SoFi

SoFi, an online personal finance company that mostly targets millennials, launched a new platform in early 2019 that allows clients to buy and sell stocks. One would assume that millennial investors are only interested in FANG stocks, but that isn't at all the case, SoFi CEO Anthony Noto told...

SoFi, the online lender turned exchange traded funds issuer, doubled the size of its new ETF lineup Wednesday with the debuts of two new funds. SoFi's newest ETFs come to market less than a month after the San Francisco-based company introduced the first zero-fee ETFs. What Happened The firm...

After years of speculation that recently intensified, exchange traded funds with zero fees arrived Thursday with the debuts of the SoFi Select 500 ETF (NYSE: SFY) and the SoFi Next 500 ETF (NYSE: SFYX). Both new ETFs from SoFi have fee waivers in place to keep the funds' expense ratios at...

The fee battle being waged in the exchange traded funds space is probably the most compelling in the industry's history, but an upstart issuer is looking to employ a novel concept: an ETF that actually pays its investors. What To Know Aside from recent fee cuts announced by industry giants...

Heading into 2019, there was plenty of chatter about this being the year that a no-fee exchange traded fund would come to market. It looks like that's going to happen, but the source of first free ETF is surprising some industry observers. What Happened Charles Schwab Corp. (NYSE: SCHW),...

The Benzinga Fintech Summit is a gathering of the top leaders in payments, lending, capital markets, blockchain and cryptocurrencies in San Francisco Nov. 14. Ahead of the Summit, Benzinga is profiling the fintech thought leaders speaking at the event. For this installment, Benzinga interviewed an...

The cryptocurrency market sell-off picked up steam on Wednesday, with most major currencies trading down more than 9 percent on the day. Here’s a look at some of the headlines that were moving the cryptocurrency market today — and which currencies were on the move. Headlines Bitcoin...

Industry juggernauts are under siege by eager and youthful competitors -- many of which can be seen at the annual Benzinga Global Fintech Awards. From the road to the laboratory and everywhere in between, startups are putting on the heat. Here are the most revolutionary neophytes of the fintech...

LendingClub Corp (NYSE: LC) was upgraded by Oppenheimer Thursday on “compelling” risk/reward levels. The online peer-to-peer marketplace is creating a stickier investor base with a higher bank and retail mix and utilizing a $760 million balance sheet to grow its securitization channel,...

Entrepreneurs often complain that federal regulations of the finance industry impede radical advances in technology. Venture capitalist Adam Boyden has a different take. “Fintech is highly regulated. I have decided that it is an advantage,” said Boyden, managing director at RPM Ventures...

After LendingClub Corp (NYSE: LC) discovered $22 million in loans were sold that didn’t meet buyer requirements during an internal review, the CEO and founder (who was complicit) was forced to resign, and the company has been the subject of heightened scrutiny. Market Response Many market...

Nikesh Arora, president and chief operating officer of Japan's SoftBank Group Corp (OTC: SFTBF) is stepping down amid pressure from investors, according to a company press release. The departure of Arora, who was Chief Executive Masayoshi Son's handpicked successor, will assume an advisory role,...

Just a month after the LendingClub Corp (NYSE: LC) fiasco resulted in the termination of its CEO, the Wall Street Journal reported another online lender Social Finance Inc., or SoFi, is pitching potential investors to buy $380 million of securities backed by its unsecured consumer loans. The...

LendingClub Corp (NYSE: LC), after ousting its CEO and amid concerns over lapses in its internal controls, has now become the focus of investigations headed by both the U.S. Department of Justice and the Securities and Exchange Commission. The news has broad implications for the burgeoning online...