The home loan market could soon be disrupted thanks to cross-disciplinary research by a University of Queensland student team in partnership with the Commonwealth Bank (CBA).
Over 12 weeks, five students collaborated with UQ staff and CBA executives to research the potential of ‘smart lending’. The students formed their own startup, LendX, and developed a smart lending business model to simplify and automate home loans and help customers easily alter their loan contracts.
The UQ-CBA project was funded by a $100,000 contribution from CBA.
Staff from UQ Business School, the School of Information Technology and Electrical Engineering, Idea Hub and ilab provided their knowledge and expertise to the project, while CBA staff ran initial training sessions for students on campus.
