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Fintech’s Third Crisis is Tipping Point to a Digital-Only Future

Fintech Labs Insights

In my 25 years in the fintech space, I’ve had the misfortune to experience three massive ecosystem shocks. To help gauge where fintech is now and how and when it will get back on its feet, let’s compare and contrast the three downturns and their recoveries. 2009 (a 17-month dive). Financial crisis. Coronavirus crisis.

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CBANC Launches New Features to Further Engage Network of Professionals

Fintech Labs Insights

The platform, which launched in 2009, enables users to collaborate with other industry professionals and share information on policies & procedures, vendor management and vendor product ratings. Later this year, the company plans to revamp its UX, add vendor solutions and member polling, enhance the Wire feature, and launch topics pages.

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Calling All Startups: Reinvent the Mortgage Process (Please)

Fintech Labs Insights

The poster child for bad UX was the denial of a mortgage to previous Fed chairman, Ben Bernanke last year. Home-Account ( Fall 2009 ) which was acquired by Bills.com in 2010. There are good reasons for many of the added hassles, but the overall experience leaves a lot to be desired, especially if you are not a standard W2 wage earner.

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The 2019 GonzoBanker Awards

Gonzobanker

There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. GonzoBankers, 2019 was a year of extremes.

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We analyzed 7 of the fastest-growing personal finance apps of all time to figure out the secrets to their success — here’s what we learned

CB Insights

In each instance, we tore apart the UX and UI of each tool, looked at their growth and revenue numbers, pored through interviews with founders and early employees, researched their public reception, talked to employees, and did our own math. Many fintech companies out there are trying, very literally, to become the next Mint.com.

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