Fintechs Stepping Up to Respond to COVID-19

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Story by Financial Revolutionist

During this time of uncertainty and change, fintechs and proptechs are responding in inspiring and innovative ways.

Here are a few that caught our eye.

Jumio is donating AI-fueled identify verification services to organizations directly involved in helping with COVID-19 relief.

Stratyfy, which provides interpretable AI products for financial institutions, is offering several free services and solutions in response to COVID-19. These offerings aim to help institutions manage the impact of their customers’ changing behaviors, identify at-risk loan requests, and flag loans at higher risk to become delinquent due to the crisis.

Ron Shevlin, one of the names from our 200 fintech revolutionists series, has been capturing a robust list of other fintechs providing tech during this time.

On the proptech side, Clear Capital — the largest independent provider of real estate valuations and analytics technology solutions in the U.S. — is responding to the Federal Housing Finance Agency (FHFA) directive for Fannie Mae and Freddie Mac to provide alternative flexibilities to satisfy appraisal requirements, which reduces the frequency of in-person interaction to mitigate the spread of COVID-19. Clear Capital’s tool, OwnerInsight, will launch the week of March 30 and be offered for free. It allows homeowners to provide timely, high-quality information and images of the interior and exterior of their homes to lenders, appraisers, and appraisal management companies.

 

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