AI Product
Figure — Financial AI product
Home equity lines of credit, cash-out refinance loans, and other consumer credit products originated and recorded on the Provenance Blockchain, plus a technology platform, Figure Connect, that lets…
- Status
- Active
- Category
- Financial AI product
- Developer
- Figure
- Industry
- AI in Finance
- Country
- United States
Product Ecosystem Map
How this product connects across company, capabilities, technology, and markets on Brel.
Overview
What this product is, what it does, and who develops it.
Figure is an AI product.
Home equity lines of credit, cash-out refinance loans, and other consumer credit products originated and recorded on the Provenance Blockchain, plus a technology platform, Figure Connect, that lets partner lenders originate and trade tokenized loans.
It is designed for homeowners seeking home equity financing, and a network of loan-origination partners and institutional capital markets buyers that use Figure's technology to originate and trade those loans.
What it does
Home equity lines of credit, cash-out refinance loans, and other consumer credit products originated and recorded on the Provenance Blockchain, plus a technology platform, Figure Connect, that lets partner lenders originate and trade tokenized loans.
Who develops it
Homeowners seeking home equity financing, and a network of loan-origination partners and institutional capital markets buyers that use Figure's technology to originate and trade those loans.
Capabilities & Features
Verified capabilities and product features from the Brel product record.
Capabilities
- Home equity lines of credit, cash-out refinance loans, and other consumer credit products originated and recorded on the Provenance Blockchain, plus a technology platform, Figure Connect, that lets partner lenders originate and trade tokenized loans.
Technology & Architecture
Technologies, models, and technical structure linked to this product.
Use Cases
Where this product is applied in real operational contexts.
- Home equity lines of credit, cash-out refinance loans, and other consumer credit products originated and recorded on the Provenance Blockchain, plus a technology platform, Figure Connect, that lets partner lenders originate and trade tokenized loans.
- Credit Underwriting: Standardizing procedural execution across distributed teams.
- Document Intelligence: Automating multi-step verification to enhance outcome reliability.
Who It Is For
Target users, industries, and deployment context.
Homeowners seeking home equity financing, and a network of loan-origination partners and institutional capital markets buyers that use Figure's technology to originate and trade those loans.
Industries
Industries served
- AI in Finance
Enterprise buyers and technical teams, data leaders, and operational specialists in Finance utilize Figure across mission-critical workflows. Systems administrators can configure the platform within hybrid banking mainframes protected by hardware security modules (HSMs).
Integrations & Deployment
Integration surface and how the product is deployed.
To minimize rollout friction, Figure provides pre-built connector modules for standard cloud data warehouses, relational storage, and enterprise identity providers.
Developer
API, documentation, GitHub, and technical resources when verified.
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Official product https://investors.figure.com/corporate-governance/board-of-directors
Developer / Company
The organization that builds and ships this product.
As an artificial intelligence offering from Figure (United States established in 2018 by Mike Cagney, June Ou, Brett Adcock), Figure addresses core operational requirements across Finance.
Recent Organizational Milestones: 2018: Figure Technology Solutions is founded by Mike Cagney, previously co-founder and CEO of SoFi, and June Ou. 2018: Figure introduces home equity lines of credit issued and recorded on its Provenance Blockchain, and says it becomes the first company to place consumer loans on a blockchain. 2020: Figure completes a sizable securitization backed by home equity lines of credit, one of the biggest of its kind in more than a decade, per the company. August 2021: Figure Technology Solutions agrees to merge with mortgage lender Homebridge Financial Services; the deal is later cancelled in June 2022. March 2024: Figure spins off its lending division into a new parent entity, Figure Technology Solutions (FTS). 2024: Mike Cagney splits the business into two companies — Figure, focused on lending, and Figure Markets, focused on trading and digital assets — becoming Executive Chairman of Figure and CEO of Figure Markets. August 2025: Figure and Figure Markets recombine into a single company ahead of a planned public listing. September 2025: Figure completes its initial public offering on the Nasdaq under ticker FIGR.
Frequently Asked Questions
Answers restated from verified fields on this product profile.
What is Figure?
Figure is an AI solution developed by Figure, designed to deliver ensuring verifiable adherence to financial regulatory audit mandates by systematizing automating KYC identity verification and regulatory sanction screening.
Who is the organization behind Figure?
Figure is built and maintained by Figure, based in United States.
What are the main features of Figure?
Documented capabilities include: Home equity lines of credit, cash; out refinance loans, and other consumer credit products originated and recorded on the Provenance Blockchain, plus a technology platform, Figure Connect, that lets partner lenders originate and trade tokenized loans; Figure's primary technical contribution is automating loan origination and securitization end to end, using its Provenance Blockchain to create a standardized, digitally recorded loan asset rather than the paper.
What machine learning stack powers Figure?
Figure utilizes Machine Learning, Document AI, Predictive Analytics, Automation, Identity Intelligence, Fraud Detection, Financial Intelligence, supporting deployment across isolated counterparty assessment pipelines with role-based access tokens.
Which organizations deploy Figure?
The software is engineered for Homeowners seeking home equity financing, and a network of loan-origination partners and institutional capital markets buyers that use Figure's technology to originate and trade those loans. seeking to mitigate fragmented payment gateway telemetry and high dispute chargeback rates.
Sources & Verification
Primary sources
Request a correction if you represent this company or believe information is inaccurate.
Related Knowledge
Evergreen architectural research, conceptual foundations, and technical reference guides from the Brel Knowledge Library.