Related topic: Technology

The new platform includes an autonomous credit decisioning engine to help speed up the application process. 

Researchers asked the AI chatbot 100 finance-related questions, and its answers were reviewed by industry experts to confirm accuracy.

Manually reviewing payslips takes lenders an average of 30 minutes per application.

Three-year fixed rates have seen the largest reductions.

Among the new roles are CFO, product and delivery director, and commercial director.

The partnership expands into Dashly’s Lending Labs programme, enabling more personalised mortgage products and data-driven origination.

1 in 7 IFAs are already using AI in their practices, but the majority (64%) have no plans to.

Brokers can now extract verified information such as affordability, income, and risk indicators from bank statements, payslips, and tax returns.

PEXA’s sale and purchase proposition is currently in development and is planned to roll out in 2025.

James Towner, chief growth officer at ArvatoConnect, argues that financial services need to rethink support by humanising the digital and digitising the human to provide faster, more...