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Fintech Focus For August 10, 2020
Sunday, August 9, 2020 - 9:22pm | 2244Read More...Daily Perspective: Only the paranoid survive. - Andy Grove Fintech Movers: Goldman Sachs is seriously considering its own cryptocurrency, possibly a stablecoin, as it significantly expands its digital assets team and appoints a new head to spearhead efforts. - Coindesk Capital markets DLT on cusp...
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Every Friday Could Be Payday If This ETF Comes To Life
Monday, July 20, 2020 - 9:00am | 426Read More...With interest rates at historically low levels, investors are scrambling for ways to find income. If a new exchange-traded fund comes to life, it could be a compelling solution in the income equation. What Happened: Last week, fintech firm and upstart ETF issuer SoFi filed plans for the SoFi Weekly...
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Fintech Focus For July 10, 2020
Friday, July 10, 2020 - 8:57am | 1814Read More...Daily Perspective: The market is not the economy. - Mike Loewengart Fintech Movers: The digital lending platform market was estimated at $4 billion in 2018. This number is expected to grow at a compounded annual growth rate of over 20% in the next 5 years, putting it at an estimated $17 billion by...
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9 San Francisco Fintechs Poised To Shine At The Benzinga Global Fintech Awards
Tuesday, July 7, 2020 - 9:19am | 780Read More...The Benzinga Global Fintech Awards — a day of dealmaking, networking and recognition in the financial technology space — takes places Nov. 10. In recognition of those disruptive innovators creating positive and diverse change within the financial services...
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Fintech Focus For July 3, 2020
Friday, July 3, 2020 - 9:26am | 1689Read More...Daily Perspective: Life is what happens when you're busy making other plans. - John Lennon Fintech Movers: An International Monetary Fund (IMF) official recently noted that China’s Fintech sector could be “instrumental” in assisting SMEs with acquiring reliable credit. The...
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Get Social With This New SoFi ETF
Thursday, July 2, 2020 - 10:07am | 432Read More...SoFi stands for “social finance” and the firm is leaning on those roots in a revamp of the SoFi 50 ETF (NYSE: SFYF). What Happened: The fintech is reconfiguring that exchange-traded fund into the SoFi 50 ETF. The new-look fund retains the ticker “SFYF” and tracks the SoFi...
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No Gimmick Here As SoFi Extends No Fee Waiver On 2 ETFs For Another Year
Wednesday, April 29, 2020 - 1:10pm | 502Read More...Last year, fintech company SoFi introduced its first batch of exchange traded funds, including a pair with no annual fees. Even today's climate of seemingly never ending fee cuts on ETFs, some critics asserted SoFi's no fee scheme was just that: a scheme and a ploy to gain attention among...
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The Financial Wellness Industry Is Showing No Signs Of Slowing Down
Wednesday, March 11, 2020 - 11:40am | 593Read More...The proliferation of tech-enabled financial services has led to an explosion of offerings for consumers looking to get their financial lives in order. But if you think there are already too many budget apps or lending platforms, get ready for more. According to a report from research firm Arizton,...
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'Connecting The Dots': Apex Expands Clearing, Custody Capability To Quickly Launch Fintech Startups
Tuesday, January 28, 2020 - 3:51pm | 751Read More...In a move to further democratize financial markets, Apex Clearing formally integrated its services with Bambu, a robo-advisory technology solution, providing global access to U.S. markets. As part of the development, Bill Capuzzi, CEO at Apex Clearing, spoke with Benzinga regarding his firm’s...
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SoFi CEO Tells Cramer Millennials Are Buying Sub-$10 Stocks
Saturday, May 18, 2019 - 9:35am | 405Read More...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...
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SoFi Doubles ETF Suite With Gig Economy, Growth Funds
Thursday, May 9, 2019 - 2:04pm | 496Read More...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...
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Zero-Fee ETFs Are Here
Friday, April 12, 2019 - 12:10pm | 517Read More...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...
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Less Than Zero? This Proposed ETF Would Pay Investors, But There's A Catch
Wednesday, March 13, 2019 - 8:27am | 499Read More...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...
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Video: Talking The First 'Zero-Fee' ETFs
Friday, March 1, 2019 - 5:37pm | 413Read More...Earlier this week, online lender Social Finance, popularly known as SoFi, filed for industry's first zero-fee ETFs. The SoFi 500 ETF (NYSE: SFY) and the SoFi Next 500 ETF (NYSE: SFYX) have an expense ratio of 19 basis points each that would be waived for the first year, making them free to...
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Zero-Fee ETFs: It's Happening, And SoFi Looks To Be The First
Tuesday, February 26, 2019 - 4:40pm | 649Read More...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),...
