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:

Feature
Status

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

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

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

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