MEDIA RELEASE 15 FEB 2017

NEW FINTECH BRAND, ONLINE HOME LOANS, LAUNCHES IN AUSTRALIA

Disrupting Financial Services with Artificial Intelligence

Melbourne: Online Home Loans is set to disrupt the financial services industry in Australia by enabling consumers to get a home loan with the use of Artificial Intelligence.

Founded in 2016 , Online Home Loans has been established in response to the inefficient practices within the home loans and broking industries and their lack of technology innovation.

Increasingly people are showing they want to purchase their home loan online or with the assistance of phone, email and Skype style support, rather than having a broker visit them in their home at night.

Murray Lees, Head of Loan Products at Online Home Loans said, “The broking industry has changed very little in the last 20 years. There have been some advances with technology using online application forms and email, however it remains a largely manual process. Online Home Loans will change the traditional way that financial services are provided with a technology platform that will revolutionise the way clients interact and apply for home loans.”

The technology, underpinned by AI, which is currently in Beta testing has received extremely positive feedback from loan applicants such as, “…it was easy to use and it didn’t feel strange at all”; “easy step by step application that was quick and logical”; and “I loved the quick submission of documents.”

In its final version the platform will have the ability to autonomously and efficiently convert website visitors to leads and ultimately clients. Human expertise will intervene in the process only when it is necessary and/or adds value to the client experience.

Having completed their seed funding at the end of 2016, Online Home Loans is looking to raise funds for the further development and growth of the business and AI technology.

About Online Home Loans:

Online Home Loans is the new and easy way to get a home loan. Whether it’s a loan for your first home, or you’ve built an enviable property empire we can help. We make the home loans process streamlined, simple and painless. For more information on Online Home Loans visit us online at www.onlinehomeloans.com.au

Contacts:

David Katic
Online Home Loans
1300 135 456

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