SoFi

Galileo’s AI-Driven Intelligent Digital Assistant Cyberbank Konecta Enhances SoFi Member Experience

Retrieved on: 
Tuesday, August 8, 2023
Technology, Finance, Fintech, Banking, Accounting, Professional Services, Software, Internet, Data Management, Asset Management, Galileo Galilei, System, Friction, API, IDA, SoFi, Emotion, Financial Technologies Group, Sales, Customer service

Through Galileo’s flexible APIs and AI-driven technology, Cyberbank Konecta has helped SoFi achieve immediate cost-reduction by freeing up valuable agent time to solve more complex and higher-touch problems for SoFi’s members.

Key Points: 
  • Through Galileo’s flexible APIs and AI-driven technology, Cyberbank Konecta has helped SoFi achieve immediate cost-reduction by freeing up valuable agent time to solve more complex and higher-touch problems for SoFi’s members.
  • Customer service performance has improved by 7%, meaning addressing thousands more conversations 24/7 without the need for member service agents.
  • Cyberbank Konecta, a leading intelligent digital assistant (IDA) for banks, credit unions, fintechs and non-financial brands, solves this challenge through its empathic AI engine powered by deep learning models.
  • Greater member engagement with a 24/7 IDA that addresses more than half of member support needs.

SoFi Invest Midyear Investing Report: Optimistic Investors Face Down a Pessimistic Economic Environment

Retrieved on: 
Wednesday, August 2, 2023
Banking, Fintech, Professional Services, Finance, Knowledge, Retirement, SoFi, Habit, Gen, Millennials, Cryptocurrency, Financial services

SoFi Technologies, Inc. (“SoFi”), the digital personal finance company, released their first SoFi Invest¹ Midyear Investor Report² today, showing that most investors feel they’re falling behind what they believe to be their ideal investment amount for their age.

Key Points: 
  • SoFi Technologies, Inc. (“SoFi”), the digital personal finance company, released their first SoFi Invest¹ Midyear Investor Report² today, showing that most investors feel they’re falling behind what they believe to be their ideal investment amount for their age.
  • The SoFi Invest Midyear Investing Report looks at investors' sentiment, investing trends, and habits at the halfway point of the year, including how different generations are approaching investing or feeling about the current economic climate.
  • However, 72% of investors are optimistic about the markets despite these recession fears.
  • The top five places investors are putting their money right now include:

SoFi Named to CNBC World’s Top Fintech Companies 2023 List

Retrieved on: 
Wednesday, August 2, 2023
Software, Personal Finance, Finance, Banking, Professional Services, Technology, Apps, Applications, Fintech, CNBC, Growth, SoFi, Environment, APY, Film industry, Bank

SoFi Technologies, Inc. (“SoFi”), the digital personal finance company, has been named to CNBC’s list of the World’s Top Fintech Companies 2023.

Key Points: 
  • SoFi Technologies, Inc. (“SoFi”), the digital personal finance company, has been named to CNBC’s list of the World’s Top Fintech Companies 2023.
  • This prestigious award is presented by CNBC and Statista Inc., the world-leading statistics portal and industry ranking provider.
  • “We’re thrilled to be featured on CNBC’s first list of World’s Top Fintech Companies, highlighting our continued growth and commitment to helping our members get their money right by giving them the tools to spend better, save better, invest better, and protect better,” said Anthony Noto, CEO of SoFi.
  • Shortly after, SoFi Checking and Savings was launched, offering members more control over their money management.

Two fintech veterans join FairPlay AI's advisory team

Retrieved on: 
Tuesday, August 1, 2023
Insurance, Risk, General counsel, Comptroller, Senior advisor, ONE, Chicago Bulls, Azlo, FairPlay, Associate, Neobank, BCG, Walmart, Anchorage, Alaska, Promontory, Business manager, Machine learning, Algorithm, Promontory Financial Group, SoFi, Buckley LLP, Bank

LOS ANGELES, Aug. 1, 2023 /PRNewswire/ -- FairPlay AI, the world's first Fairness-as-a-Service™ company, is welcoming Kevin Moss and Sarah Elliott to its team of advisors. These industry leaders bring decades of financial services expertise to FairPlay's team at a time when the company is experiencing rapid adoption of its fair lending solutions.

Key Points: 
  • LOS ANGELES, Aug. 1, 2023 /PRNewswire/ -- FairPlay AI , the world's first Fairness-as-a-Service™ company, is welcoming Kevin Moss and Sarah Elliott to its team of advisors.
  • These industry leaders bring decades of financial services expertise to FairPlay's team at a time when the company is experiencing rapid adoption of its fair lending solutions.
  • In 2017 Elliott founded the 94104 Exchange, a San Francisco-based forum for fintech lawyers and compliance professionals to facilitate "the unregulated exchange of ideas."
  • Moss and Elliott join David Silberman and Manny Alvarez on FairPlay's advisory team.

Dan Macklin, Co-founder of SoFi, Joins Summer as President to Help More Students and Families Navigate and Reduce Student Loans

Retrieved on: 
Wednesday, July 26, 2023
Family, Human Resources, Millennials, Finance, Consumer, Consulting, Banking, Personal Finance, Other Education, Professional Services, University, Parenting, Education, Generation Z, Fidelity Investments, Public sector, Work, SoFi, Student, Multimedia, Investment, History, Management, Nursing, Bank, Summer

During his tenure at SoFi, Macklin brought to market the SoFi at Work financial well-being program.

Key Points: 
  • During his tenure at SoFi, Macklin brought to market the SoFi at Work financial well-being program.
  • "I am delighted to be joining the Summer team as they work to help millions of Americans and their employers navigate the ever-changing student loan landscape," said Macklin.
  • According to a recent study, 26% of student loan borrowers repurposed their student loan payments towards other bills.
  • Summer works with employers to provide a cost-effective digital solution that helps employees reduce the burden of student loan debt, regardless of their financial situation.

Bracket Capital Raises Third Flagship Fund Focused on Growth and Special Situations Investments in Technology-Enabled Businesses

Retrieved on: 
Friday, July 21, 2023
Professional Services, Finance, Hive, Bracket, IPO, United Nations, Airbnb, PIPE, Investment, United, Child, EfTEN Real Estate Fund III, Capital, Artificial intelligence, Knowledge, Growth, Entrepreneurship, SpaceX, LP, Fund, SoFi, Big Tech, Safety, Security (finance), Metaverse

Bracket Capital (“Bracket”), a global multi-asset investment manager focused on growth and later-stage, technology-enabled companies, today announced the successful close of its third flagship funds, Bracket Capital Fund III, LP, Bracket Capital Fund III-A, LP and related vehicles (collectively “Fund III” or the “Fund”), totaling $150 million.

Key Points: 
  • Bracket Capital (“Bracket”), a global multi-asset investment manager focused on growth and later-stage, technology-enabled companies, today announced the successful close of its third flagship funds, Bracket Capital Fund III, LP, Bracket Capital Fund III-A, LP and related vehicles (collectively “Fund III” or the “Fund”), totaling $150 million.
  • Building on the firm’s proven approach, Fund III will again be capacity constrained by design, with large co-investment opportunities.
  • Fund III received significant support from existing investors, with Fund II LP’s comprising ~90% of Fund III commitments, a testament to the firm’s exceptional track record to date.
  • Bracket Capital has worked hard to distinguish itself as a premier provider of capital to businesses and a trusted liquidity partner to early employees and investors.

SoFi Weekly Income ETF (NYSE Arca: TGIF) Increases Weekly Distribution

Retrieved on: 
Tuesday, July 18, 2023
Crypto, Loss, ETF, Registered representative (securities), Investment, Manager, Lovell Minnick Partners, Falmouth Foreside, Maine, NAV, Financial Crimes Enforcement Network, Social finance, Sale, Prospectus, Digital asset, Risk, Financial adviser, Money services business, APEX, Fund, SoFi, Security (finance), Bank

The Fund seeks to provide weekly income by investing in investment grade and high-yield fixed income securities.

Key Points: 
  • The Fund seeks to provide weekly income by investing in investment grade and high-yield fixed income securities.
  • 1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser (“SoFi Wealth“).
  • 2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA(www.finra.org)/SIPC(www.sipc.org), (“SoFi Securities").
  • For additional disclosures related to the SoFi Invest platforms described above, including state licensure of SoFi Digital Assets, LLC, please visit SoFi.com/legal.

OutSnapped’s New First-to-Market AI Photo Booth Turns Marketing Campaigns Into Immersive Branding Opportunities

Retrieved on: 
Monday, July 17, 2023
Marketing, Communications, Technology, Photography, Audio, Video, Artificial Intelligence, CMOS, AI, Intelligence, Woman, Bias, Multimedia, SoFi, Social media, Nightclub, Online shopping

OutSnapped, a NYC-based physical and digital photo booth company, announces the official launch of their new first-to-market patent-pending AI photo booth technology.

Key Points: 
  • OutSnapped, a NYC-based physical and digital photo booth company, announces the official launch of their new first-to-market patent-pending AI photo booth technology.
  • This proprietary innovation uses artificial intelligence to generate photos in real time that can turn single moments into immersive experiences.
  • The new OutSnapped AI photo booth represents a tectonic shift that will forever change the way memories are recorded.
  • We’re so excited to work with companies to reimagine the future of experiential marketing.” - Nicholas Rhodes, Founder and CEO

SoFi Schedules Conference Call to Discuss Q2 2023 Results

Retrieved on: 
Wednesday, July 5, 2023
Fintech, Personal Finance, Professional Services, Finance, Webcast, SoFi

SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company, today announced plans to host a conference call to discuss financial and operating results for the second quarter of 2023 on Monday, July 31, 2023, at 8 a.m. Eastern Time.

Key Points: 
  • SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company, today announced plans to host a conference call to discuss financial and operating results for the second quarter of 2023 on Monday, July 31, 2023, at 8 a.m. Eastern Time.
  • SoFi also plans to release its second quarter 2023 results on the investor relations section of its website at https://investors.sofi.com at approximately 7 a.m. Eastern Time on Monday, July 31, 2023.
  • Full session details for the conference appearance are as follows:
    To pre-register for this call, please go to the following link (you will then receive your personal dial-in access details via email): https://www.netroadshow.com/events/login?show=ec6a51ea&confId=53181
    Use this link to access the audience view of the webcast: https://events.q4inc.com/attendee/474545552

PVNG Integrates with Plaid for Secure Financial Institution Connectivity for Hotels

Retrieved on: 
Monday, June 26, 2023
Metro Toronto Convention Centre, HITEC, SoFi, Risk, Chime, Cryptocurrency, Plaid, Aptech

PITTSBURGH, June 26, 2023 /PRNewswire-PRWeb/ -- Aptech, provider of customizable financial-management software for single hotels or multi-property/multi-brand enterprises, announces an integration with Plaid, a data network powering the digital financial ecosystem. By connecting Aptech's PVNG enterprise accounting solution to the Plaid platform, properties will achieve seamless and secure access to thousands of financial accounts for financial reconciliation.

Key Points: 
  • By connecting Aptech's PVNG enterprise accounting solution to the Plaid platform, properties will achieve seamless and secure access to thousands of financial accounts for financial reconciliation.
  • "We are leveraging that expertise to create a secure connection between a hotel's desired financial institution and Plaid – the same engine driving Chime, SoFi and many others.
  • PVNG will import and match transactions via Plaid (and its 8,000+ apps and services across the digital banking ecosystem) for simplified, automated bank reconciliation.
  • By integrating with Plaid, hotels running on PVNG can leverage their security measures and minimize the risk associated with handling sensitive financial information.