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SoFi Technologies: Big Banks' Days Are Numbered

Jul. 10, 2021 1:13 AM ETSoFi Technologies, Inc. (SOFI)153 Comments
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Wealth Insights


  • The writing is on the wall for the traditional banking system.
  • Millennials and Generation Z are the rising consumer class that thinks little of traditional financial institutions.
  • SoFi Technologies has an exceptional net promoter score, is growing an all-in-one stack of financial services, and is pursuing a bank charter.
  • Digital banks are the future, and SoFi will be among the winners.

Female hands using smartphone with payment mobile banking online.
Sompong Lekhawattana/iStock via Getty Images

The financial system is one of the largest frontiers in the global economy. So much so that we have heard terms like "fintech" for years, yet the "big banks" and traditional financial institutions continue to hold control over the financial

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Wealth Insights profile picture
I provide straight forward insights on stocks and markets using fundamental analysis and common sense. - Bachelor's degree in Business Administration with a concentration in Financial Analysis. Been investing and following the markets for more than a decade.- Wealth Insights is an investor, and investment author. His content is not geared to anyone's specific investment goals, time horizons, or risk tolerance. Content is for illustrative purposes only, and is not intended to displace advice from a fee based financial adviser. It is not to be taken as investment advice, or influence investor decision making. Accuracy of data is not guaranteed.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SOFI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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