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Digital-first lenders more than doubled their market share in the last four years, according to a report by Experian.
September 25 -
Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.
September 24 -
The online lender’s name will go on a glitzy new stadium scheduled to open next year in Inglewood, Calif. The big question is whether the 20-year deal will contribute to profitability, which SoFi has yet to achieve on a consistent basis.
September 15 -
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.
June 5 -
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.
April 29 -
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.
April 26 -
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.
March 29 -
Aspiration, Wealthfront and SoFi have all begun offering high-yield savings accounts during the past few weeks.
February 28 -
Figure, the startup headed by Mike Cagney, uses blockchain technology to provide home equity loans in as little as five days. It intends to use the newly raised funds to offer other services, including wealth management.
February 27 -
The automaker's finance arm joins Avant, OnDeck Capital and SoFi in the system, which is designed to help verify loan applicants' identities.
February 12