SoFi - News, Articles & Research

Company announcement/payments

SoFi adopts Galileo's Cyberbank Core

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that empowers members to borrow, save, spend, invest, and protect their money, today announced its adoption of Galileo’s modern, cloud-based Cyberbank Core to power a range of payment services to commercial clients, including debit, prepaid, ACH and wire transactions, and associated banking services.

17 October 2024

Company announcement/retail

SoFi scores $2 billion credit line for loans platform

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 a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”).

16 October 2024

News/security

SoFi fined $1.1 million over flawed ID programme that led to multi-million dollar fraud

SoFi's self-directed retail brokerage unit has been fined $1.1 million by financial regulator Finra over ID verification failures that enabled thieves to steal $8.1 million from the accounts of customers at other financial institutions.

08 May 2024

Company announcement/wealth

SoFi opens access to mutual and money market funds

SoFi (NASDAQ: SOFI), the all-in-one digital personal finance company, announced today that SoFi Invest members will now be able to invest in select alternative investment funds, mutual funds, and money market funds.

29 January 2024

Company announcement/retail

SoFi integrate Galileo AI-driven digital assistant

Galileo Financial Technologies, LLC, a leading financial technology company, announced today that its affiliate’s conversational AI engine, Cyberbank Konecta, which was integrated into the existing tech stack of SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company and all-in-one app, is delivering on SoFi’s mission for member engagement and satisfaction. Galileo is a wholly-owned subsidiary of SoFi Technologies, Inc.

08 August 2023

Company announcement/retail

SoFi buys Wyndham Capital Mortgage

Today, 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 that it has acquired Wyndham Capital Mortgage, a leading fintech mortgage lender in an all cash transaction.

03 April 2023

Company announcement/payments

SoFi rolls out early access to Pay in 4

Pay in 4 is SoFi’s latest innovation designed to provide flexibility for our members when spending with SoFi Checking and Savings.

15 December 2022

News/crypto

Plaid adds crypto strings to its bow

Plaid has announced that major crypto exchanges including Binance.US, Gemini, Robinhood, and SoFi, are now available on their network. Support for additional platforms, including Blockchain.com and BitGo is planned for later this year.

15 July 2022

News/cloud

SoFi to buy cloud-based banking platform Technisys for $1.1bn

Online lender SoFi Technologies has agreed to buy cloud-native core banking platform Technisys in an all-stock deal worth around $1.1 billion.

22 February 2022

News/regulation

SoFi gets approval to become a bank

Online lender SoFi Technologies has received approval from US regulators to become a bank holding company.

20 January 2022

Company announcement/retail

SoFi and Pagaya team up

Pagaya Technologies Ltd. (“Pagaya”), a financial technology company that enables financial institutions to expand access to more customers through its artificial intelligence network, today announced its new partnership with SoFi, the digital personal finance company.

18 October 2021

News/people

Derek White swaps Google Cloud for Galileo

After less than a year as head of Google Cloud's FS business, Derek White is joining SoFi-owned API and payments platform Galileo as CEO.

09 June 2021