The OPDA has been selected as a Smart Data Challenge finalist to explore how data can unlock a more transparent and efficient property market.

The sandbox is open to any financial services firm looking to innovate and experiment with AI.

The regulator will let more firms know it is 'minded to approve' applications for authorisation when it thinks they can meet required standards.

The FCA's chief says the changes would "support home ownership and opening a discussion on the balance between access to lending and levels of defaults".

The AI chatbot answers criteria queries instantly from internal staff, brokers and customers.

The West Brom has partnered with Netcall to digitalise its application process for new savings accounts.

Almost a third of firms who applied for finance in Q2 were offered a rate of 11% or more.

Firms can apply from the banking, investment, lending, payments, insurance and pensions sectors.

A fifth of brokers say that very few lender proposition updates in the last year have enabled them to help more of their clients.

The tool enables lenders to price and deliver improved mortgage propositions.