SoFi Technologies’ latest quarterly earnings results released Monday (April 29) showed a surge in direct deposit activity — and that more customers are using SoFi Money accounts for those direct deposits. CEO Anthony Noto observed on a conference call with analysts that total deposits were up 16% year over year during...
PayPal has appointed former SoFi executive Aaron J. Webster as executive vice president, chief enterprise services officer, effective Monday (March 18). In his new role, Webster will be responsible for global financial crime and fraud prevention programs, regulatory and government relations, and risk and compliance management, PayPal said in a...
Love is priceless. For everything else, there’s the latest edition of PYMNTS’ Provider Ranking of Personal Finance Apps, to help you keep track of your expenses. In this month’s list, Webull tops the charts, with SoFi close behind. Here’s how the rest of the rankings...
Headed into the end of January, and with earnings season in full swing, the FinTech IPO Index was up a slight 0.5%. Earnings Capture Headlines SoFi’s stock was up 1%, leading the headlines tied to the quarterly results that come in a torrent every three...
May 03, 2024
A 3% gain in the FinTech IPO Index this past week was led by the platforms. And in many cases, those firms have yet to report earnings — so, perhaps, let’s call this an anticipatory rally. Katapult, the lease-to-own platform, saw its shares leap 49.7% through the past five sessions. The company filed its 10-K […]
February 02, 2024
Headed into the end of January, and with earnings season in full swing, the FinTech IPO Index was up a slight 0.5%. Earnings Capture Headlines SoFi’s stock was up 1%,...
January 26, 2024
It’s the end of January almost, and through the next few weeks, FinTechs will weigh in with everything from loan performance metrics to profits (where there are profits to be...
January 19, 2024
The Fed may not cut rates as soon as many on Wall Street would have hoped. And that means, at least for now, dampened enthusiasm for loans, perhaps some pressure...
March 13, 2024
PayPal has appointed former SoFi executive Aaron J. Webster as executive vice president, chief enterprise services officer, effective Monday (March 18). In his new role, Webster will be responsible for global financial crime and fraud prevention programs, regulatory and government relations, and risk and compliance management, PayPal said in a Wednesday (March 13) press release emailed to PYMNTS. Webster brings […]
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...
November 09, 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...
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...
