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and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. And it may be an opportunity for alt-lenders to once again initiate an innovation boom.
The poster child for bad UX was the denial of a mortgage to previous Fed chairman, Ben Bernanke last year. That’s not nearly the amount of change I expected in this vital area, but the re-regulation of the mortgage industry, thanks to the housing debacle of 2008 to 2012, has taken it’s toll on innovations.
Companies were abandoned and it led to a 5- to 6-year drought in fintech innovation. Financial crisis (2007-2008). The fintech hits : Most of the fintech unicorns were created after 2008 including: Stripe, Ant Financial, Bitcoin, Chime, Robinhood, Betterment, Transferwise, Revolut, Coinbase, Monzo, and hundreds more.
2008 called and wants its headlines back. Let’s see how this new scale allows for big investments in future innovation. His passion for innovation, community, culture, and clients provides a leadership template for all future GonzoBankers. She was a trailblazer and an early innovator in analytics. Goes to Sen.
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