The Federal Reserve’s renewed push to tighten oversight, modernize its rulebook and bring blockchain activity firmly under the regulatory umbrella is putting fintech stocks in the spotlight. For investors, this is a moment to reassess which companies could benefit from clearer rules, stronger security expectations and closer links to digital payments and crypto infrastructure, and which might face heavier compliance burdens. This article looks at 3 stocks from a fintech focused screener that are directly exposed to these regulatory shifts, outlining how the latest Fed and government moves could influence their risk profile and long term appeal.

SoFi Technologies (SOFI)

Overview: SoFi Technologies is a San Francisco based digital finance platform that combines a consumer "all in one" app for borrowing, saving, spending, investing and insurance with a behind the scenes technology business that powers banking and payments for other institutions through its Galileo and Technisys platforms.

Operations: SoFi generates about US$2.1b from Lending, US$1.6b from Financial Services, and US$421.9m from its Technology Platform, partly offset by a US$225.3m loss in Corporate/Other.

Market Cap: US$23.4b

SoFi Technologies sits at the intersection of tighter Fed oversight and the shift to digital finance. This matters because it already operates under a full bank style regulatory framework while building products like SoFiUSD, AI powered tools such as SoFi Coach and Composer, and small business lending that deepen engagement with its 14.7 million members. Strong earnings growth, a five year record of profitability and a broad product suite give the story real substance. However, investors also need to weigh a high P/E, reliance on external funding rather than deposits and the impact of past share dilution. For readers watching how stricter blockchain and banking rules could reshape fintech, there is much more to unpack about how SoFi’s model might benefit from that shift.

SoFi’s mix of full bank oversight, high P/E and a broad product engine has investors asking whether growth is outrunning risk or the other way around. The 2 key rewards and 2 important warning signs (1 is major!) could be the twist in that story you do not want to miss.

Paysign (PAYS)

Overview: Paysign is a Henderson based fintech company that designs and runs prepaid card programs, patient affordability solutions, digital banking products and payment processing services for businesses, healthcare providers, pharmaceutical companies, government bodies and consumers across the United States.

Operations: Paysign generates about US$91.5m from being a vertically integrated provider of prepaid card products and processing services, all from customers in the United States.

Market Cap: US$461.8m

Paysign operates in a part of fintech that regulators are aiming to make safer and more transparent, which puts its prepaid and healthcare focused payment programs directly in the spotlight as the Fed tightens rules around security and oversight. Revenue and earnings have both moved higher in recent years, supported by patient affordability programs, plasma donor compensation cards and a growing mix of digital disbursement use cases. Net margins and earnings quality have also been described as strong. At the same time, a high P/E multiple, heavy reliance on plasma related activity and funding that comes entirely from external borrowing instead of deposits mean investors may need to think carefully about how tighter rules and higher compliance expectations could change the risk and reward trade off.

Paysign’s plasma driven growth story and high P/E can look simple at first glance, but the real tension sits in how Fed oversight could reshape its earnings mix. The analysis report for Paysign hints at one underappreciated pressure point that could change how investors frame the whole thesis.

Figure Technology Solutions (FIGR)

Overview: Figure Technology Solutions is a Reno based fintech that uses blockchain to run marketplaces for lending, trading and investing, linking consumer credit and digital assets through products such as its loan origination system, Figure Connect capital markets network and on chain exchanges for tokenized assets and interest bearing stablecoin deposits.

Operations: Figure Technology Solutions currently generates about US$510.4m in revenue from customers in the United States.

Market Cap: US$7.5b

Figure Technology Solutions sits at the heart of the Fed’s push to tighten and formalize blockchain oversight, as it builds a capital light marketplace where home equity, first lien mortgages and crypto backed loans are originated and financed on chain. Rapid revenue and earnings growth, improving margins and rising use of products like Democratized Prime and the YLDS yield bearing stablecoin show how the model is gaining traction with banks and institutional partners, especially as regulators look for cleaner plumbing. Yet investors also need to weigh a very high P/E, heavy dependence on stablecoin and DeFi regulation, fresh leverage from a US$600m notes offering and a relatively young leadership bench. The key issue for investors is how that trade off looks if new rules end up favoring Figure’s infrastructure.

Figure Technology Solutions is building an on chain marketplace that banks appear to be testing, yet many investors still treat it like a niche crypto play. The analyst forecasts for Figure Technology Solutions reveals one crucial tension between traction and regulation that could reshape that view.

The three stocks highlighted here are just a starting point, and the full screener surfaced 24 more companies in the Financial Technology (Fintech) Stocks screener that share similar fintech themes and potentially compelling stories around blockchain, crypto, digital banking and payment solutions. Use Simply Wall St to identify and analyze the specific catalysts, risk profiles and business narratives that matter most to you so you can focus on the fintech opportunities in which you have the highest conviction.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.