Ruth Hatherley is the founder and CEO of Moneycatcha Pty Ltd, which uses blockchain technology to vastly improve the mortgage origination process from 42 days to five. Previously, Hatherley was with Mortgage Choice and Commonwealth Bank. After working in the finance industry for over two decades, she founded the fintech startup that’s focused on revolutionising the Loan Origination Process to deliver improvements in speed, efficiency and security for financial institutions and consumers simultaneously. Throughout the last decade, Ruth has worked in organisations that have regularly received industry awards from Mortgage Choice, MFAA and Better Business Awards. Moneycatcha has also been mentioned in industry publications like MPA and The Advisor as well as quotes in national business and local newspapers like The Financial Review, The Voice and The West Australian. Because of the consistent industry leading commentary & performance, Ruth regularly presents at seminars and providing media comment about the finance industry, which is something she loves doing to help educate more Australians about ways to achieve their dreams through the right finance options.
Ciolek said regulators have been concerned about automation and digitising. 42 days is the average application process and its getting longer.
Baum noted that his company uses 22 different technologies and put them together to achieve our end to end process.
Hatherley noted how new technology in homechain and regchain was helping redesign end to end home loans using blockchain. “Its for organisations trying to future proof. No-one wanted to do it first so we did it.”
Turner said consumers will act in their own self-interest if you give them the information. We’re trying to get rid of the information advantages that banks and brokers have had.