Nik said: “We will definitely do mortgages for consumers, because when I look at all the mortgage processes, it can take one to two months. He outlined the plans on the Irish Indepedent’s Big Tech Show with Adrian Wreckler, as the pair met at the Web Summit in Lisbon, Portugal. Everything would be instant and automated.” “Ultimately, what we want to build is a frictionless experience that is 100% digital, so that within the app, you apply for the mortgage, select the house that you want to buy and then be emailed at the same time. The first one is a mortgage financed by us as a bank, or it could be like a mortgage introduction. Nik said: “It could be one of two models, or a combination. He outlined that the process could follow a combination of models, but, essentially, it would all take place on the app in an “instant and automated way”. The process of applying for a mortgage through the app would be “a frictionless experience” and “100% digital”, Nik Storonsky said. Read more: 'My sister says the little town is broken' - devastated Shay Given's Creeslough connection The CEO of Revolut has said the company could begin to offer mortgages to users across the world, including Ireland, where it is used by 2 million people. It comes as the platform moves towards becoming a “super app” amid its latest development to include instant messaging. Financial tech company Revolut could start offering mortgages to Irish users, CEO and co-founder Nikolay Storonsky has said.
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