THE DIGITAL DISRUPTION IN HOME LOANS REPORT: How fintechs are upending the mortgage space and creating opportunities for retail banks
BUY quality bulk Yahoo Twitter Hotmail Google Voice Facebook Accounts
bethintx 30yo Mckinney, Texas, United States
This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI 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 are suffering. In the US, the top three incumbent lenders together captured about 45% of the overall mortgage market in 2011; they hold just 24% in 2017.
See the rest of the story at Business Insider
See Also:
- German insurance giant Allianz moves further into Southeast Asia
- UK neobanks have a customer awareness problem
- Here's how the regtech landscape is evolving to address increasing compliance needs
more on Geo altCom
beckcunn 25yo New York, New York, United States
eroticbratybrat 40yo San Marcos, California, United States
Комментариев нет:
Отправить комментарий