FTB News Desk - FinTecBuzz

Another Top Wall Street Executive Leaves for Blockchain Fintech Startup

FTB News DeskOctober 15, 20185 min

Ann LaCarrubba, former AmEx & Blackstone executive, joins Celsius Network as General Counsel and Chief Compliance Officer Celsius Network, a blockchain-based borrowing and lending platform announced today that Ann LaCarrubba has joined the team as their General Counsel and Chief Compliance Officer. Ann has over 20 years of legal, compliance and governance experience at financial services companies and has worked in senior roles at American Express, Merlon Intelligence and with the Blackstone Group. “Ann is an incredible...

Online Payments Payments

PINTEC Customizes Installment Payment Solution for Global Rehab Technology Leader Permobil

FTB News DeskOctober 11, 20187 min

Partnership marks launch of a creative new approach to the expansion of consumer financing PINTEC Technology Holdings Limited (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced a partnership with Permobil, a global leader in advanced rehab technology. PINTEC will provide Permobil with a creative, customized and efficient installment payment solution that makes it easier for customers in China to purchase wheelchairs and rehabilitation products. PINTEC’s scalable and reliable technology infrastructure,...

Business Tools Financial Software

Broadridge Appoints Tom Carey as President of Global Technology & Operations Segment

FTB News DeskOctober 11, 20186 min

Broadridge Financial Solutions, Inc. (NYSE: BR), an S&P 500 company and global Fintech leader, today announced that Tom Carey has been appointed President of its Global Technology and Operations (GTO) segment. Previously President of Broadridge International, Carey reports directly to Tim Gokey, who will become CEO of Broadridge in January 2019. As President of GTO, Carey will oversee the growth of Broadridge’s core technology business globally across Capital Markets and Wealth and Investment Management. He will continue to serve on Broadridge’s...

Investment Platforms Investments

MPOWER Financing Launches New Initiatives to Support International Students at NYC

FTB News DeskOctober 11, 201811 min

Expert Panel of International Social Investors and Entrepreneurs Weigh-In on Future of Social Impact Investing; First Global Citizen Scholarships Awarded to International Students; Company Introduces Innovative Career Support and Peer-to-Peer Mentoring Programs MPOWER Financing, the innovative fintech provider of educational loans to high-promise international and DACA students, has introduced three new programs to help students finance their education and succeed in their post-graduation job pursuits. These programs – a Global Citizen Scholarship program, career support...

Insurance Insurance – Consumer Platform

New American Funding to Use Black Knight Servicing Digital Solution to Provide an Enhanced Customer Experience

FTB News DeskOctober 11, 201811 min

— The Black Knight Servicing Digital solution will provide consumers with personalized, timely information to help them get the most out of homeownership. — New American Funding consumers will have anywhere, anytime ability to manage their loans and gain easy access to estimated home values, recent neighborhood sales and opportunities to maximize home equity. Black Knight, Inc. (NYSE: BKI) announced today that New American Funding, an independent mortgage lender headquartered in Orange County, California, has signed an agreement to...

Institutional Investment Investments

Ideanomics Closes on Purchase of University of Connecticut’s Former West Hartford Campus

FTB News DeskOctober 10, 201814 min

Ideanomics to convert former UCONN campus into Fintech Village: the company’s global headquarters for technology and innovation — A planned $283 million-plus investment will focus on being an ultra high-speed computing facility and laboratory for developing new and leading edge fintech solutions utilizing artificial intelligence, deep learning, IoT, and blockchain. — Fintech Village will stimulate the highest innovation by boasting the finest in urban design, sustainable and green technologies, and community connectivity factors. — Fintech...

Crypto Currencies

BitFinance adds over 40 years of alternative and cryptocurrency asset management and FinTech experience to its Executive Team

FTB News DeskOctober 10, 201812 min

Michael Conn, Former CEO and Co-Founder of Ether Capital and former COO for Alternative Investment Management at AllianceBernstein brings a successful track record in alternative assets, blockchain, and capital raising. Eli Broverman, Co-Founder of FinTech Unicorn Betterment, provides strategic guidance expertise to help build the first mass-market robo-advisor platform for alternative assets. BitFinance, the technology start-up providing democratized access to institutional grade alternative investments via a proprietary robo-advisor platform, is pleased to announce the appointment...

Investment Platforms Investments

CDPQ and Generation Investment Management make long-term investment in FNZ

FTB News DeskOctober 9, 201813 min

One of the largest global FinTech transactions in 2018 First investment from CDPQ-Generation, the newly-created and unique sustainable equity partnership MONTRÉAL and LONDON, Oct. 9, 2018 /PRNewswire/ – La Caisse de dépôt et placement du Québec (“CDPQ”) and Generation Investment Management LLP (“Generation”) have today announced the acquisition, subject to regulatory approval, of General Atlantic and H.I.G. Capital’s investment in FNZ, in a deal valuing the company at £1.65 billion. The acquisition, which is one of the world’s largest...

Investments

Industry’s Fastest Home Equity Loan Now Available Online from Figure™

FTB News DeskOctober 9, 201812 min

Figure Technologies, Inc. (FigureTM), a FinTech company creating innovative products and tools that empower homeowners to improve their finances, announced today its first product, the Figure Home Equity LoanPLUS. Figure’s flagship product allows consumers to borrow against the equity in their home without the paperwork-intensive, 45-day process most lenders require. Figure offers approval in five minutes, funding in five days — all online. According to a recent Home Equity Report by CoreLogic, homeowners with mortgages have seen their...

Data & Analytics News Research

Fora Financial & Expansion Capital Group Partner With Ocrolus to Automate Underwriting Legwork

FTB News DeskOctober 9, 20188 min

Ocrolus, the emerging leader in analyzing loan documents, today announced integrations with Fora Financial and Expansion Capital Group, two of the fastest-growing online small business lenders. Enabling quicker and more precise loan decisions, Ocrolus has seen rapid adoption since its debut in the small business lending world with flagship customer Strategic Funding Source in May 2017. Following its Series A round highlighted by QED Investors, Ocrolus is quickly growing its customer base and team with laser-focus on the lending...

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