company
SoFi Technologies is a consumer fintech and digital bank offering student/personal loans, banking, credit cards, and investing products.
No evidence-backed relationships are recorded.
Kraken parent Payward is joining Singapore Gulf Bank's SGB Net to settle dollars 24/7 for institutions in Asia and the Gulf. On a network reportedly clearing over $2bn a month, the link may do as much for the bank as for Kraken.
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BNY is in talks with Kraken parent Payward, valued at $21 billion when Nasdaq invested, over a custody, trading and payments partnership, CoinDesk reported. Nothing is signed. One source compares the talks to the infrastructure half of Payward's Nasdaq agreement.
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Fed proposals issued Sept. 24 would set stablecoin rules under the already-enacted GENIUS Act, nine days after the Clarity Act stalled in the Senate. Clarity's unresolved jurisdiction questions still lack a statute, and the SEC's crypto task force leader, Hester Peirce, leaves Oct. 2.
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Apollo chief economist Torsten Slok warns AI agents could move household cash out of 0.1% checking into accounts paying up to 5%, in near-unison. Banks lend that cash out assuming it stays put, and losing it would take away the cheap base that makes their lending profitable.
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Binance paid $100 million for 1,237,011 Circle shares and signed a five-year USDC agreement whose incentive fee is a percentage of balances held in Circle's wallet product. The filing does not disclose the percentage.
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The FDIC's annual deposit report puts SoFi Bank 47th in the country at $46.8 billion, double its total two years earlier. Chime is holding its own balance sheet under $10 billion to keep uncapped interchange.
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Economists at BCG put the oldest Gen Z workers at a median $42,000 in constant dollars, 25% above Millennials at the same age, and date the year the young became gloomier than the old to around 2025.
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Citi's live dollar transactions with First Abu Dhabi Bank and OCBC, and SoFi's tie-up with Kraken's parent, both removed a cutoff time, which leaves CFOs deciding what software may release at 2am Sunday.
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Up to 2% back on spending from 600-plus balances cannot be paid for out of capped debit interchange. That tells you what Kraken is actually buying.
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The interesting work in SoFi's AI financial guide is account context, memory and escalation rules. The engagement figure it shipped with has no published denominator.
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