The "smart" bank account app with an artificial intelligence personal financial assistant Alice
- Live exchange money service at interbank rate* under FCA licence
- Network of over 30,000 companies and over 40,000 investors
- Fully Tested basic Web, Android, iOS app that can be launched
- Development of data, behavioural artificial intelligence platform
The lending process, whether loans or mortgages, hasn't changed a lot during the last decade. When assessing applicants’ financial reliability, lenders globally have traditionally relied on credit scores and reporting agencies, employment history, regular income, recent bank account and payment history.
Build a mobile app which uses artificial intelligence and machine learning to enhance customers credit profile and make borrowing more accessible. Allowing higher loan amounts, lower interest rates and better loan and mortgage offerings. We aim to lend microloans to underbanked customers. This will enable credit cards access to customers without credit history or national insurance number. Our customers will have the ability to choose from a set of different payment options ranging from paying directly (up to 30 days later) to multiple interest-free rates. Our ambition is to facilitate loan and mortgage approvals via mobile devices in the space of a few hours.
We make money in different ways, allowing users best experience according their needs:
· Foreign exchange commission. When a customer exchanges currencies they will perform a cross border money transfer.
· Interchange commission that is paid each time customer conducts payment with a prepaid debit card.
· Monthly platinum subscription that will offer more competitive banking service rates, relevant rewards, discounts from retailers, hotels, airlines, restaurants and other partners that are tailored specifically to customers.
· Commissions from third-party partners that are offering rewards and third-party offers based on customer specific needs, tastes and risk profiles (mortgages, car loans, insurance, etc.).
· We intend to provide loans later as an agent lender, which will generate additional interest income.
· Merchant payments commission.
· Help customers in other areas and earn commission.
· Scale globally.
It’s a huge market and so far we’re just scratching the surface.