- November 29, 2023
SoFi says it is exiting the cryptocurrency business next month.
The digital finance firm has told customers that they will either need to liquidate their accounts or move their funds to the crypto exchange Blockchain.com, ...
- November 9, 2023
FinTechs remain in a tight spot, as far as fundraising goes.
The third quarter of this year saw investment in private FinTechs fall 46% compared to the same period in 2022, the Wall ...
- November 7, 2023
In this edition of PYMNTS’ Provider Rankings of Personal Finance, some apps, such as Chime Mobile Banking and Rocket Money, have fallen in the rankings. On the other hand, SoFi took ...
- November 3, 2023
Earnings season is in full swing, and has given several names in the FinTech IPO Index a boost.
Through the past five days, the index surged 6%.
NerdWallet shares soared 67%. The ...
- October 30, 2023
SoFi earnings lauded a surge in student loan demand ahead of repayments that resumed this fall, marking its highest quarterly pace of originations in more than a year.
Earnings materials from ...
- October 23, 2023
Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC).
Together, these solutions aim to help companies detect and prevent first-party fraud, the provider of digital ...
- October 16, 2023
In this edition of PYMNTS’ Provider Ranking of Personal Finance Apps, we see a number of shifts. Chime is leading our rankings again with a perfect score of 100, but let’s ...
- October 13, 2023
Bank earnings start Friday.
That means we’ll get management commentary on everything, from interest rates to loan performance to consumer spending.
The read across will be there for the members of the ...
- October 6, 2023
The FinTech IPO Index gave up nearly 3%, coming into the end of the first full trading week of the fourth quarter.
Affirm led declining names, sliding 16% through the past ...
- September 12, 2023
Handling finances can be overwhelming, especially amid the current economic uncertainties. The PYMNTS Provider Ranking of Personal Finance Apps aims to help consumers sort out the best digital tools for budgeting, ...
- August 7, 2023
Personal finance can be intimidating. But particularly given the ongoing challenges of today’s economic environment, it has never been more important to keep a keen eye on finances while being ...
- July 31, 2023
SoFi’s earnings results showed a growing embrace of the company’s platform approach that brings savings, lending and spending together in a continuum of financial activity.
Earnings presentation materials and results posted Monday (July 31) showed ...
- June 16, 2023
Government data pointing to cooling inflation helped buoy FinTech IPO names this past week.
Retail sales data Thursday (June 15) showed that consumer spending remains resilient, which helped give the rally ...
- June 13, 2023
The banking industry is facing several challenges concerning consumer deposits, according to Jennifer Piepszak, co-CEO of JPMorgan Chase’s consumer and community banking unit.
Piepszak has predicted that consumer deposits will be “slightly ...
- June 8, 2023
SoFi has debuted a tool to help consumers pay off student loans and still save for retirement.
The personal finance company’s SoFi at Work unit on Thursday (June 8) unveiled its ...
- June 2, 2023
The FinTech IPO Index’s 3.4% gains were outpaced this week by outsized momentum in names like SoFi, while earnings reports in other holdings continued to impact trading.
Shares in SoFi soared ...
- May 15, 2023
SoFi Technologies’ stock dipped Monday (May 15) after an analyst said its accounting may overstate its capital.
Wedbush Managing Director, Equity Research David Chiaverini cut SoFi to underperform and said its accounting practices may ...
- May 5, 2023
A spate of earnings reports rolled in through the past week, and a rough parity between gaining stocks and decliners held the FinTech IPO Index to a 1.4% gain.
NerdWallet shares ...
- May 1, 2023
Homebuying is effectively impossible.
That’s according to data from PYMNTS’ February “Consumer Inflation Sentiment Report,” which is backed up by the February S&P CoreLogic Case-Shiller Home Price Indices released last week.
Just ...
- May 1, 2023
SoFi’s latest quarterly results underscore a continued demand for personal loans — and a platform model that supports a continuum of spending, saving and direct deposits.
Earnings materials show that during the ...
- April 27, 2023
Sometimes change is a good thing, and sometimes entire business sectors find their level and stick with it. Until something changes.
Change isn’t in the cards for this edition of the ...
- April 26, 2023
It’s always smart to keep a sharp eye on one’s finances, and for that reason, we produce PYMNTS’ Provider Ranking of Personal Finance Apps to make it easier.
We’ve seen a ...
- April 13, 2023
The platforms held sway this past week — where volatility reigned on Wall Street.
And within the FinTech IPO Stock Index, we saw gainers and losers in roughly equal measure, with ...
- April 10, 2023
The push and pull on student loans has spotlighted SoFi’s digital platform model and the emergence of online financial service ecosystems.
As widely reported, SoFi has turned to the U.S. court ...
- April 6, 2023
Earnings season’s just about over.
But there were a few last reports among our FinTech IPO pantheon right before the next earnings season begins next week.
Beginning in mid-April, the big banks ...
- April 3, 2023
SoFi has acquired Wyndham Capital Mortgage to broaden its offerings to prospective homeowners.
The all-cash purchase, announced in a Monday (April 3) press release, lets SoFi enhance customers’ digital mortgage experience ...
- March 20, 2023
When a Top 10 list only features eight brands you know they’re something special, and the Provider Ranking of Personal Loans Apps is exactly that.
The Top 5
MoneyLion roars at No. ...
- March 16, 2023
Checked on your personal finances lately? We have, in the form of the Provider Ranking of Personal Finance Apps, updated monthly in this space.
Not that anyone likes big changes to personal ...
- March 7, 2023
SoFi says the ongoing federal student loan payment moratorium has cost it $400 million.
The personal finance company has sued the U.S. Department of Education to end the three-year-old pause on ...
- February 22, 2023
For the FinTech IPO Index, it’s been a long journey — down.
On a day that saw Nasdaq plunge 2.5%, and in a month that brings COVID-19 near the three-year anniversary ...
- February 3, 2023
Tech stocks roared back to life coming into a new month — and suddenly February looks a lot brighter than the beginning of this year ever did.
The FinTech IPO Index ...
- January 30, 2023
Demand for personal loans, direct deposit accounts and “cross-buy” opportunities boosted SoFi Technologies’ results despite macro headwinds.
Total deposits at SoFi Bank grew 46% sequentially during the fourth quarter to ...
- December 20, 2022
BNPL’s appeal for merchants lies in increasing basket size amid a pressured macro environment.
Mastercard’s Chiro Aikat told Karen Webster that BNPL’s momentum has been underscored by SoFi’s rollout, announced earlier ...
- December 14, 2022
SoFi is rolling out a new buy now pay later product for eligible members.
The personal finance company said in a Wednesday (Dec. 14) blog post that it is the first ...
- November 25, 2022
A shortened holiday trading timeline — a breather, and then it all begins again.
For the FinTech IPO Index, a 3.2% loss for the week bumped up against the Thanksgiving holiday, ...
- November 21, 2022
Four U.S. senators have signed a letter to SoFi Technologies CEO Anthony Noto expressing concerns about the online personal finance company and online bank’s digital asset trading activities and asking ...
- November 4, 2022
The ranks are thinning at FinTech firms.
In a week that’s seen its share of earnings announcements and a fourth rate hike from the Federal Reserve, a spate of layoffs also ...
- November 1, 2022
“We’re winning share in deposits … and we’re taking it from the traditional banks,” SoFi CEO Anthony Noto said on a Tuesday (Nov. 1) earnings call.
On a day where earnings results ...
- September 27, 2022
Today in the connected economy, DoorDash teams with Chase and Mastercard to unveil its first-ever credit card. Plus, Uber Eats rolls out new point-of-sale offerings in hopes of wooing tech-weary ...
- September 27, 2022
Personal finance company SoFi has debuted “On the Money,” a digital content hub that lets members stay on top of their finances.
As the company said in a news release Tuesday ...
