Category Archives: Technology

GreenSky Credit grows smart with great success

GreenSky Credit is one of the most successful companies currently in the fintech sector. The company’s growth has been almost preternatural. GreenSky started as a self-financed venture back in 2006 when founder David Zalik liquidated his real estate holdings in order to raise the required capital for the firm’s launch. Today, the company is worth between $5 and $10 billion and is currently mulling its prospects for an IPO.

Smart choices and big payoffs

Zalik has always had a knack for knowing where he should go to find big returns. At the age of 14, he founded a computer company that he would go on to sell for $5 million. He was then able to parlay that fortune into $12 million in commercial real estate holdings. It was those holdings that he eventually ended up liquidating in order to start GreenSky.

Zalik’s entrepreneurial instincts hadn’t diminished an inch. He found his way to the $410 billion home improvement industry where he was able to find a number of opportunities that either no one had previously spotted or that they had not devised an effective business model to address. One of those was the retail home improvement space. Zalik saw billions of dollars each year being lost when customers who were looking to complete home improvement projects were rebuffed by the high costs of completing their renovations. Zalik saw that most of these customers had prime credit scores. And he quickly realized that this was a great opportunity to create an instant-loan technology that would allow these customers to complete their projects, which almost always created net value for their homes even after the cost of the projects was taken into account.

This marked the beginning of GreenSky Credit. Zalik quickly created a frictionless app that allowed retailers and home improvement contractors to instantly approve customers for up to six-figure loan amounts. And the lenders with which GreenSky partnered were all to happy to have these customers taking loans from them, with the average GreenSky customer having a FICO score of 760.

This genius for spotting opportunities and devising clean and frictionless solutions is why the company is all but guaranteed to continue enjoying success into the future.
https://www.fool.com/investing/2018/06/12/greensky.aspx

A New Awakening for PSI Pay

We live in a different world now, a place where paper money is no longer the order of the day but digital currency is. How has this come about? Technology is to thank for all the changes we experience today. Many people in this day and time prefer cashless transactions as opposed to any other forms of payments, and Britain is no exception.

 

PSI Pay, a UK-based corporation, has since its establishment encouraged people to use cashless payments since it is a licensed dealer in virtual, debit, and prepaid cards. The company has also proven to be more than an asset as it has offered the UK and its environs with contactless programs.

 

However, PSI Pay does not work alone. It has partnered with Kerv Wearables to give consumers nothing short of the best. Therefore, there is no doubt that there are better things ahead since the merger aims at making cashless transactions a dominant force in the modern world.

 

Cashless payments in the UK are no longer a fallacy. Today, more than thirty percent of the stores in the region encourage digital transactions, a significant number if you may ask. It is from these statistics that we can deduce that the UK is going through an economic revolution. Heck, the Church of England has also joined the bandwagon, bringing PSI Pay and Kerv Wearables dreams to fruition.

 

The corporation, according to its assessments, sees cashless payment as the next big thing. So significant will the system emerge that it will overtake the use of paper money. To put your mind into perspective, the world-renowned has already launched its proprietary ring, an ornament that makes contactless payments easy.

 

PSI Pay, a British regulated entity, apparently is the one leading the way in as far as contactless payments get concerned. The organization is surely venturing into the unknown and it is due to its courageous streak that PSI has been able to penetrate the global market.

 

Indeed, PSI Pay has proven to be a titan as it works with only the best professionals available. Developed in 2007, the company has been able to offer the world with alternative banking solutions. Therefore, coming up with the contactless payment system never surprised the world as the institution has always built its reputation on integrity, quality, and excellence. From the look of things, there are better things I store for us provided that we heed the call.

THE JOURNEY OF LOUIS R. CHENEVERT IN BUSINESS

Louis R. Chenevert is a Canadian businessperson and entrepreneur who was previously the acting Chief Executive Officer of the United Technologies Corporation (UTC). Other than that, he also acted as the President of Pratt and Whitney Canada. During his time pursuing education, Louis was a student at an associate of the Business School of Montreal University, HEC Montreal. At the University, he was able to earn a bachelor’s degree in production management. To add to his education, Louis also acquired an honorary doctorate in May 2011 from HEC Montreal. The Aviation Week and space technology, in that same year, named Louis as the Person of the year. This came about as a result of his huge contributions to the world of aviation. Read more at Reporter Expert.

Before Louis Chenevert was appointed as the president of Pratt and Whitney Canada, he had worked there for six years. His election the president happened in 1999. His rank was heightened seven years later when he was elected as the chairman and Chief Executive officer of UTC. This was in March 2006. It is also important to note that Louis Chenevert’s experience in the industry is quite impressive as he had worked at General Motors for 14 years. It was in the year 2014 when Louis decided to resign as the CEO of UTC, leaving the director, Edward Kangas as the acting director. In 2011 and 2012, the Executive committee of the Business Council was vice-chaired by Louis. Read more about Louis Chenevert at wingsjournal.com.

His successful career saw Louis become the Executive Advisor of the Goldman Sachs Merchant Banking Division. As the CEO of UTC Louis applied his able business skills and the organization’s share price saw a growth from 37 US dollars to as high as 117 US dollars. This was very impressive especially because the company’s technology or workforce had not been exploited. Outsourcing of production had not been done to bring the company such impressive financial progress. Louis made it clear that UTC is not an indiscriminate organization in relation to being a group of disconnected businesses. The organization, UTC, focuses on two diverse markets, aerospace and building technology. In relation to these markets, it finds and offers financial synergies.

http://www.bloomberg.com/research/stocks/people/person.asp?personId=191172&privcapId=159230

Jason Hope: The Successful career as an entrepreneur

The early life and education

Born in Arizona, Jason Hope has always had a passion for technology and to help the community in any capacity. He did his undergraduate degree in Finance at Arizona State University before advancing to Business management from the Carey School of Business. During his studies, Jason had a deep interest in technology. Having grown up in Tempe, Jason has remained a true native of Arizona from his birth. He also had a deep interest in politics especially the issues that affected the State of Arizona.

How Jason developed a grant program

As a student, Jason Hope realized how hard it is for students to save money and start up businesses. Coming up with a business idea is another big challenge, but he asserts that several people have the ideas but are not favored by current economy. In the bid to help these students grow in business, Jason set up a website where people could share ideas, and he picks the ones that he can fund. His main interest has been technology, and to this date, Jason has helped a large number of students to realize their goals as entrepreneurs. From the current state of the world, Jason Hope sees technology as the next big thing in the entire world.

Jason Hope’s selection of ideas

Before settling on an idea, hope first looks at the long term effects that the investment would have on the people. Jason Hope  greatest focus is in the community. The investments which he undertakes must include something that benefits the society since this is one of the ways to give back to the people of Arizona.

The kinds of projects that Jason supports

In several occasions, Jason Hope confirms that most of his selections are based on ideas that affect humans directly. Recently, Jason became one of the people that funded the project on medical research which slows the rate of aging. The research was done by SENS Research Foundation, and because of their innovative idea, it received a lot of support from people with like minds, Jason included. The fact that the invention would help the society was one of the reasons for Jason to pick it up.

Learn More: http://jasonhope.com/blog/