Story: Stryd
Episode: 5
Presenter: Brad Hill
Air Date: 5th May 2024

Empowering financial decisions with data-driven insights, revolutionizing the mortgage industry and empowering consumers with transparent, competitive options.

• Technology platforms must lead the way in providing solutions to enhance transparency and access to bank product and pricing data, as banks and incumbents have been slow to comply with regulatory changes.
• Consumers increasingly make product choices online, and flexible technology solutions can empower comparison sites, consumer apps, and mortgage brokers to provide this data, benefiting consumers.
• Stryd, with over $47B worth of processed home loans, has found that more than 60% of mortgage holders are not on the most competitive product, potentially costing them thousands of dollars annually in additional interest payments.
• With 70% of Australians choosing to apply for loans through brokers, Stryd provides brokers with critical data previously not shared by banks, ensuring customers are on the most competitive offers.
• The rollout of Consumer Data Right (CDR) Legislation to non-bank lenders and other industries will provide technology companies with access to unprecedented data, allowing consumers to have more choice and a fairer process in obtaining suitable and competitive products.

For more information, head to:
https://www.regchain.com.au/