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.
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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 - clients have self-custodial asset custody. The clients choose which services of the DAB they use and are not locked in to any service provider.
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 Credit Lines |
| Lending and Fixed Income Funds | Implemented via personal Fixed Income Funds |
| Investment Funds | Implemented via Personal Investment Funds |
| Portfolio Management | Implemented via Broad Portfolio and Categories based Portfolio |
| Liquidation Protection | Implemented via Protection Agent |
| Rate Analytics | Implemented via Compare Historical Rates |
| Transactions Monitoring | Implemented via ChainAware.ai AI-based Crypto Transaction Monitoring |
| Fiat conversion and Exchange | Implemented in partnership with LetsExchange |
| KYC | Implemented. Active under MiCA 2024 and FATF Travel Rule frameworks. |
| Uncollateralized credit | Pending |
When DAB is fully implemented, traditional banks will no longer be needed. Everyone will need only their 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
- Blog: https://SmartCredit.io/blog
- Learn: https://SmartCredit.io/learn