Assignment: Read the case/article below and answer the Critical Thinking questions below. SoFi Takes a Radical Approach to Financing Financial technology firms continue to make headway by taking away loan and mortgage business from traditional banks. One of the most valued fintech companies today is SoFi, short for "social finance." The company, which considers its approach to banking as radical, deems itself "a modern finance company that's fueling the shift to a bankless world." Started by four students who met in business School, SoFi's original lending model connected students and recent graduates from specific schools with alumni and institutional investors. It became a win-win: investors received a financial return, and borrowers were able to borrow at lower than federal government rates. SoFi soon expanded its product range to include online only student loan refinancing, mortgages, and personal loans. What makes the company unique is its nontraditional underwriting model, which focuses on a person's overall financial well-being instead of a consumer credit score. Intent on lending to financially responsible individuals, SoFi analyzes "forward- looking" factors to determine a prospective borrower's future potential. Many start-ups are betting that more progressive and predictive lending models like this will work well in challenging business environments and allow them to lend, on average, to 10% more applicants. Questions for Critical Thinking: 1. SoFi has gone to a place where traditional banks have not-refinancing student loans. SoFi takes into consideration the reputation of a borrower's university when evaluating an applicant for refinancing. Discuss the pros and cons of this approach, along with SoFi's nontraditional credit evaluation techniques. 2. Discuss how SoFi has caused disruption in the financial services sector, and whether, in your opinion, traditional financial institutions are struggling to adapt to the way consumers and businesses want to use SoFi's services. Provide your Answer here: One paragraph for each numbered bullet point. Support your answer with details (explain) (150words Minimum). Rubric: Earn up to 20 points for your write up, Provide a thorough and complete answer to justify your stance. Proofread carefully and include good grammar and syntax usage. Avoid contractions in business writing (don't = do not, please spell out)