Part one of my Finovate recap focused on a pair of big ideas intent on upending conventional fintech wisdom.

Innovation in banking often is evolutionary rather than revolutionary, however, and more of this year’s showcase tilted toward market-ready solutions offering incremental improvements to existing models, including several with particular relevance for credit unions.

Much attention was devoted to the monetization (and de-papering) of the mortgage process:

• AI Foundry suggests that while it’s fairly easy to get to “yes” online, conversion issues emerge during the follow-up paperwork.

The firm’s Agile Mortgage product applies machine learning to provide greater insight to application status—for both the applicant and loan officer—during the remainder of the trail.

 

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