David Feuer

I agree with your thesis @bgurley 👇 that there will be a new large alternative payment network (not sure about the replacing piece) and only one of those companies you listed has the best most sought after bank license to innovate across all key areas to gain the NETWORK EFFECTS required to have a great payment network. The BEST license is an OCC national bank charter that can accept deposits (that are insured by the FDIC), provide transactional accounts people already trust (ie checking and savings), earn federal funds interest rate on deposits at the Fed bank (no need to buy treasuries or other duration risk yielding instruments), offer loans, issue stablecoins, own a layer 1 blockchain, etc etc etc etc.... Oh let's not forget they already own payment processing and issuing technology that processes ~8 billion transactions a year. The other companies to compete will likely apply for more limited/inferior OCC licenses (ie Trust Bank Charter) in order to issue stablecoins but that won't be enough... over the long run through political cycles/administrations/regulatory leadership changes and innovation cycles we will see who has a competitive advantage. 🤫 And as importantly who can execute!! Fresh Horses We Ride!!

💸 Fintech Funding in 2025: Evolution of Investment. – Investors focus on sustainable business models and regulatory compliance. – AI, blockchain, and embedded finance lead funding trends. – Market consolidation results in fewer, larger deals. More: fintegra.news/the-evolution-…

📈New ETF Alert! We’re excited to announce the SoFi Agentic AI ETF (NYSE Arca: AGIQ) to provide investors access to the next wave of AI. Read more here: investors.sofi.com/news/news-deta…

72% of customers say personalization influences where they bank, but most banks still treat conversations as afterthoughts. What if "Can you help me increase my credit limit?" became a revenue opportunity instead of a cost center? More in our collaboration with @GalileoFintech: hubs.ly/Q03zNgbG0

Galileo continued its growth trajectory in the Q2, delivering strong results while expanding its client base and driving innovation for SoFi. Read more about our growth and plans ahead: galileo-ft.com/news/sofi-tech… A few highlights include: • Banco Nación, one of Argentina's largest financial institutions, selected Galileo’s Cyberbank Digital platform to modernize their digital banking infrastructure. • For SoFi, the adoption of Cyberbank Konecta, our AI-powered virtual personal banking assistant, has also led to 65% faster average response times and cut its chat abandonment in half. • Galileo launched a first-of-its-kind reward debit program with Wyndham Hotels & Resorts. • 160 total accounts at the end of Q2 2025

Very excited about the innovation we can drive via blockchain and crypto across our businesses. @Sofi ‘s planned new international payments (frequently called remittances) will convert fiat to crypto, transmit via blockchain, and convert to local fiat. It's only day 1 of the type of innovation that can be driven via blockchain, crypto, and AI to make financial services faster, easier, safer, more accessible, and lower cost for our members‼️

Galileo just earned the top spot in Javelin’s 2025 Digital Issuance Provider Scorecard, outperforming seven major providers across security, speed, scalability, and wallet support. With consumers expecting frictionless digital access, Galileo’s platform helps payment providers stay competitive, drive top-of-wallet status, and lower operational costs. See why we’re leading the charge: galileo-ft.com/blog/galileo-b… #DigitalIssuance #PaymentsInnovation

Introducing Galileo Payment Method Switch, powered by @Atomic_fi. It helps banks, fintechs and brands stay top of wallet by giving their customers a simpler way to update their default payment method for recurring bills and everyday spend without leaving an app. By embedding Galileo Payment Method Switch into their apps, our clients can position their own issued card or account as the most visible option for recurring bills and everyday payments – helping them become their customers’ preferred choice. This product also helps our clients boost account primacy and capture more recurring revenue. Learn how it works: galileo-ft.com/news/galileo-d… #Payments #EmbeddedFinance