Mike Cagney launches blockchain for loan trading. Are the banks going to go there? – American banker
Online lending startup Figure, led by former SoFi CEO Mike Cagney, is launching a blockchain-based marketplace for buying and selling consumer loans.
The idea is to provide transparency, proof of loan performance, provenance (in other words, reliable information about who owned or owns an asset at any given time), reduced costs and easier audits. for buyers and sellers of loans using…
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