PYMNTS
01 Jun 2026, 19:30 UTC · 3h ago
SoFi Appoints Visa Vet Kathleen Pierce-Gilmore as President
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PYMNTS
01 Jun 2026, 19:30 UTC · 3h ago
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Story key points
2 claims · impact-rated
SoFi has launched its U.S. dollar-backed stablecoin, SoFiUSD, allowing its nearly 15 million members to trade and hold the asset via its app. — Integrating blockchain-based value movement for a massive user base diversifies revenue streams and increases platform stickiness.
+0.60SoFi appointed former Visa executive Kathleen Pierce-Gilmore as president of technology solutions. — Hiring a veteran from Visa, PayPal, and Capital One suggests a strategic push to enhance SoFi's core banking infrastructure and technology scaling.
+0.30Ticker attribution
Model heads
The company is hiring a high-level executive from Visa and expanding its product offerings with the launch of SoFiUSD.
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Mention of a significant $20 billion investment in the UK.
[mutual] Both operate in the financial services and payment solutions sector, evidenced by the movement of an executive between them.
[mutual] Both operate in the consumer finance and payments space.
[mutual] Both are providers of banking and credit services.
[mutual] Both provide digital financial services and payment solutions.
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