Many have prophesied the death of retail banking – and while the traditional retail model may be dead, at least one traditional bank is changing to keep up with the times.
Compared to other industries, applications of AR/VR in financial services are few and far in between. Below I will give a quick overview of the applications, their challenges, opportunities and zoom in on my former employer, Bloomberg, and its experiment […]
In 2010, roughly 8.3% of US consumers, or 19 million people, were considered ‘unscorable’ by FICO, a credit rating service whose models serve as a key underpinning of the US system for assessing credit worthiness. Included in this contingent of unscorable consumers are those lacking a credit history, read: millennials, who represent an untapped market opportunity for lenders. Also excluded from FICO are the underbanked, those who lack bank accounts and primarily transact in cash. Not only are the underbanked denied access to loans based on typical FICO filters, but they must resort to predatory alternatives, such as payday loans, whose prohibitively high interest rates trap them in a vicious cycle of deep indebtedness that is difficult to dig out of. Has the FICO score become an obsolete filter? And can a lender step in to provide loans to these underserved segments where traditional banks have neglected to do so – and profitably?
Quantopian has created a programmer-friendly toolkit allowing programmers to profit from trading algorithms
Inherently risky or opportunities for value creation and capturing?
A platform of borderless money transfer with significant cost benefit.
Venmo, the PayPal-owned peer-to-peer payments app, is one of the best-known and largest disruptive fintech companies.
Wealthfront has disrupted the financial advisory industry by using analytics and algorithms to automate investment decisions. Will it be able to sustain its success?
The traditional model of personal investing looks like this: individuals like you and me either sign up for a brokerage account, select investments and construct our own portfolios (“the DIY approach”) or hire a financial advisor that makes investment suggestions […]
Venmo has grown with strong direct network effects, but has been unable to crack the indirect network effects.