Natwest is developing a mobile mortgage product using distributed ledger technology.
In Brief:
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Natwest will join a consortium of software firms to develop a home buying process that works via mobile.
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The consortium includes Coadjute, Dezrez, Redbrick Solutions, eTech, Search Acumen, Conveyanching Data Services and LMS.
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Distributed ledger technology will be used to develop the service, with each member of the consortium a specialist in a different tech field.
What does this mean?
As well as speeding up the process of buying a house through a secondary app, Natwest hopes to help make the process more transparent for the buyer.
