Mortgage refinancing jumps to the highest level since March 2020

Mortgage refinancing jumps to the highest level since March 2020

Even though the U.S. economy remains burdened by the pandemic, prospective homebuyers and those seeking to refinance their existing mortgages are in for some good news. Following a two-week dip, mortgage applications saw a surge of 8.2%, according to the recent report by the Mortgage Bankers Association (MBA) for the week ending Jan. 29, 2021. Mortgage refinancing jumps to…

Here’s why Banks Need to Collaborate (and Not Compete) with FinTech Startups

Here’s why Banks Need to Collaborate (and Not Compete) with FinTech Startups

Originally Published on Digitalist Magazine With the advent of robo-advisors, artificial intelligence (AI), and virtual assistants, the next wave of the financial technology revolution could arrive sooner than anticipated. A report by EY, “Unleashing the Potential of Fintech in Banking,” highlights that collaborations with startups (and not competition) can provide fresh tech solutions for banks. Shared…