Day: December 5, 2020

Mike Cagney is testing the boundaries of the banking system for himself and others – TechCrunch

Founder Mike Cagney is always pushing the envelope, and investors love him for it. Not long sexual harassment allegations prompted him to leave SoFi, the personal finance company that he cofounded in 2011, he raised $50 million for a new lending startup called Figure that has since raised at least $225 million from investors and was valued a year ago at $1.2 billion.

Now, Cagney is trying to do something unprecedented with Figure, which says it uses a blockchain to more quickly facilitate home equity, mortgage refinance, and student and personal loan approvals. The company has applied for a national bank charter in the U.S., wherein it would not take FDIC-insured deposits but it could take uninsured deposits of over $250,000 from accredited investors.

Why does it matter? The approach, as American Banker explains it, would bring regulatory benefits. As it reported earlier this week, “Because Figure Bank would

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PS5 restock: Here’s where and how to buy a PlayStation 5 this week

It’s not too late to try to score a PlayStation 5 this week. Here’s where to look for the elusive PS5 in stores and online, as merchandise restocks arrive around on Sony direct and other sites.

Image: Sony Interactive Entertainment

If you’re still looking for a PS5 for a holiday gift or for yourself, there’s still a chance. I’m in the trenches with you, trying to nab one for my kid, and here’s where I’ve been searching and what I’m finding. I’ll update this article regularly as I find out more information.

Of course finding a PlayStation 5 has been a nightmare since it launched on Nov. 12. Retailers such as Walmart, Meijer, Target and Best Buy sold out fast. Bundles became the way to go, with GameStop, Antonline and Newegg offering bundles starting at $600-plus and even those sold out within an hour or less. 

For those new to

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Microsoft files patent to monitor employees and score video meetings

The system also provides recommendations to improve future meetings such as changing the meeting time, location, and attendees, according to the patent.

Image: iStock/MangostarStudio

In recent months, organizations around the globe have deployed a vast array of surveillance technologies to mitigate the spread of COVID-19 in the workplace. Even post-pandemic workplace monitoring systems may become standard office fare in the years ahead. For example, in October, a Gartner report predicted that 75% of workplace conversations will be “recorded and analyzed” by 2025. A recent Microsoft patent filing signals a similar shift toward a more panoptic office space as part of the new normal of work.

SEE: Report: SMB’s unprepared to tackle data privacy (TechRepublic Premium)

“When you look at companies that are using some type of employee monitoring system and that is scraping emails, to use the camera on your laptop to take pictures of you, to how quickly you’re

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