Traditional banks are increasingly investing in financial technology in a number of different ways; banks are developing innovation labs and partnering with fintech companies for new solutions; Digiday provides insight on factors influencing fintech investment at banks in five charts; the chart above shows the areas where banks are most interested in partnering for new developments. Source
Lending Times reports on the business model created by Unison to improve the affordability of home ownership in the United States; the firm has developed two main products, a HomeOwner and HomeBuyer product, that are based on an investment model rather than a lending model; as a real estate investor the firm provides capital for borrowers and shares in the gain or loss of the real estate property's value; Unison and other innovative real estate businesses participated in a panel at LendIt USA 2017 titled, "The New Era of Buying & Selling a House" sharing further insight on how fintech innovation is evolving in residential real estate. Source
The market has currently slowed gains as speculators await more details on Trump administration policies; the Justice Department has taken its stance on the Consumer Financial Protection Bureau's appeals court hearing in May and it seems the next big announcement from the Trump administration regarding fintech is the appointment of the next comptroller; at LendIt USA 2017 Amias Gerety gave some insight on how the Trump administration views fintech and current themes in government fintech debates. Source