SoFi

Experimenting with digital currencies; Questioning SOFR

09/24/19

Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.

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SoFi makes big bet on the NFL with L.A. naming rights deal

09/15/19

The online lender's name will go on a glitzy new stadium in Inglewood, Calif., that is scheduled to open next year. The big question is whether the 20-year deal will contribute to profitability, which SoFi has yet to achieve on a consistent basis.

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Exec departures at Deutsche Bank, SoFi; N.Y. Fed chief warns on 'bad apples'

06/05/19

The chief operating officer for the Americas at Deutsche Bank, as well as SoFi's heads of marketing, risk and capital markets, are all moving on; John Williams tells bankers they need to do more to clean up misconduct at their companies.

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SoFi reportedly in talks with Qatar for $500 million in funding

04/29/19

Expected to close this week, the deal would value the company at an amount similar to the $4.3 billion valuation of its 2017 funding round.

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Can blockchain cut down closing costs?

04/26/19

Provenance Blockchain, recently spun off from Mike Cagney's Figure Technologies, says it can help lenders trim 70% of mortgage settlement expenses through speedier processing and paperwork reduction.

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SoFi reboots its mortgage business with new name, updated processes

03/29/19

The digital lender rebranded its mortgage business as SoFi Home Loans about four months after it took a step back from real estate finance to redesign its processes.

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What's driving these fintech companies' deposit grab?

02/28/19

Aspiration, Wealthfront and SoFi have all begun offering high-yield savings accounts during the past few weeks.

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Ex-SoFi CEO's new blockchain startup is getting into banking

02/27/19

Mike Cagney, the former embattled chief executive of Social Finance, has a new startup that plans to announce a $65 million funding round on Wednesday, bolstering the lending company's expansion into other financial services, including wealth management.

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GM joins Spring Labs' ID verification blockchain

02/12/19

The automaker's finance arm joins Avant, OnDeck Capital and SoFi in the system, which is designed to help verify loan applicants' identities.

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Is customer information safer with a blockchain database?

01/24/19

Spring Labs is spearheading a group of prominent fintech lenders to use a blockchain-based, peer-to-peer network to share consumer information to help with ID verification on loan applications.

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