It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with iink Endorsements to discuss all things credit union, fintech, and digital innovation.
iink Endorsements for Insurance Claim Payments
Have you ever had to make an insurance claim? Or do you know someone who went through that process? Like, let’s say a piano falls and makes a hole in your roof. You need to hire a contractor to fix it and then get your insurance money from your insurance company to pay for it.
Sometimes it’s easy. But usually it’s not.
In fact, just getting that insurance check can take weeks. The problem is, multiple people need to sign off on that check before it ever makes its way to you. Mortgage lenders, homeowners, and contractors all have a vested interest in seeing that money arrive on time.
That’s where iink Endorsements comes in. They digitize the process, streamlining it for everyone involved. Instead of waiting weeks or months for an insurance payment, iink Endorsements cuts payment waits to a fraction of that time.
Oh, and in case you’re wondering what the demand is for something like this? iink Endorsements was founded by a contractor and a claims adjuster. So, you know they know the stakes.
Also, insurance claims are typically a $50bn industry. However, with the extreme weather and hurricanes we’ve seen lately, that industry has ballooned to around $200bn yearly. That’s a lot of payments that iink Endorsements can help with.
Basically, iink Endorsements speeds along recovery after an incident. No more waiting weeks for an insurance check!
If this sounds like an intriguing credit union–fintech partnership, check out the video and iink Endorsements snapshot below!
Credit Union Fintech Snapshot: iink Endorsements
Top 3 Problems Solved
- Multi-party payment platform for home insurance
- Digital transformation in insurance
- Asset protection for mortgage lenders
iink Endorsements Founder: Ryan Holliday
iink Endorsements Market Strategy
Credit Union Fintech: iink Endorsements in the News
Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.
Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.
If you want to learn more about credit union–fintech partnerships, click here.