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?
Black Knight Financial Services (BKFS), primarily known for offering a workflow management tool for servicing mortgage loans for large banks and other institutions, has recently aggregated and expanded its capabilities in data & analytics, looking to create and capture value […]
Square has brought millions of transactions online by providing an easy way for SMBs to accept credit cards instead of cash. Subsequently, the company has designed a business model that leverages this powerful data in an elegant way.
Crowdfunding has been gaining more hype – especially in the last year since new regulation was passed allowing anyone in America to own shares of a private company. What does that mean for VCs? Why is Indiegogo positioned to win this game?
Quantopian has created a programmer-friendly toolkit allowing programmers to profit from trading algorithms
Quantopian harnesses the power of crowds by allowing anyone to contribute quantitative investment strategies through their platform – and get paid for performance.
Can crowds do better than sophisticated analysts when it comes to predicting future stock prices?
Inherently risky or opportunities for value creation and capturing?
Y Combinator (YC) started in early 2005 to create a better seed funding ecosystem. Since then, it has spurred a new category of incubators and accelerators such as TechStars, AngelPad. These accelerators provide short-term intensive coaching and mentorship. Before this […]