AI-driven Decentral Autonomous Bank
Our long-term goal is to deliver AI-driven Decentral Autonomous Bank. It's the bank that has all the same capabilities as TradFi custodial banks. But clients control their assets - not the bank.
SmartCredit.io started as a fixed-term, fixed-interest borrowing platform. However, our long-term vision is to launch an AI-driven "Decentral Autonomous Bank" (DAB).
DAB offers the same functionality that traditional banks offer. However, the DAB doesn't control client assets as traditional banks do, but the clients have self-custodial asset custody. The clients choose which services of the DAB they use. The clients are not stuck with the service provider; they can switch anytime.
The key functionalities of traditional banks are:
Self custody
available via self-custodial wallets
Payments
available via self-custodial wallets
Credit and Lines of Credit
implemented via the Credit Lines
Lending and Fixed Income Funds
Implemented via the personal Fixed Income Funds
Fixed rate leveraged Lido staking
Implemented via fixed rate leveraged staking
User Segmentation
Via https://chainaware.ai User Segmentation
Transactions Monitoring
Via https://chainaware.ai AI-based Crypto Transaction Monitoring
Fiat conversion on-ramp/off-ramp
Implemented in partnership with Mt Pelerin
Exchange
Implemented in partnership with LetsExchange
KYC
Implemented. Full activation after FATF regulations are introduced
Investment funds
Pending
Uncollateralized credit
Pending
When DAB is implemented, traditional banks will no longer be needed. Everyone will need only his wallet and access to SmartCredit.io.
Further info
SmartCredit.io: https://SmartCredit.io
Twitter: https://twitter.com/Smartcredit_io
Telegram: https://t.me/SmartCredit_Community
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