Posted on by tecvillaLast modified: November 24, 2018
GreenSky is a fintech that offers point-of-sale loan services to consumers. It has partnered with regional banks to provide loan services to as many people as possible. They have simplified the loan application process, by handling the paperwork needed from the consumer and the bank. They offer quick solutions to the needs of consumers who are in need of crucial services but have no cash to pay. If you are a homeowner and you need some home maintenance work to be done but you lack the money to pay, worry no more because GreenSky will facilitate instant financing of the project through the merchant.
The merchant will apply for a loan with the amount he will charge for the service. They will send relevant loan processing information to the fintech, which will on its part link the borrower with a lender willing to offer the loan. Once a lender is found, the loan is processed instantly. GreenSky has mainly been working with four regional banks namely Sun Trust, Synovus, Fifth Third, and Regions Financial
Regional banks are interested in consumer lending since it attracts high yields, but two obstacles hinder progress in this field. The cost involved in getting customers is too high and the servicing the loan can also be a nightmare. Through GreenSky, regional banks are getting better full benefits of consumer lending. The fintech brings the customers to them and it even facilities servicing of the loan. The role of the bank in the whole process is to offer the money to lend.
GreenSky does not offer intereston the loans as is the case with traditional banking. Customers who will pay back the loan in the agreed timeframe will get the benefit of not repaying even a single cent on top of the principal amount. It is GreenSky who take up the role of repaying the loan during the zero percent APR period. There are huge hopes on this company that it will perform very well in long-term. In the period that they have been in the industry, there has been consistent growth trend. In 2017, they recorded a 30 percent increase from the previous year.
There are a lot of companies out there in the world today. A lot of people might say there are even too many companies. It can be hard to tell which companies are for real and which companies are just a flash in the pain. One company that has only improved and gotten better over the years is Bob Reina’s Talk Fusion, which he founded back in 2007. He had the idea after wanting to send out a video email to someone. Now, it has transformed into something that is larger than life. Instead of the company just being a one tricky pony, they have really narrowed the market on video communications.
They have video chats, video emails, video newsletters, and video conferences. These serve the purpose of allowing people to chat with one another, no matter where they are from, and they also allow people to build their stay-at-home business. For many people, that is the dream job. They love the idea of working from home, being their own boss, and calling the shots. Nothing brings them more joy than that. It is the life they have always wanted and desired. They don’t want to be stuck in a suit, working 9-5.
They want to be able to provide for their family while also living a life that is true to them and makes them as happy as humanely possible. That is what Talk Fusion provides for its customers in spades. It is why they won two awards in the year 2016 from the Technology Marketing Corporation. The recent award was for the 2016 Communications Solutions Product of the Year. That is a big award and they had to beat some stiff competition along the way. Click here to know more.
However, as everyone knows, anything in life worth having does not come easy. The IT team did their job, Bob Reina, and everyone. It truly was a group effort and everyone played their part in getting Talk Fusion to the place they are at now, which many say is the best place they have ever been in throughout their ten years. Many believe they have more up their sleeve! Talk Fusion on YouTube.