Figure Technologies

Figure Announces Expansion of Digital Fund Listing Business Alongside Leading Asset Managers

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Tuesday, November 22, 2022

SAN FRANCISCO, Nov. 22, 2022 /PRNewswire/ -- Figure Technologies, Inc. ("Figure") today announced that leading asset managers Apollo (NYSE: APO) and Hamilton Lane (NASDAQ: HLNE) have launched digitally native investment vehicles using Figure's Digital Fund Services ("DFS"). The DFS platform supports on-chain fund subscriptions as well as ongoing fund operations and administration.

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SAN FRANCISCO, Nov. 22, 2022 /PRNewswire/ --Figure Technologies, Inc. ("Figure") today announced that leading asset managers Apollo (NYSE: APO) and Hamilton Lane (NASDAQ: HLNE) have launched digitally native investment vehicles using Figure's Digital Fund Services ("DFS").
In using Figure DFS, asset managers seek to capitalize on the opportunity for increased accessibility and digital onboarding, liquidity through a digital marketplace, and real-time digitalization of operations.
Post-close, capital calls and distributions are also managed on-chain to reduce the operational burdens associated with fund cash management.
Figure will continue to work with industry participants and the managed fund community to best leverage blockchain technology across all fund types and life cycles.

Oppenheimer & Co. Inc. Announces Upcoming 5th Annual Blockchain and Digital Assets Summit

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Wednesday, November 16, 2022

NEW YORK, Nov. 16, 2022 /PRNewswire/ -- Oppenheimer & Co. Inc. ("Oppenheimer") – a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) – today announced that its fifth annual Blockchain and Digital Assets Summit: Web 3.0 and the Creator Economy, will be held tomorrow, November 17. The virtual event will feature a high-profile group of companies leading the ongoing development of the blockchain ecosystem, including Blockchain.com, Coinbase, Fidelity Digital Assets, and Silvergate Capital Corporation. You can register here.

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The virtual event will feature a high-profile group of companies leading the ongoing development of the blockchain ecosystem, including Blockchain.com, Coinbase, Fidelity Digital Assets, and Silvergate Capital Corporation.
The Summit will include presentations, panels and 1-on-1 meetings covering important trends in the blockchain and digital assets ecosystem, including applications of DeFi and NFTs, payments and remittances, capital markets infrastructure, the regulatory landscape and more.
Fidelity Digital Assets, a subsidiary of Fidelity Investments that operates as a separate business, dedicated to building products and services that help institutions adopt digital assets and innovate within the increasingly digital world of finance.
Erica L. Moffett, Managing Director and Associate Director of Research at Oppenheimer, said, "We are thrilled to welcome the trailblazing group of companies, investors and speakers attending our fifth annual Blockchain and Digital Assets Summit.

Figure Technologies Launches Ready Life Partnership to Increase Mortgage Access

Retrieved on:

Thursday, November 10, 2022

SAN FRANCISCO, Nov. 10, 2022 /PRNewswire/ -- Figure Technologies, Inc., a leader in transforming financial services through the power of blockchain technology, announced the launch of its partnership with Ready Life, a rising fintech disrupting the mortgage industry. Through their mobile app, customers of Ready Pay can apply to obtain a mortgage without a credit score, leveling the playing field for many consumers looking to own a home.

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SAN FRANCISCO, Nov. 10, 2022 /PRNewswire/ -- Figure Technologies, Inc., a leader in transforming financial services through the power of blockchain technology, announced the launch of its partnership with Ready Life, a rising fintech disrupting the mortgage industry.
On the Ready Pay platform, customers who pay their rent on time using the Ready Pay Visa Debit Card or Ready Pay digital account will qualify for mortgages without a credit score review.
"For too long, people who consistently pay their rent on time have been shut out of home ownership," states Ashley D. Bell, the CEO of Ready Life.
Figure Payments Corporation, known as Figure Pay, delivers Banking as a Service (BaaS) offerings through a highly scalable, quickly deployable API-driven platform.

Hamilton Lane Partners with Figure to Launch First Private Markets-Focused, Blockchain-Native Registered Investment Fund

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Wednesday, October 26, 2022

SAN FRANCISCO and CONSHOHOCKEN, Pa., Oct. 26, 2022 /PRNewswire/ -- Figure Technologies, Inc. ("Figure") 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 ("1940 Act") that digitize the fund share ownership record on the Provenance Blockchain using Figure's Digital Fund Services ("DFS") platform.

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SAN FRANCISCO and CONSHOHOCKEN, Pa., Oct. 26, 2022 /PRNewswire/ -- Figure Technologies, Inc. ("Figure") 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 ("1940 Act") that digitize the fund share ownership record on the Provenance Blockchain using Figure's Digital Fund Services ("DFS") platform.
Hamilton Lane, one of the largest private markets investment firms globally, first filed for the new share classes on October 26, 2022, for its Private Assets Fund ("PAF" or the "Fund").
Hamilton Lane is initially using DFS to streamline the primary issuance process and plans to launch two additional closed-end private market funds on the DFS platform in the coming months.
Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to institutional and private wealth investors around the world.

Figure Technologies Announces the Launch of Its Banking and Payment Business

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Wednesday, September 7, 2022

Figure Technologies, USDF, Science and technology in Asia, CEO, Technology, SAN, SoFi, Mobile backend as a service, Leadership, Blockchain, Ecosystem, Industry, Efficiency, Cryptocurrency, Bank, Figure, Visa

SAN FRANCISCO, Sept. 7, 2022 /PRNewswire/ -- Figure Technologies, Inc., a pioneer in financial technology, transforming banking through blockchain, announced the launch of its new banking and payment business, Figure Payments Corp. Known as Figure Pay, the subsidiary of Figure will deliver Banking as a Service (BaaS) offerings through a highly scalable, quickly deployable application programming interface-driven platform.

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SAN FRANCISCO, Sept. 7, 2022 /PRNewswire/ -- Figure Technologies, Inc., a pioneer in financial technology, transforming banking through blockchain, announced the launch of its new banking and payment business, Figure Payments Corp.
Known as Figure Pay, the subsidiary of Figure will deliver Banking as a Service (BaaS) offerings through a highly scalable, quickly deployable application programming interface-driven platform.
Figure Pay offers two platform alternatives, one focused on fintech, non-banks, and retailers, and one for banks.
Figure continues to unveil a series of fintech firsts across the capital markets, investment management, and banking and payments sectors.

Figure Announces Collaboration with Visa to Add Issuing Processing to its Banking in a Box Platform

Retrieved on:

Wednesday, August 10, 2022

SAN FRANCISCO, Aug. 10, 2022 /PRNewswire/ -- Figure Technologies, Inc., a leader in transforming financial services through the power of blockchain technology, announced a new collaboration with Visa to provide issuing processor services via Figure's blockchain-based Banking in a Box platform.

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Today's collaboration with Visa will help anchor our Banking in a Box offerings for consumers, small businesses, and community banks."
Banking in a Box is a platform built on the Provenance Blockchain, an open-source blockchain.
The blockchain replaces a traditional core banking system, providing Figure's customers with zero cost core system economics, while the Banking in a Box platform easily integrates with Visa, ACH, and rewards platforms.
Figure continues to unveil a series of fintech firsts across the capital markets, investment management and banking and payments sectors.

Ready Life Fintech Platform Poised to Disrupt Mortgage Industry by Providing Loans That Require No Credit Score

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Tuesday, July 26, 2022

SALT LAKE CITY, July 26, 2022 /PRNewswire/ -- The modern-era consumer credit score system is broken, locking millions of potential homeowners out of the American dream. Ready Life, a new fintech backed by Figure Technologies Inc., is pioneering a revolutionary mortgage lending model that relies on good rental payment history to qualify buyers for home purchases.

Key Points:

Ready Life, a new fintech backed by Figure Technologies Inc., is pioneering a revolutionary mortgage lending model that relies on good rental payment history to qualify buyers for home purchases.
When the Ready Life platform launches this Fall, consumers who pay their rent on time using the Ready Pay VisaDebit Card will qualify for mortgages without a credit score review.
Figure is the leader in blockchain-based fintech infrastructure and has developed backend technology that will enable Ready Life customers to benefit from faster, less expensive transactions.
With Ready Mortgage, customers who pay their rent on time using the Ready Pay Debit Card, can qualify for a mortgageno credit score needed.

Figure Technologies, Inc. Selects Trillium Labs' Surveyor for Blockchain Trade Surveillance

Retrieved on:

Wednesday, July 20, 2022

Figure Technologies is the first blockchain client of Surveyor, which has been steadily growing its digital asset coverage.

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Figure Technologies is the first blockchain client of Surveyor, which has been steadily growing its digital asset coverage.
The Surveyor enterprise trade surveillance solution enables us to continue fulfilling our regulatory obligations, while also helping protect the integrity of the Figure ATS," said Brian Vecchio, Figure Marketplace's BSA/AML Officer.
Director of Product Melissa Watras said, "We are beyond honored to have Figure as our first Blockchain client.
Surveyor's value proposition uses a two-fold approach to reduce your organization's trade surveillance costs.

FairPlay Raises $10 Million in Series A Funding to Reduce Bias in Lending

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Tuesday, July 19, 2022

LOS ANGELES, July 19, 2022 /PRNewswire/ -- FairPlay, the world's first "Fairness-as-a-Service" solution for algorithmic decision-making, today announced that it has raised $10 million in Series A funding. The round was led by Nyca Partners, with participation from Cross River Digital Ventures, Third Prime, Fin Capital, TTV, Nevcaut Ventures, Financial Venture Studio and Jonathan Weiner.

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LOS ANGELES, July 19, 2022 /PRNewswire/ -- FairPlay , the world's first "Fairness-as-a-Service" solution for algorithmic decision-making, today announced that it has raised $10 million in Series A funding.
"Fairness-as-a-Service" provider raises $10 million to reduce algorithmic bias for historically disadvantaged groups.
FairPlay uses AI fairness techniques to reduce algorithmic bias for people of color, women and other historically disadvantaged groups.
Launched in 2020 in response to calls for greater action against systemic bias, FairPlay offers technology solutions to enhance fairness in financial services and other industries.

Forge Global Appoints President of Figure Technologies, Inc. Asiff Hirji to its Board of Directors

Retrieved on:

Thursday, June 2, 2022

Forge Global Holdings, Inc. (NYSE: FRGE) (Forge), a global private securities marketplace, announced today the appointment of Asiff Hirji to its Board of Directors, effective as of June 1.

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Forge Global Holdings, Inc. (NYSE: FRGE) (Forge), a global private securities marketplace, announced today the appointment of Asiff Hirji to its Board of Directors, effective as of June 1.
Mr. Hirji has served as the President of Figure Technologies, Inc., a blockchain-based home equity lender, since January 2020.
Mr. Hirji was also previously a member of the board of directors of Forge Global, Inc. from November 2019 until the Companys business combination on March 21, 2022.
Securities-related services are offered through Forge Securities LLC (Forge Securities), a wholly-owned subsidiary of Forge.