Tech Trends in the Mortgage Industry
In recent years, Millennials have made their long-awaited entry into the housing market. As the first generation to grow up in the digital age, they approach house hunting very differently from previous generations. Millennials are wealthier, less rooted, more tech-savvy and more demanding than generations that came before. Their entry into the housing market will put many established practices to the test.
Millennials are the first generation to grow up in the Internet Age, meaning there is little distinction between the off- and online for them. For Millennials, these worlds are naturally woven into every facet of their lives. They maintain friendships via Facebook, find jobs via LinkedIn, share travel experiences on Instagram and find love via Tinder. With their entry into the housing market, Millennials project their app-driven reality onto the mortgage process, a development that Hyarchis outlines by means of the five trends identified in their new ‘Defining Mortgage Tech’ report.
Click on the link below to download our free ‘Defining Mortgage Tech’ report now.
Adoption of AI
Artificial Intelligence has developed rapidly, especially in recent years. Not so long ago it was still an experimental technology with limited use in the financial services industry. In recent years, however, Artificial Intelligence has evolved from a technology to watch to a technology to embrace. As a result of this rapid development, Artificial Intelligence has experienced a boom and is now present in daily working life.
In this research report, we take a closer look at how Artificial Intelligence is used within the financial services industry. Together with market leaders, we look at the most important AI applications and the factors that determine effective use of the technology. What is particularly interesting here is the rapid maturation of the technology. While Artificial Intelligence was mainly used in an experimental context up until recently, the technology is now poised to change the competitive dynamics within financial services forever. The report explores in depth the cause of this phenomenon and how organizations can use AI to stay one step ahead of the competition.