… Read More

SoFi, the Digital Personal Finance Firm, Intoduces New Offer for Eligible IRA Contributions through Tax Day

SoFi (NASDAQ: SOFI), the “all-in-one” digital personal finance company, announced SoFi Invest will offer a 2% match on all eligible IRA (individual retirement account) contributions through Tax Day (April 15, 2024). This new offer doubles the previously “announced 1% IRA match offered in late 2023, and… Read More

SoFi Invest Introduces Enhanced Yield ETF to Provide Investors a New Income Source

SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company, today announced the launch of the SoFi Enhanced Yield ETF (ticker: THTA). With THTA, SoFi is providing a distinct way “to generate monthly income for investors who are seeking a distinct way to do so, with… Read More

Figure, Tom Farley, and VC Proof Group Look to Reanimate FTX: Report

Figure Technologies, along with former NYSE Executive Tom Farley and VC Proof Group, are planning to acquire what’s left of FTX, according to a report by WSJ.com. FTX was once valued at over $30 billion. Figure, founded by top Fintech entrepreneur Mike Cagney, operates one… Read More

SoFi and BlackRock Partner on $375M Personal Loan Securitization

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced an agreement to place a $375 million personal loan securitization exclusively with funds and accounts managed by BlackRock (NYSE:… Read More

Galileo Expands Access to Payment Risk Platform

SoFi-owned Galileo Financial Technologies now offers its Payment Risk Platform to the entire financial services ecosystem. This holistic fraud engine delivers real-time payment risk mitigation controls that allow any fintech or financial brand to reduce fraud losses and minimize payment risks proactively. The Galileo Payment… Read More

SoFi, the Digital Personal Finance Company, to Offer a 1% Match on Eligible IRA Contributions

SoFi (NASDAQ:SOFI), the all-in-one digital personal finance company, announced SoFi Invest will offer a 1% match on all eligible IRA (individual retirement account) contributions. This comes as a new survey also out from SoFi “unveils American’s top financial ambitions including: creating or sustaining generational wealth,… Read More

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