How Switzerland’s First Financial Markets Blockchain Was Born
A prototype currently being developed by Six Securities provides one of the #first examples of how FMIs are investigating #blockchain.
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Why Blockchain Won’t Disrupt Banks First
Despite the promise that #blockchain holds for banking, the sector will likely not be #first to put the burgeoning #technology into real-world action.
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Here’s A First Look at Thomson Reuters’s New Ethereum Identity Tools
#Thomson Reuters will soon launch a platform for #ethereum smart contract developers.
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Santander Vies to Become First Bank to Issue Cash on Blockchain
Spanish banking giant #Santander is working on a project that explores how it could digitize customer #cash using the public ethereum #blockchain.
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World’s First AI Mortgage Advice Chat Bot
UK tech startup, habito, has launched the #world’s #first artificially intelligent Digital #Mortgage Adviser (DMA) allowing millions of consumers to discuss their mortgage needs from any connected device, 24/7, without requiring a human broker.
Built using AI #technology and habito’s market-leading algorithm, the DMA marries all the elements of a customer’s financial life (e.g. employment, salary and personal life plans) with real-time market mortgage rates to calculate an indicative monthly payment. The DMA explains the impact consumers’ decisions will have on each mortgage configuration as a traditional mortgage broker would, but in a fraction of the time (average 10 minutes). Habito has the ability to search hundreds of products (versus a handful), so once the #advice is complete consumers can be sure they’re on the best mortgage for them, which can result in savings of thousands of pounds per year*.
In designing the new system, habito analysed hundreds of advice interviews in order to understand what consumers needed and what formed the basis of informative advice. As a result, the DMA’s #chat-like interface provides an unbiased, conversational experience, without the need for lengthy in-person queues, waiting on hold or paying a premium for advice.
Daniel Hegarty, CEO and Founder, habito
“Finding the right mortgage product in the UK is like finding a needle in a haystack. Britons are crying out for some innovation and clarity in an outdated and overwhelming mortgage market,” said Daniel Hegarty, CEO and Founder, habito. “Our digital mortgage adviser is a huge step forward in making mortgage advice accessible for consumers in the way they need it most: unbiased, always available and most importantly free.”
Habito’s digital mortgage adviser is a direct response to the FCA’s Financial Advice Market Review Report calling for greater, more accessible financial services advice for British consumers. Habito plans to roll out additional interactive features later this year, such as remortgage alerts, that will continue to optimise the mortgage application process for consumers across the country.
habito Team, from https://www.habito.com/
* According to an analysis of SVR mortgage holders by HSBC, Nov 2015
Feature image: from habito
The post World’s First AI Mortgage Advice Chat Bot appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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Credit Unions Seek to Become First to Market with Consumer Blockchain
More than 50 #credit #unions are now laying the groundwork for what they believe could #become the financial industry’s #first live #blockchain project.
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Hyperledger Tests Open Strategy With First Blockchain Explorer
CoinDesk profiles ongoing developments at business #blockchain consortium #Hyperledger and its collaborative effort to launch an #open-source tool.
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Ethereum Scaling Advances With ‘First’ Off-Blockchain Payments
A team of #ethereum developers has successfully completed what they say is the #first off-#blockchain transaction on the network.
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Goodbye admin, hello Pegg – Sage introduces its first small business chatbot
  The writing is on the wall for #banks and their customers. Soon banking and all its associated tasks will be completely embedded in our everyday lives. Banking will live in the platforms we love to engage with, allowing us to accessRead More
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Coinbase’s First Employee is Leaving to Start His Own Hedge Fund
Coinbase’s #first #employee has departed to #start a #blockchain-focused #hedge #fund.
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