The Fintechs Seeing More Business as a Result of Coronavirus

While the coronavirus is impacting many companies there are a few bright spots for a handful of fintechs; Nigel Morris, managing partner of QED stated, “The behaviors that people can execute from their living room or from their den are going to grow, and behaviors that require face-to-face interaction or getting out into the community are going to diminish…What does that mean? You should have greater mobile apps and digital adoption in general. If I had been holding off on signing up for PayPal, for instance, I might just do that.” Symphony, which offers an instant messaging service for bankers has seen an uptick in activity with surges of messaging from 80% to 500% according to their CEO; not only are instant messages up, but also the volume of attachments has increased substantially by bank clients; this in the past has been a feature that some banks have reluctant to enable; Blend, a digital mortgage software provider is also seeing spikes in refinances, up 1500% to 2000% from the same days last year; American Banker digs further into these trends. American Banker

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.