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Fintech focus: Figure Technologies launches blockchain-powered loan marketplace

S&P Global Market Intelligence rounds up financial technology companies' recent product launches, partnership announcements and fundraising activity, as well as regulatory developments in the financial technology space. For more fintech news, click here.

Banking and lending

Montebello, N.Y.-based Sterling National Bank, the operating bank subsidiary of Sterling Bancorp, collaborated with artificial intelligence software company IPsoft Inc. to introduce Skye, a virtual customer service agent that will use natural language understanding to automate contact centers.

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Canadian financial technology company Mogo Inc. and Lendful Financial Inc., a unit of Peoples Trust Co., entered into a referral agreement to allow Mogo members access to Lendful's loan products through the Mogo app.

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On Deck Capital Inc. unit ODX LLC launched a new platform, Digital Account Opening, to support contactless, online banking by enabling banking services from online checking to lending for financial institutions.

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Wilmington, Del.-based Bancorp Bank, a unit of The Bancorp Inc., joined the roster of lenders on Envestnet Inc.'s credit exchange to offer financial advisers access to automated securities-backed loan origination.

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Digital customer service provider Glia Inc. partnered with MeridianLink Inc., a developer of multi-channel account opening and loan origination platforms, to bring digital customer service to MeridianLink's bank and credit union clients.

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Ally Lending, the personal lending arm of Sandy, Utah-based Ally Bank, a unit of Ally Financial Inc., partnered with Mastercard Inc.'s alternative financing platform Vyze. This makes Ally Lending the first installment loan lender on the Vyze platform and marks Ally's entrance into point-of-sale retail financing.

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Pleasanton, Calif.-based 1st United Services CU selected Jack Henry & Associates Inc.'s Episys as well as its Banno Digital Platform to offer more financial offerings and improved service to its members.

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Figure Technologies Inc. launched the first loan marketplace that facilitates the buying and selling of loans through its Provenance blockchain platform. Figure is seeking additional originators and investors to buy and sell assets in the Provenance Loan Marketplace.

Payments

MoneyGram International Inc. is teaming up with fintech payment network Thunes to enable MoneyGram's customers to send money directly to mobile wallets and bank accounts globally through the MoneyGram platform. Additional payment services will be rolled out in two phases, with the first being focused on Africa and the second on the Asia-Pacific region and Latin America.

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Bill.com Holdings Inc., a provider of cloud-based software, and KeyCorp introduced Key CashFlow, an online banking solution aimed at streamlining payments for small businesses and commercial customers.

Trading and investing

Bank of New York Mellon Corp.'s Pershing partnered with alternative investment platform sponsors CAIS Capital LLC and iCapital Network Inc. to eliminate manual steps and reduce possible human errors in the uploading of documents into its platform for investment advisers.

Insurance and healthcare

Insurance technology provider Majesco went live with the latest version of Salesforce Sales Cloud to help standardize sales processes, reduce manual efforts throughout the sales cycle while providing pipeline, and forecast visibility to sales, marketing, partner, delivery and finance leaders across the organization.

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WEX Inc. launched Let's Chat, an artificial intelligence-driven chatbot that serves as a virtual assistant that quickly answers questions of benefits plan participants on their benefit accounts 24/7.