Israel's Bank Leumi and Tarya Fintech have joined forces to develop and adapt Leumi's (core) mortgage system, the companies announced Wednesday.
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The goal of the partnership is to create a customizable digital mortgage platform, which will take into account customers' needs and financial decisions at various stages of their lives.
Leumi and Tarya Fintech intend the new system to alter the way mortgages are obtained, giving customers a user-friendly and transparent experience that is expected to cut down on bureaucracy and shorten the underwriting process.
The system, currently under development, will be available for use by Leumi and Tarya Israel in Israel; Tarya Fintech will be able to use the system to serve its customers worldwide.
