Search Results for: fig

Mike Cagney’s Figure Technologies Applies For U.S. National Bank Charter & Announces New CEO For Figure Bank

Figure Technologies, a lending platform that uses blockchain technology, announced on Friday it has applied for a U.S. national bank charter The fintech is now seeking the Office of Comptroller of the Currency’s approval to offer home equity loans and financing services across the U.S…. Read More

First of its Kind. Republic Reg A+ Offering Approved for Fig Game Console, Investors Receive Cut of the Action

Last April in a significant strategic move, Republic acquired Fig – a crowdfunding platform for video games that issued securities under Reg A+. Republic is a leading investment crowdfunding platform in the US that continues to add new verticals and products as it builds out… Read More

AI, Big Data, and Blockchain Firm Bianjie Partners Wuhan Run He De Kang to Implement DLT Solution for Fighting COVID-19

Bianjie and the Wuhan Run He De Kang (RHDK) have partnered to implement a blockchain or distributed ledger technology (DLT) enabled Epidemic Early Warning System, in order to help in the fight against Covid-19. As mentioned in the announcement, Wuhan RHDK is a healthcare-focused, Big… Read More

VeChain Confirms it’s Engaged in Fight Against COVID-19, has Partnered with Sam’s Club in China to Launch DLT based Traceability Solution

VeChain, the developer of blockchain-based solutions for enhancing supply chain management processes (among other use cases), has published its Financial Executive Report. VeChain says that it regularly releases its comprehensive financial report to promote greater “transparency, openness, and fairness.” The VeChain team noted that its… Read More

PayPal Commits $530 Million to Support Black Businesses, Strengthen Minority Communities, & Fight Economic Inequality

PayPal (NASDAQ: PYPL) announced on Thursday it has made a $530 million commitment to support Black and minority-owned businesses and communities in the U.S., especially those hardest hit by the pandemic, to help address economic inequality. PayPal reported as part of its investment, it is… Read More

Report Claims Misconfigured AWS S3 Bucket Leads to Payment App BHIM Data Leak, Company Denies Any Data Breach

  BHIM, or Bharat Interface for Money, an India based payment app may have experienced a massive data leak according to a post by VPNMentor. The site claims that a misconfigured AWS S3 Bucket has exposed the information of over 7 million individuals. BHIM has… Read More

HM Treasury Posts Figures on COVID-19 Support Schemes, Over £22 Billion in Lending

HM Treasury has provided an update on the progress of the various COVID-19 support programs that have been put in place in the last two months. According to the UK government:   8 million jobs have now been furloughed with £11.1 billion claimed so far… Read More

Turkey’s Digital Invoice Financing Fintech Figopara Secures $1 Million in Capital via Second Funding Round

Turkish Fintech firm Figopara confirmed on May 7, 2020, that it has secured $1 million in funding from its second investment round. Existing investors World Bank’s International Finance Corporation (IFC) and Turkish angel investor Revo Capital took part in Figopora’s latest round. Founding partners Ahmet… Read More

Decentralized Cloud Network Storj to Offer Five Pentabytes of Data Storage to Organizations Conducting Research Related to Fighting COVID-19

Storj, a decentralized data storage network, has introduced a program that offers free cloud storage space to organizations taking part in Coronavirus (COVID-19) research. Storj’s program has been launched after contributions were made by blockchain industry participants toward the decentralized scientific research network, [email protected] The… Read More

Huge: Republic Acquires FIG Game Crowdfunding Platform

Republic, an offshoot of AngelList and sister company to CoinList, has acquired FIG – a securities crowdfunding platform in the gaming space. Details of the acquisition were not immediately available. Founded by Justin Bailey, Republic states that he will stay actively involved as a Fig… Read More

Tencent Announces Expansion of Collaboration with World Health Organization to Fight COVID-19 Outbreak

Tencent Holdings Limited, a leading provider of Internet value-added services based in China, announced on Friday it is deepening its collaboration with the World Health Organization (WHO) through a $10 million donation to WHO’s COVID-19 Solidarity Response Fund, as well as an agreement to open… Read More

How Fintech Can Help Fight the Coronavirus

It wasn’t supposed to be this way. Our biggest concern this year was going to be the Presidential election, or for some of us the Tokyo Olympics or the Warriors missing the NBA playoffs. Instead, the world’s population is experiencing an unprecedented shock that is… Read More

COVID-19 Financial Relief: Standard Chartered to Provide $1 Billion in Capital to Companies Fighting Coronavirus

London-based Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has reportedly committed $1 billion in capital to companies that are helping to address the economic challenges due to the Coronavirus (COVID-19). There are now many companies… Read More

European Crowdfunding Platform Aescuvest Fights Spread of COVID-19 with #TakeBackControl Campaign

Aescuvest international GmbH has issued a call to crowdfunding platforms to fight the global threat of the Coronavirus or COVID-19. aescuvest has issued a call to support programs to mitigate the economic impact of the pandemic and to promote and fund innovations that may help… Read More

Fast Growing Figure Reports Completion of First Asset-Backed Securitization on Blockchain, Saves Over 100 BPS

Calling it a turning point for the blockchain sector, Figure has completed the first asset-backed securitization using blockchain. The transaction reportedly saved over 100 basis points thus representing a dramatic cost reduction. In a world populated with thousands of blockchain-focused firms, Figure represents a prominent… Read More

Fintech Figure Says Business Booms Following Rate Cut, 300% Surge in Loans

Figure Technologies, Inc., a blockchain-based lending platform, says the recent Fed rate cut has been good for business. In fact, Figure is reporting a whopping 300% increase in loan applications hurdling loans funded to over $1 billion. 30 year fixed interest rates on mortgages were… Read More

Figure Technologies Introduces New “Blockchain” Character Who Explains Benefits of DLT in Order to Help Firm Compete with Financial Giants

Lending firm Figure Technologies is betting on an animated character, called “Blockchain,” which the firm is hoping will allow it to become more competitive against large financial institutions which currently control most of the businesses that the startup is planning to transform. As explained via… Read More

Insurtech Startup Figo Pet Insurance Receives $5 Million Investment From Independence American Insurance Company For 4% Equity Stake

U.S.-based insurtech startup, FIGO Pet Insurance recently announced it received a $5 million investment for a 4% equity stake from underwriting partner Independence American Insurance Company (IAIC), a member of the IHC Group, placing Figo’s valuation at $125 million. FIGO offers a combination of comprehensive insurance policies to protect… Read More

CipherTrace Partners with Newly-Formed Anti-Human Trafficking Intelligence Initiative to Further Organization’s Efforts to Fight Human Trafficking

CipherTrace, an established provider of cryptocurrency-related intelligence and blockchain security solutions, recently revealed that it will team up with the newly-formed Anti-Human Trafficking Intelligence Initiative (ATII), in order to further the organization’s efforts related to fighting global human trafficking. Pamela Clegg, director of financial investigations… Read More

Mike Cagney’s Figure Technologies Now Offering Student Loans Using Blockchain Tech

Figure Technologies, a lending platform that uses blockchain technology, is now offering student loan refinancing. Figure’s initial products included HELOC’s (home equity loans) and mortgage refinancing. Figure is the creation of Mike Cagney, founder of SoFi – a Fintech that started with the student lending… Read More

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