Five months after it obtained a deposit-taking licence from the regulator APRA, the Australian digital bank 86 400 has started offering home loans with next to no paperwork, speeding up the time it takes from application to approval.
Australian digital bank UBank says its “world first” digital home loan application assistant, powered by artificial intelligence, will be available in Australia for the first time in late February.
Digitisation of office functions has sped up life for many people in metropolitan cities and removed many a headache in the process. Given that, it is passing strange that the National Australia Bank, one of the big four in the country, takes an interminable amount of time to allow one to move away from its embrace.
Australian loan bidding platform, LoanDolphin, has raised $1.1 million from key investors, with the funds to be used to expand its presence in capital city markets and in a bid to claim a stake in Australia’s $1.5 trillion home loan market.
A new Q&A expertise platform has launched to "empower consumers to make better decisions" regarding "home loans, super, legal, real estate, business, cars, insuranc"’ and more.
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