Think Finance: Difference between revisions
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==== Challenges ==== |
==== Challenges ==== |
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The Treasury Department’s 2016 white paper noted a number of potential challenges facing online lenders and the [[FinTech]] providers who partner with them, including the need for greater transparency around credit terms for borrowers and standardized loan-level data for investors, and the importance of credit models being exposed to less-than-favorable credit cycles.<ref>{{Cite web|url=https://www.fdic.gov/householdsurvey/2015/2015execsumm.pdf|title=FDIC National Survey of Unbanked and Underbanked Households|last=|first=|date=October 20, 2016|website=|publisher=Federal Deposit Insurance Corporation|access-date=}}</ref> |
The Treasury Department’s 2016 white paper noted a number of potential challenges facing online lenders and the [[FinTech]] providers who partner with them, including the need for greater transparency around credit terms for borrowers and standardized loan-level data for investors, and the importance of credit models being exposed to less-than-favorable credit cycles.<ref>{{Cite web|url=https://www.fdic.gov/householdsurvey/2015/2015execsumm.pdf|title=FDIC National Survey of Unbanked and Underbanked Households|last=|first=|date=October 20, 2016|website=|publisher=Federal Deposit Insurance Corporation|access-date=}}</ref> |
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==References== |
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Revision as of 18:43, 6 January 2017
| Formation | 2001 |
|---|---|
| Type | Financial Technology |
| Headquarters | 4150 International Plaza, Suite 400, Fort Worth, TX 76109 |
| Products | Cortex |
| Employees | 181 (2016) |
| Website | http://www.thinkfinance.com |
Think Finance provides technology, analytics, and marketing services to financial businesses in the consumer lending industry.[1]
History
Founding
Think Finance was founded in 2001 in Fort Worth, Texas[2] and was headed by Ken Rees who was President and CEO until 2014.[3]
Growth
In 2014, Think Finance restructured its business and a new independent company, Elevate, was established.[4]
Awards and Recognition
In 2013, Think Finance was ranked #2 on the Forbes List of America’s Most Promising Companies.[5] In its ranking, Forbes cited Think Finance’s innovation in “applying new technology to stagnant business models.”[6]
Industry Context
Outlook
In May of 2016, the U.S. Department of the Treasury issued a white paper focused on the future of the online lending industry. The report’s findings included the acknowledgement of the innovations and risks involved in the use of new data and modeling techniques, as well as the opportunity to expand access to credit to underserved markets.[7]
Challenges
The Treasury Department’s 2016 white paper noted a number of potential challenges facing online lenders and the FinTech providers who partner with them, including the need for greater transparency around credit terms for borrowers and standardized loan-level data for investors, and the importance of credit models being exposed to less-than-favorable credit cycles.[8]
References
- ^ "Think Finance Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-01-06.
- ^ "Think Finance Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-01-06.
- ^ "Ken Rees - President and CEO @ Think Finance | crunchbase". www.crunchbase.com. Retrieved 2017-01-06.
- ^ Francis, Robert. "Think Finance restructures, spins off Elevate". Fortworthbusiness.com. Retrieved 2017-01-06.
- ^ "Think Finance on the [[Forbes]] America's Most Promising Companies List". Forbes. Retrieved 2017-01-06.
{{cite news}}: URL–wikilink conflict (help) - ^ "Think Finance on the Forbes America's Most Promising Companies List". Forbes. Retrieved 2017-01-06.
- ^ "Opportunities and Challenges in Online Marketplace Lending" (PDF). U.S. Department of the Treasury. May 10, 2016.
- ^ "FDIC National Survey of Unbanked and Underbanked Households" (PDF). Federal Deposit Insurance Corporation. October 20, 2016.