Tagged: mike cagney

November 25, 2022 @ 7:49 pm By JD Alois  |  

While there has long been much discussion about the benefits of crypto and blockchain, too frequently, these comments ignore regulation and a need for a compliant environment that instills confidence from all sides of the equation. This has undermined the public perception of blockchain technology… Read More

October 30, 2022 @ 8:40 pm By Omar Faridi  |  

Figure Technologies, Inc. and Hamilton Lane (NASDAQ: HLNE) are preparing to launch three new share classes of Hamilton Lane’s private markets-focused fund registered under the Investment Company Act of 1940 that “digitize the fund share ownership record on the Provenance Blockchain using Figure’s Digital Fund… Read More

September 21, 2021 @ 8:51 pm By Tony Zerucha  |  

Blockchain-based fintech Figure today announced the completion of a digital securities transaction using Figure ATS, an alternative trading system that is registered with the U.S. Securities and Exchange Commission and that is part of Figure’s Marketplace trading platform. The trade included the minting of a… Read More

September 17, 2021 @ 3:59 pm By Tony Zerucha  |  

New York Community Bancorp this week announced its banking subsidiary, New York Community Bank, successfully completed a new digital payment process through the creation of a blockchain-based digital marker. It allows Figure Technologies to conduct real-time secondary trading in digital shares of its stock utilizing… Read More

August 10, 2021 @ 12:06 pm By Tony Zerucha  |  

Fintech software company Sagent, which modernizes mortgage and consumer loan servicing for American financial institutions, today announced two major strategic deals with digital lending and payments firm Figure. Sagent will power Figure’s mortgage servicing services, and the firms will partner to accelerate Figure’s blockchain vision…. Read More

August 3, 2021 @ 3:50 pm By JD Alois  |  

Figure, a financial services firm utilizing blockchain technology, has announced a merger with Homebridge Financial Services. Figure was founded by CEO Mike  Cagney, the founder of publicly-traded SoFi, a Fintech unicorn. The terms of the deal were not revealed. At the end of July, Figure… Read More

July 28, 2021 @ 9:38 pm By Tony Zerucha  |  

Blockchain-based financial services provider Figure officially closed its $200 million Series D, leaving it with a $3.2 billion valuation. New investors including entities and funds associated with affiliates of Apollo Global Management, Blockchain.com, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management… Read More

July 22, 2021 @ 9:53 pm By Omar Faridi  |  

Provenance is a Cosmos-powered blockchain whose goal is to create a “vibrant” ecosystem of decentralized financial (DeFi) services for a variety of financial institutions such as asset originators, fund managers, servicers, banks, and investors. The Proof of Stake (PoS) blockchain is “distinguished by three elements:… Read More

May 20, 2021 @ 10:00 am By Omar Faridi  |  

Figure Technologies, Inc., which aims to transform financial services by leveraging the power of blockchain tech, has finalized a $200 million Series D round at a $3.2 billion valuation. 10T Holdings and Morgan Creek Digital have reportedly co-led the investment round. They’ve been joined by… Read More

May 17, 2021 @ 10:52 pm By Omar Faridi  |  

Figure Securities, a division of the digital lending service provider Figure Technologies, has reportedly acquired approval from the US Securities and Exchange Commission (SEC) to serve as a broker-dealer and also operate as an SEC-registered Alternative Trading System for digital securities that are custodied on… Read More

May 12, 2021 @ 12:23 pm By Samantha Hurst  |  

Figure Technologies, a lending platform that uses blockchain technology, announced on Wednesday its subsidiary, Figure Securities, Inc. has become a FINRA-approved broker-dealer and an SEC-registered Alternative Trading System (ATS) for digital securities custody on Provenance Blockchain. As previously reported, Figure is the creation of Mike… Read More

January 15, 2021 @ 1:32 pm By JD Alois  |  

Figure Technologies, Inc., founded by prominent Fintech entrepreneur Mike Cagney, has received $100 million from JPMorgan (NYSE:JPM) to finance jumbo mortgages, according to a release. Figure uses blockchain technology to reduce friction and cost to the loan origination process. Figure notes that this is the… Read More

December 22, 2020 @ 9:55 pm By JD Alois  |  

The Conference of State Bank Supervisors (CSBS) has filed a lawsuit against the Office of the Comptroller of the Currency (OCC), as well as Acting Comptroller Brian Brooks, regarding the agency’s ability to issue federal bank charters to Fintechs. The complaint mentions Figure Technologies, a… Read More

December 3, 2020 @ 10:27 pm By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC), an independent bureau within the US Treasury Department that serves to charter, regulate, and supervise all national banks and several other types of institutions, had introduced a specialized bank charter in 2018 that would not have… Read More

November 6, 2020 @ 3:09 pm By Samantha Hurst  |  

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

March 12, 2020 @ 8:16 am By JD Alois  |  

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

March 10, 2020 @ 3:16 pm By JD Alois  |  

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

February 12, 2020 @ 2:58 pm By Omar Faridi  |  

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

November 4, 2019 @ 12:24 pm By JD Alois  |  

Ron Suber is one of the better-known names in the Fintech sector. Originally, Suber’s role as the President of the marketplace lending platform Prosper Marketplace brought Suber’s name to prominence as the Fintech emerged as an early leader in the US online lending market. Since… Read More

October 27, 2019 @ 5:24 pm By JD Alois  |  

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