Open banking has been demonstrated at a recent event held by Smartr365 and HSBC to focus on the future of the ever-evolving mortgage technology market.

The event on 20 June in Canary Wharf focused on the future of the mortgage journey through a fully digital, frictionless and customer-led process, with tools that are able to streamline operations on all sides.

Using the full functionality of HSBC’s Innovation Centre, including an LED wall, interactive floor projection, and zoom room, attendees were able to experience live, interactive demonstrations of Smart365’s open banking solution.

Head of intermediary mortgages at HSBC, Chris Pearson, gave a talk about the importance of industry backing for these initiatives, ensuring a seamless, efficient mortgage journey for both brokers and customers.

Nationwide approved the roll out of open banking via the Smartr365 platform following the event, promising time saving benefits as well as minimised fraud and errors risks.

Founder and chief executive officer at Smartr365, Conor Murphy, said: “This event facilitated an insightful, industry-focussed discussion on the future of mortgage technology, and was a great opportunity for Smartr365 and HSBC to showcase the role that open banking plays in transforming the sector.

“The broker community is a crucial part of this transformation process. We encourage all advisers who are looking to expand their digital offering to join our network of over 3,500 users by getting in touch with our team to learn how mortgage technology tools, such as Smartr365’s homebuyer app, can boost efficiency within their business.”

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