I'm Tommy Ongena

If you can Think it, you can do it

Changing your tires yourself saves both time and money. Instead of spending over an hour driving to a garage, waiting, and paying for the service, you can complete the job in just 30 minutes at home. With the right tools, it’s efficient, flexible, and gives you full control over the process, freeing up your time and keeping your wallet intact.

Did you know that Data Scientists spend only 20 % of their time doing data science?
Most of their time is spent struggling with computers, hardware and software, waiting for deployment issues to be fixed, dealing with complex IT processes, talking to support, etc. When they run complex big data processes (typical Sequencing analysis start with several hundreds GB of raw data), they often end ud starting an analysis multiple times tweaking parameters until it eventually works.

Did you know that Biomedical Data Science results CANNOT easily be reproduced?

It might seem strange as it’s all about mathematics, but it is a well documented fact. It’s a key part of the current more general reproducibility crisis in Science 1,2. Data Analysis is cumbersome. Producing a Yes or No decision for a drug, a vaccine or a device for one patient or thousands implies running millions lines of code written in many different programming languages.The smallest change in a single step can have a huge impact making a result not reproducible.

“More than 70% of researchers have tried and failed to reproduce another scientist’s experiments, and more than half have failed to reproduce their own experiments. Those are some of the telling figures that emerged from Nature’s survey of 1,576 researchers who took a brief online questionnaire on reproducibility in research.”

Is there a solution?
YES: Palaamon! What do they offer?

– Frictionless Deployment: Zero deployment effort, zero instantiation effort. Once loaded in Palaamon, any complex data analysis module can be used in Research or in Development in compliance with all health regulations. Palaamon enables focusing on Data Science without compromising anything.
– Cloud-Native: Palaamon is built using last generation of cloud-native software architecture. It ensures jobs distribution with the highest performance for the lowest cost and power consumption. It scales up horizontally as well as vertically on demand. Yet, it also ensures IPR of data as well as of calculation modules.
– AI Based: LLAAMA has developed AI modules to optimize cloud resources usage for big data processing modules using historical data. We also combine advanced probability methods and signature calculations to produce similarity likelihood scores between results.
– Transparent, Traceable, Reproducible:Palaamon takes transparency to its deepest ground. Everything is tracked and nothing can be tampered. The code execution becomes its own mathematical proof. Palaamon supports quality standards like GxP, 21 CFR Part 11 and ISO/IEEE 11073.
– Marketplace: Palaamon provide a software market to enable anybody to deploy or use complex data analysis modules. It will become a hub to share analysis modules and to interact with their authors. It will enable a new dimension of data analysis, giving anybody access to the best scientific methods.

Hyppo.CH, a digital home financing portal for expats in Switzerland, has partnered with Oper Credits for a complete digital mortgage journey with increased accessibility to digital-savvy expats which will be available April onwards.

Keen Innovation AG, the external innovation lab of Basler Kantonalbank and Bank Cler had launched Hyppo.CH in 2020. Hyppo supports expats in navigating through the complex Swiss home buying and mortgage process.

Hyppo will expand its services further, allowing its users to request a mortgage through its website where BKB and Bank Cler will then process these applications in the background.

Hyppo Teams up With F10 Alumni OperCredits to Offer Digital Mortgage for Swiss Expats

Keen Innovation AG, the external innovation lab of Basler Kantonalbank and Bank Cler had launched Hyppo.CH in 2020. Hyppo supports expats in navigating through the complex Swiss home buying and mortgage process.

Hyppo will expand its services further, allowing its users to request a mortgage through its website where BKB and Bank Cler will then process these applications in the background.

Hyppo initiative ties in with Oper Credits aim to reimagine the mortgage origination process by offering banks an out-of-the-box, white-labeled SaaS product that supports the mortgage process.

This includes digital client onboarding, document exchanges, e-signatures, and smart pricing and scoring.

Oper will provide Hyppo with its digital client portal allowing them to apply for a mortgage in a completely digital, mobile-first journey.

In parallel, Oper’s advisory portal will also capture leads and allows for efficient handling by client advisors enabling a hybrid process with human advisory interventions.

Thomas Leber, CEO of Keen Innovation said:

“Given the digital readiness of most expats, we want to serve Hyppo.CH clients with a 100% digital journey. With Oper, we have a partner that brings a wealth of expertise in mortgage digitization and understands the complexity of the Swiss market.

This collaboration can act as a blueprint for future collaborations. This partnership will also mark the first 100% digital application flow for both Basler Kantonalbank and Bank Cler.”

(reference: https://fintechnews.ch/online-mortgage/hyppo-ch-and-oper-credits-to-offer-a-fully-digital-mortgage-experience-for-swiss-expats/42473/)

Digital mortgages are on the rise, but lenders are still lagging behind

Buying a home is one of life’s biggest milestones. You’re not only acquiring space to live, but also building the foundation for your future—building a space for your loved ones, your children, and maybe even the generation after.

Unfortunately, the journey to buying a home is often difficult and—in many cases—stressful. Choosing the right neighborhood, finding the perfect property and transforming it into your dream home. There are a lot of decisions to make and aspects to think about. All these little things add up, and on top of this you need to think about how you’re going to finance everything.

If you recently applied for a mortgage, you probably experienced a service that has not changed significantly in the past 20 years. Despite rapid technological change in most other industries, the process of closing a home loan is still similar to how the generation before us experienced it: An overwhelming amount of paperwork combined with inefficient communication between you and your bank. The journey from the initial contact with your lender to the release of funds to buy your property is still long and cumbersome.

Customers expect an Uber-like experience when applying for a credit

“I can process an order from my favorite Italian restaurant with my iPhone, can follow the delivery route of my €10 pizza in real time and can pay the restaurant without even touching my physical wallet. But when I want to buy a €600k property, I have to take a day off just to bring documents like my ID to my bank. And when it comes to negotiations about the pricing, it delays the processes even more. Some things are not very aligned here”

Summarizes Peter, a 33-year old marketing manager who recently bought a house and partly financed it via a mortgage from his bank.

Peter’s comparison shows quite clearly where the expectations of generations Y and Z lie and how traditional approaches do not work for them. These consumers, and the generations to come, expect mobile-first digital experiences in every aspects of their lives, and are often met with disappointment when taking important steps like buying a home.

This gap between existing processes and consumer expectations is backed by the latest research, as a study conducted by the Boston Consulting Group shows that 80% of recent home buyers would have liked to use a digital tool to close their mortgage.

While the traditional mortgage market is growing only slightly, we are seeing exponential growth in digital mortgages. It is just a matter of time until new entrants will enter and disrupt the market, as we’ve seen with online banking (N26, Revolut, etc.).

For traditional banks, it’s now enormously important they rethink their existing mortgage offerings and processes in order to make the necessary changes today, so that tomorrow’s customer will not be disappointed.

How Oper helps banks create world-class credit experiences

Oper was founded for a reason. Our vision is to enable any mortgage offering to become available through digital channels. We provide our clients with best-in-class financial technology and integrate it seamlessly into their existing IT landscape. We believe, that a bank should do what a bank does best – fostering customer relationships. Oper takes care of the rest, so lenders can focus on their clients.

If you want to find out how Oper can add value to your organization, don’t hesitate to contact us for a demo.

Did you like this article? Share it on Linkedin or Twitter using the Hashtag #TheLoanRevolution!

Die Zukunft des Hypothekenabschluss liegt online