SoFi to buy payments firm Galileo for $1.2 billion

The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking.

Unsubscribe View in browser FINANCIAL PLANNING 1. SoFi to buy payments firm Galileo for $1.2 billion By Kevin Wack 2 min read The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking. Read More → SPONSOR CONTENT Learn the first steps to create the right digital advice solution for clients. See how your firm can achieve its goals with a digital advice solution that’s high tech and high touch. LEARN MORE NOW → LEARN MORE NOW FINANCIAL PLANNING 2. How is coronavirus changing your purchase or use of technology? By Chelsea Emery 1 min read Your participation in the latest Financial Planning Tech Survey will allow us to analyze and provide valuable information about industry trends. For each completed survey, we will donate $10 to Direct Relief to help in the fight against COVID-19. Read More → FINANCIAL PLANNING 3. The lessons of virtual work will outlast the pandemic By Ingrid Case 4 min read Advisors — some inspired, some resistant — envision client contact in a post-coronavirus landscape. Read More → HOT MIC Most practices can’t serve the wealthiest clients. Here’s what it takes Q: Why are scale, speed and intimacy crucial when it comes to building relationships with ultrahigh-net-worth clients? A: “The nature of having that level of relationship with a client, particularly for the [UHNW], really is the breeding ground for greatness of firms. And it’s a cultural ethos that would be required to be in a position to win that level of allegiance from a client who’s looking at you as a partner, as opposed to a vendor. That is the biggest challenge for this segment,” says consultant Jamie McLaughlin, founder of strategy and practice management firm J.H. McLaughlin. Get the whole conversation → Raising Capital Bulgarian VC invests in local fintechs By Kate Fitzgerald 1 min read New Vision 3, a Bulgarian venture capital firm backed in part by European Union grants to encourage SMB innovation, has announced it's dividing a $2.7 million investment among three Bulgarian fintech firms. Read More → ABOUT INVEST INVEST is the home of the wealthtech community and the digital leaders in wealth management. Since its inception, we've united more than 5,000 executives to explore the changes in the market and discover innovations in investing, saving and financial advice. Join us at our next event.... Learn More → Unsubscribe | About | Contact | Privacy Arizent One State Street Plaza 27th Floor, New York, NY 10004 ©2020 Arizent. All rights reserved.