Deep Dive Into the Complex Financial System — SoFi’s Many Roles
How does money move after you swipe your card?
Today, we’re diving deep into the complex world of the financial system, particularly focusing on how one company — SoFi — has positioned itself throughout many layers of this system.
This vast system, which moves money around this country and across this world, isn’t controlled or operated by any single entity. Instead, it consists of a web of institutions, markets, and intermediaries that must play well together to manage money and fulfill transactions between participants in banking, commerce, and investments.
We’ll explore the intricate layers of this modern financial system and the critical role SoFi and its technology platform plays in it. We’ll navigate through various categories including regulatory bodies, banks, payment processors and gateways, credit card networks, point of sale systems, fin-tech companies, software and hardware infrastructure providers, investment brokerages, and asset managers.
As we delve into each category, we’ll highlight SoFi’s direct operations within them, showcasing how SoFi’s acquisitions, Galileo and Technisys, have shaped its unique positioning in the financial landscape.
