How fintechs are upending the mortgage space and creating opportunities for retail banks

This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Mortgages are valuable for retail banks, but they’re also complex products. In the UK alone, mortgages account for almost 60% of retail banks’ profits. But mortgage lending can be a complicated process — it involves estate agents, appraisers, and conveyance agents. This complexity has resulted in major consumer pain points, like a lack of understanding of mortgages, inconvenient access channels, and difficulty switching providers. In an increasingly digital landscape, tech-savvy consumers are starting to demand simpler ways to take out mortgages, and legacy providers… Read More

Continue Reading

Chattanooga, Tennessee has found a way to reinvent itself as a startup center of the South

Chattanooga, Tennessee has a promising startup scene that is intimately supported by the city government. The city struggled for decades in the wake of post-industrialization, but was reinvigorated by city-operated high-speed internet and pro-entrepreneur policies. AOL cofounder Steve Case highlighted the city’s scene in May through his Rise of the Rest bus tour. This article is part of Business Insider’s ongoing series on Better Capitalism. My introduction to Chattanooga, Tennessee hinted at what I’d find during my visit there. Mayor Andy Berke, who’s led the city since 2013, visited my New York office in March accompanied by Bellhops CEO Luke Marklin, whose moving company has raised $30 million. They told… Read More

Continue Reading

Draper fire marshal dies unexpectedly

SALT LAKE CITY — Draper Fire Marshal Bryan Thatcher died unexpectedly on Friday, “leaving a huge void in his family and our department,” the Draper Fire Department posted on Saturday. “We are extremely saddened by this tragic event and are left trying to find the words to express our sorrow,” the post on the agency’s Facebook page stated. Hundreds of residents, friends and family expressed condolences on the site on Saturday. Thatcher was hired by Draper Fire Department in June 2017 and had served in various communities prior to that, including at the University of Utah and in Layton and Riverdale. He worked 17 years in fire prevention edcuation and… Read More

Continue Reading

GOP State Rep who implied she could shoot peaceful protestors is running unopposed

An Idaho Republican State representative is in hot water after posting a veiled threat against four protestors on Facebook. Priscilla Giddings, who was first elected to the chamber in 2016, posted a picture with Idaho State University students who were holding signs related to gun safety measures, after the mass shooting at the Capital Gazette in Maryland that left five dead and two injured. … …read more Source:: AOL.com       

Continue Reading

Utahns rally for change in Trump’s immigration policy

SALT LAKE CITY — “It’s unimaginable.” Diane Homan of Lehi couldn’t bear to lose her own children, so she joined hundreds of others rallying at the Utah Capitol Saturday “because there are children and families involved who are vulnerable and can’t speak for themselves.” “I love my country, and when you love someone you tell them what they’re doing wrong,” Homan said. The “wrong” she’s referring to is President Donald Trump’s zero-tolerance immigration policy that is leading to the separation of families at the country’s border. He signed an executive order on June 20 to stop it, but it remains largely unknown what will happen to the children already separated… Read More

Continue Reading