PYMNTS
NOVEMBER 6, 2020
Davies , head of lending at Figure, will spearhead the firm’s initiatives to get a bank charter from the OCC and he will become the Figure Bank chief executive officer, according to Cagney. Davies served as CitiMortgage’s chief executive officer and Citibank’s head of global mortgage in addition to Capital One’s president of home loans.
Bank Innovation
MARCH 9, 2018
EXCLUSIVE – SME lender, BlueVine has come together with cross-border payments provider Veem in a move that is indicative of a likely trend where payments and lending companies come together. For Veem, the partnership will let the blockchain-based payments company allow its U.S.-
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PYMNTS
JANUARY 7, 2019
Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions.
PYMNTS
DECEMBER 24, 2019
And for blockchain, a few warning signs have been flashing that all may not be as rosy as some observers may have hoped, had wanted. This is not to say that blockchain is doomed. Exhibit A, of course, would be Long Island Iced Tea, which back in 2017 said it would change its name to Long Blockchain Corp.,
PYMNTS
MARCH 22, 2019
Small and medium-sized businesses (SMBs) are the lifeblood of many economies — Europe’s among them — and working capital is the lifeblood of SMBs. Yet many firms struggle to gain access to the capital that helps them launch or sustain operations. Many companies, he told PYMNTS, rely on private lending.
PYMNTS
MAY 2, 2018
Blockchain applications may still be a ways away from real-world proliferation, but the technology is certainly beginning to take steps from proof-of-concept phase into beta and pilot testing. This week’s Blockchain Tracker takes a look at some of the latest initiatives to make progress and inch closer to a real-world launch.
PYMNTS
MARCH 10, 2020
dollars against bitcoin holdings kept in the Blockchain Wallet, Coindesk reported. Blockchain Co-Founder and CEO Peter Smith said per the report, “Institutional and retail investors have the same financial goals — grow wealth and manage risks — but the tools at their disposal are vastly different.”.
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