Intent Employee Spotlight – Tim Chew
Tim Chew, affectionately known around the office as “Chewy,” is the Chief Technology Officer at Intent Homebuying Marketing Intelligence. Tim spends his days immersed in the technology side of the company, building systems and guiding our team. Learn a little bit about Tim today!
Start Date: 2/25/19
Brief overview of what you do: All things technology and the occasional handyman task
What brought you to Intent: The Millennium Falcon
What do you like most about working at Intent: The energy
Hometown: Kashyyyk
Hobbies: Gardening and building things
Book you’ve read over and over again: Ender’s Game by Orson Scott Card
Top 3 movies: Hero (2002), About a Boy, We’re the Millers
A bit about your family: 4 children
Favorite food: Sweets
Thing you’re scared of: My children
Dream vacation: Dogsledding and kayaking in Ittoqqortoormiit, Greenland
Favorite cocktail: Flavored Vodka Tonic
Facebook Wants Financial Information to Streamline User Experience
According to recent reports, Facebook is aiming to partner with banks to bring more services to its apps. Facebook hopes these partnerships will integrate personal financial data to streamline user experience. As part of an effort to offer new services, the social media giant is asking banks to share information such as card transactions and checking account balances. Services such as buying and selling goods, viewing account balances, and fraud alerts are among the many features that Facebook hopes to integrate with bank partnerships. Facebook believes the additional customer information has the potential to help Facebook offer services that will increase user engagement and cause users to spend more time on the Facebook Messenger app.
Due to the extreme growth of online platforms, banks are being pressured to build relationships with web-centric companies in an effort to boost growth and gain traction in the mobile payment market. However, despite the pressure, banks seem hesitant to hand over too much control and information to third party platforms. As part of its quest to ascertain more data, Facebook is requesting information that reveals where its users are using credit and debit cards. Google and Amazon, meanwhile, have likewise asked banks to share data. Facebook currently has partnerships with American Express, PayPal and MasterCard, which allow users to perform various banking services and customer service inquiries through Facebook Messenger.
For more information on Facebook’s efforts to obtain financial data from banks, click here.
Built Is Revolutionizing Construction Lending
As the leading software for construction lenders, Built is designed to mitigate risk and simplify construction loan management. Not only does Built connect everyone involved in the post-closing administration processes; it automates manual processes and reporting. Using both a desktop and mobile app, Built creates unique workflows that cater to all types of construction loan products for a seamless transaction.
All lenders, borrowers and builders involved in the process have a unique portal experience throughout the loan process. Through the use of smart budgets and inspection sheets, Built eliminates spreadsheets and organizes documents in a single, shareable and downloadable location. Additionally, Built allows users to access information needed for accurate reporting and risk management. On average, mortgage lenders using Built experienced a 70% decrease in draw turnaround time as well as an 80% reduction in report preparation time.
Built is the only construction loan management software that is endorsed by the American Bankers Association. To learn more about Built, click here.
