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Highline is a new payment method that ties a consumer`s paycheck to repayment of a loan or other bill. It works with any kind of recurring payment including utility bills, cell phone, and virtually any kind of consumer loan. Lenders can decrease missed payments by up to 2/3rds, reduce default rates by more than half, expand customers` credit options and better support financial wellness. Built by subject matter experts, data scientists and technologists, Highline`s solution unleashes the power of payment automation to help lenders and financial institutions expand the pool of potential borrowers.
MGT and its subsidiaries are principally engaged in the business of acquiring, developing and monetizing intellectual property assets. MGT`s portfolio currently includes social casino and gaming platforms, and ownership stakes in DraftDay.com, a top daily fantasy sports wagering platform and DraftDay Fantasy Sports, Inc. operator of an online entertainment marketing and rewards platform. MGT also recently announced the acquisition of certain technology and assets from D-Vasive Inc., a provider of leading edge anti-spy software. In conjunction with the acquisition, The Company also announced the proposed appointment of John McAfee as Executive Chairman and Chief Executive Officer. Further, MGT Capital also intends to change its corporate name to John McAfee Global Technologies, Inc. Closing of the acquisition is contingent on customary conditions including approval by MGT`s stockholders.
FIP, LLC is a Pension Cash Advance Originator that specializes in analyzing, acquiring and managing a broad range of assets and is the industry leader and innovator in buying and selling secondary market pension cash flows, often referred to as Structured Cash Flows. The company has a global footprint of over 200 employees, including executive management with experience in the mortgage and financial industries. FIP offers buyers a unique model of risk mitigation which includes a proprietary underwriting process, diversification within each purchase, short- and long-term reserves and seasoned collections capabilities.