Since 2008, MortgageTech has seemed to be a sector where good ideas go to die. The consensus opinion has been that this is due to a lack of innovation contributed by an industry dominated by a few banks and servicing companies, uncertain regulatory changes and a weak consumer backdrop.
At the 2017 MBA Tech Conference in Chicago, we observed a significant change in the air and came away with three key observations.
Following years of regulatory uncertainty in what is a heavily concentrated market among the largest banks, there are new signs of accelerating investment and innovation. In the past 18 months, we’ve seen out-of-character actions from incumbents and a small but building amount of new activity from venture capital and private equity firms. The opportunity to streamline inefficiencies inherent in the U.S. lending process is not a new one. However, after years of stormy regulatory upheaval, industry consortium wrangling and volatile economic backdrop, there appears to be a new sense of opportunity.Read More
Welcome to the rapidly changing sector of technology we call WealthTech. WealthTech is where investment management, portfolio accounting, advisory services and related software and services converge into a niche space within the technology world. The WealthTech space includes a rich field of incumbent providers, established services and a dynamic set of newcomers chasing the super-sized wealth management arena.Read More