Reporting by the New York Times suggests the US housing market faces a severe shortage of affordable single-family homes. Zoning regulations, land costs, and housing investment are core variables affecting the price and diversity of housing stock.
Read MoreIn an interview with The Financial Revolutionist, Nelson Chu describes Percent’s dual-pronged approach and outlines a promising future for private credit in a downturn.
Read MoreIn an interview with Rest of World, Cleosent Randing, CEO and Founder of Indonesian insurtech PasarPolis, described the startup’s partnerships with mom-and-pop store owners to sell insurance. The strategy let the company sell five times as many policies as it had previously through insurance agents alone.
Read MoreTrading platform Robinhood announced the release of a beta version of its web3 wallet. The wallet will be available to 10,000 test users before being released to the public in May.
Read MoreThis morning, DoorDash and JPMorgan announced the launch of a co-branded card issued by Mastercard. The card will let users earn benefits both on and off the DoorDash app.
Read MoreRampant roofing scams have caused a property-insurance crisis in Florida. The industry’s net losses in the state were more than $1B in 2021.
Read MoreArrived Homes, a real-estate investment platform that lets users buy shares in rental properties, estimates that it will double its presence in the top 100 fastest-growing cities in the US by the end of the year. The proptech has secured investments from Jeff Bezos’s Bezos Ventures, Marc Benioff’s Time Ventures, as well as the former CEOs of Zillow and Uber.
Read MoreJerome Powell, Chair of the Federal Reserve, projected the central bank’s rate hitting 4.4% by the end of the year. The Fed predicts the increase will increase unemployment by 1.2 million people.
Read MoreLast week, the US House of Representatives passed a bill that would direct the Department of Veterans Affairs to allow for desktop appraisals and waivers of appraisals. The bill has yet to be discussed in the Senate.
Read MoreIn an interview with The Financial Revolutionist, Ryan Toner, EVP of Sales at Afficiency, explains what caused insurtechs to pivot back to agent models, outlines the ways technology can help agents sell to consumers, and describes the future of tech-driven life insurance.
Read MoreUnitedHealthcare announced that it’s expanded its partnership with Peloton, the fitness platform. The health insurer’s 10 million commercial members can now receive a free yearlong subscription to the Peloton app.
Read MoreBoston FinTech Week is coming up soon! It runs from September 27 – 29 this year and is once again an in-person event. We asked Sarah Biller, co-founder of FinTech Sandbox (the organization presenting Boston Fintech Week) and Executive Director of Vantage Ventures, to tell us a little about this year’s event.
Read MoreAccording to reporting by TechCrunch, a new wave of insurtechs are specializing in niche, burgeoning markets. Boundless Rider, for example, covers motorcycle, e-bike, and power sport vehicle riders; and CoverTree covers manufactured homes.
Read MoreA growing proportion of homeowners are pulling their for-sale homes from the market to rent them instead. The number of delisted homes that never went under contract increased by 58% over the past year.
Read MoreAnonymous sources say the Federal Reserve is investigating Marcus, Goldman Sachs’s consumer-banking branch. This follows a probe by the Consumer Financial Protection Bureau (CFPB) last month into Marcus’s credit card practices.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
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