Remove 2011 Remove Innovation Remove Lending Remove UX
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SoFi Unveils Digital Wealth Management Platform, SoFi Wealth

Fintech Labs Insights

Less than a month after announcing its new $105 million SoFi Prime Income Fund to help raise funds to issue loans, online lending innovator SoFi is making headlines again with the launch of SoFi Wealth. The presentation focused on how Quovo developed a bank authentication API for SoFi that both improved security and streamlined UX.

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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. That’s not nearly the amount of change I expected in this vital area, but the re-regulation of the mortgage industry, thanks to the housing debacle of 2008 to 2012, has taken it’s toll on innovations.

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Disrupting Insurance: The Other Financial Services Opportunity

Tefkin

In the last years, most of the focus on innovation in financial services has been, it seems, on banking (investing and lending) and payment. To give a few numbers, non-life insurance market world-wide in 2011 was estimated at $1,877.2 A classic case of Innovator’s dilemma. billions.