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Google’s expertise is in UX design,” he noted. “By Consumers largely understand (and are okay with) how that data is used to serve up recommendations for flights from Chicago to Austin or home remodelers in Baltimore.
Another more traditional route is a deposit-secured loan. Customers without credit can take a loan secured by their deposit, typically a CD. Enter Self Lender , an Austin, TX-based startup with $17 million in funding. Users apply for a $500 or $1000 CD-secured loan. As the loan is repaid, credit is established.
The Austin-based company’s CEO Bryan Koontz, explains the platform: “We’ve taken the public, general-purpose model of LinkedIn and created a state-of-the-art, private and secure place for our members to connect with each other, share information, stay up-to-date on industry news and build their careers and professional reputations.”.
The first pure-play digital bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. HQ: Austin, TX. Related: Student Banking UX: BankMobile Passport Program Encourages Digital Banking + Academic Achievement. Wells Fargo’s Greenhouse has UX issues to overcome ahead of national rollout.
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