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GreenSky’s Innovative Win-Win Business Model

GreenSky’s consumer-lending business model creates a win-win situation for loan consumers and lenders. The fintech company offers lenders low-cost customer acquisition and consumers enjoy low financing rates. GreenSky isn’t a lender, the company operates a platform for medical professionals and contractors to offer healthcare and home improvement loans to their customers from banks with a simplified loan process.

How Does it Work?

A contractor or medical professional offering elective surgery can suggest financing through GreenSky. He or she scans the potential borrower’s drivers license and if the person has good credit, he or she is approved for a loan immediately. Instant point-of-sale loans enabled contractors to sell the customer on a big ticket project and the homeowner does not have to wait for credit approval.

How Does GreenSky Earn Money?

The company makes their money from merchants by charging transaction fees (about seven percent) and a small fee for servicing the learn. Since the firm services the loan, the lending bank can make more loans to people with good credit without having to hire more customer service representatives. Borrowers pay the company, not the lending bank, saving banks from processing payments.

Is GreenSky Undervalued?

The company went public in May 2018 (ticker symbol GSKY) and by September 2018, experts valued the stock at $23. The share price hovers at about $20, but an announcement of a partnership with American Express will increase the number of merchants using the platform. This should increase the fintech company’s revenues without increasing their expenses.

Company Information

Established in 2006, GreenSky has funded 15 billion dollars in loans with more than two million satisfied customers. The company is led by CEO David Zalik, who is also a co-founder. Forbes, Businessweek and the Wall Street Journal reported on Zalik’s success with the Atlanta-based fintech company in 2017.

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Alex Hern – Bringing Augmented Reality to a Waiting World

For more than 25 years, Alex Hern has worn the title of entrepreneur. Much of his focus has been helping companies through their early stages of development. He also devotes a lot of attention to technology companies. He has an excellent technology background with a job resume that includes Director of Inktomi, Yesmail Alex Brown, and Military Commercial Technologies. He also co-founded Tusnami XR. These were all positions that impacted the technology sector in a major way.

Tsumani creates software that enables augmented reality. Augmented reality allows for an experience where a person’s environment seems real. This results from computer-generated perceptual information. Tsumani software integrates with data to service a host of complex applications and products. These applications include industrial equipment, safetAlex Herny and productivity, and workforce training. Companies around the globe utilize the technology.

Applications for Tsunami software also include manufacturing, automotive, construction, energy, aerospace and defense, manufacturing, and healthcare/life sciences. The opportunity for application is virtually unlimited.

Augmented reality is not only for objects. There may even come a time when AR will influence the interactions between people. Imagine being able to tell if another person is lying or telling the truth. Or, imagine being able to watch sports in thin air without a television screen. Any living room could become a complete game room.

A typical day for Alex Hern involves spending up to five hours concentrating on one thing that will move his company forward and achieve its goals. As such, he is not given to multi-tasking as much as some people. The more a person tries to do at once, the more likely they are to underperform.

He finds a lot of quiet time during the night to focus on his innovations because there is far less distraction at night than during the day. Alex Hern has a lot to offer the world, and there are no signs of him slowing down.

Original source : http://5g.ucsd.edu/content/alex-hern

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Bob Reina – Recap

Bob Reina strongly urges readers to be pro-active and not push back on their dreams. Bob Reina describes his success as self-made, and he is the founder and CEO of the company, Talk Fusion. This company, founded around 2004, specializes in the online video industry.

 

Reina mentions that when young, people have dreams and aspirations that are varied and far-reaching in fulfillment. They may include being national leader or living in a mansion and achieving something truly monumental in the view of society. Life experiences either temper these dreams and ambitions or stifle them to the point of extinction. Bob Reina asserts that willpower and prolonged personal effort are the key ingredients to achieve personal fulfillment. Let current conditions serve as motivation to move forward, but move forward and be consistent in doing so. Learn more: https://homebusinessmag.com/author/bob-reina/

 

Bob Reina is a graduate of the University of South Florida where he attended the police academy. He worked various jobs to put himself through university, and graduated number one in his class. Succumbing to the entrepreneurial beckoning, he acquired the skills necessary for direct sales marketing. In 2004, he got the idea for developing video email when wanting to send a photo to his family of a potential home but could not at that time. With the aid of a colleague, he developed video email, marketed the idea and Talk Fusion was born.

 

Reina describes his typical work day begins before 6 o’clock a.m., and by time the work team meet later that morning, the day’s activities are prioritized and pursuit begins. As to trends, Reina sees further development of video sharing becoming more an international phenomena that can bring people and ideas together almost instantly.