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Financial Services

How Predictive Analytics is Shaping the Underwriting Process from Ohio

How Predictive Analytics is Shaping the Underwriting Process from Ohio

Streamlining operations, increasing efficiency, and driving customer loyalty are some of the benefits of predictive analytics in automated underwriting. Ohio’s talent pipeline has the wide range of skills industry leaders need to drive innovation in insurtech and fintech.
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Underwriting has traditionally lived in the “art” and “science” world, requiring insights from historical trends and manual assessments of individual circumstances. As companies look for efficiency and process enhancements, predictive analytics can serve to solve some of these modern pain points. Ohio’s talent pipeline has the wide range of skills industry leaders need to drive innovation in insurtech and fintech.

Where Fintech Will Thrive in the Post COVID-19 Era

Fintech success is possible away from the coasts and can be found in Ohio
Terry Gore, director of financial services, JobsOhio
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The pandemic forced businesses to make drastic changes. Companies are reevaluating their model and considering a shift to remote work. But that is not all that is changing. Businesses are seeing opportunities outside of dense coastal cities, where opportunities are abundant and the cost is lower. As executives turn their gaze toward the Midwest, Ohio is a promising destination for the future of financial services and fintech.

Insurance Industry Showing Strong Innovation in Ohio

Insurance Industry Showing Strong Innovation in Ohio

Insurtech companies in Ohio benefit from talent, collaboration and cost advantages
Terry Gore, Director of Financial Services
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The insurance industry is undergoing a major transformation, and Ohio is leading the revolution. Emerging technologies, such as big data, wearable devices and artificial intelligence, are changing consumer expectations and preferences and forcing the insurance industry to change with them.

Accessing Funds at a Speed That Is a “Billon” Times Faster

Accessing Funds at a Speed That Is a “Billon” Times Faster

Fintech71 Spotlight: Billon
Fintech71 Staff
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The transaction process can be painful, but Billon is working to eliminate the hassles of payments and any potential for hacking. The money goes directly from one person to another without any intermediaries. Whether you’re sending a large payment or transferring even 1 cent, Billon makes it possible without fixed fees, waiting, risks or paperwork. Thanks to Fintech71, companies such as Billon are getting excited about the opportunities that Ohio offers for a fintech competitive advantage.

K-12 School Payments Become a Piece of “Cookie”

K-12 School Payments Become a Piece of “Cookie”

Fintech71 Spotlight: Skookii
Fintech71 Staff
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Built by school business managers and parents, Phoenix’s Skookii is a way for parents in public, private, rural and charter schools to make payments through mobile or web applications and have a little fun doing it.

Optimizing Income and Benefits for Part-Time and Independent Workers

Optimizing Income and Benefits for Part-Time and Independent Workers

Fintech71 Spotlight: Steady
Fintech71 Staff
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Many of the jobs created in the last several years, including part-time and contracted work, operate outside of conventional company lines. This trend will only continue. Steady is using patent-pending, job-matching technology and a personalized user experience to help these independent workers optimize their opportunities, incomes and rewards.

Chatbots Lend Their AI to Insurance Optimization

Chatbots Lend Their AI to Insurance Optimization

Fintech71 Spotlight: Elafris
Fintech71 Staff
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One of the greatest pains is dealing with the accessibility of information through a mobile device. When the CEO of Elafris, an AI chatbot for insurance optimization, spent several minutes trying to get to his insurance information through an app, he decided it was time to find a solution. That’s when he created Elafris.

A Simple and Secure Solution for SMEs to Onboard Customers

A Simple and Secure Solution for SMEs to Onboard Customers

Fintech71 Spotlight: ID-Pal
Fintech71 Staff
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Ireland’s ID-Pal is looking to save businesses time by connecting them to their customers in a matter of minutes. Smaller companies don’t have the capability or capacity to integrate third-party technology into their operations. ID-Pal’s know your customer solution resolves this issue for small to medium-sized enterprises.

App-solutely Efficient Banking

App-solutely Efficient Banking

Fintech71 Spotlight: PayKey
Fintech71 Staff
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PayKey, a startup in the Fintech71 inaugural cohort, connects banks to their users within any app. The payments are quick, simple and secure, and bring social banking to a whole new level.

Ohio-Based Company Aims to Eliminate Real-Estate Payment Fraud

Ohio-Based Company Aims to Eliminate Real-Estate Payment Fraud

Fintech71 Spotlight: SafeChain
Fintech71 Staff
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PayKey, a startup in the Fintech71 inaugural cohort, connects banks to their users within any app. The payments are quick, simple and secure, and bring social banking to a whole new level.