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 | 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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