SoFi Wants Tech Platform to Be AWS of Financial Services
SOFISoFi Technologies(SOFI) PYMNTS.com·2024-07-30 23:37

SoFi Technologies’ leadership wants the company to become the “Amazon Web Services” (AWS) of FinTech.What that means is a lot of investment into technology and digital product innovation.The company’s latest quarterly earnings results released Tuesday (July 30) revealed good progress on that front, and showed that a lot can change in a year.SoFi’s net income for the period stood at $50 million, a figure that starkly contrasts the net loss of $95 million reported in the same quarter of the previous year.The ...