Curvestone AI has demonstrated its 'Mortgage Passport' solution at the FCA's Smart Data Accelerator showcase. The verified report system follows customers from broker to lender, conducting detailed case checks across mortgage journey.
Working alongside regulators, lenders, and mortgage sector stakeholders, Curvestone built a customer-consented verified report that can be shared across the entire mortgage chain.
Curvestone used the FCA's synthetic data environment to demonstrate how its proven platform could extend into the Open Finance landscape once infrastructure becomes available.
Current mortgage origination relies on multiple hours of manual checking per case file, with the same customer data collected repeatedly by brokers, networks, and lenders. Most firms review only 10% of cases in depth through manual sampling. As Consumer Duty expectations tighten and the FCA pushes for responsible AI adoption, Curvestone says this approach is becoming unsustainable.
The solution generates a single, customer-consented verified report - a Mortgage Passport - that follows the customer from broker to network to lender, eliminating re-keying and re-checking at each stage.
Curvestone's system pulls verified data directly from Open Finance sources, credit reference agencies, and supporting documents, then runs configurable checks against each party's specific policy.
Checks aren't one-size-fits-all and the same data is assessed against lender or network-specific requirements. The system returns three outputs: a pass/amber/fail outcome, the evidence supporting it with full provenance, and specific remediation actions to progress the case.
Existing Curvestone deployments demonstrate measurable impact. Law firm Walker Morris reduced service agreement reviews from 4 hours to 15 minutes, while mortgage firms have achieved 100% case file coverage compared to the industry average of 10% manual sampling.
The FCA's Smart Data Accelerator provides a secure environment where firms test Open Finance use cases using synthetic data before moving into production. Participants can test interoperability between providers, validate data-sharing models safely, and identify regulatory and operational risks early.
Dawid Kotur, CEO of Curvestone AI, commented: "We built this to demonstrate what becomes possible when Open Finance data becomes available. Today, even fully packaged cases lose time on back-and-forth because issues get caught too late. The Mortgage Passport catches problems early, flags vulnerable cases, and returns specific next steps so the case moves forward. We built this working directly alongside FCA regulators and lenders. That's how Open Finance use cases should move from concept to reality to provide better customer outcomes."
