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Anonymous
Futurist Thread
2016-07-18 14:49:19 Post No. 55633045
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Futurist Thread
Anonymous
2016-07-18 14:49:19
Post No. 55633045
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>apps are the stepping stone to the computationally/algorithmically controlled "Age of Abundance"
>Mortgage process
Used to require stacks of paper, in-person meetings, income and background checks, constant back and forth
Now apps like rocket mortgage have turned it into a click-click-click process on your smartphone
Eventually you will just be able to provide your financial data and credit history as a permission and the app will do the rest for you
Credit worthiness will be calculated using machine learning algorithms on a remote server and your application will be denied or approved instantly
Eventually you will be able to permit multiple institutions to have access to your data and their algorithms will bid against each other to get you the best interest rate
You will be provided with your scoring metric to determine which areas of your financial data should be improved to secure a better rate
Money flows more easily and financial jobs are eliminated
Those who prosper will be the computer scientists and mathematicians that create ever more complex and accurate algos that judge your credit worthiness
