STUART CHEETHAM
STUART CHEETHAM
TITLE: CEO & CO-FOUNDER COMPANY: MQUBE
INDUSTRY: FINTECH / MORTGAGE LENDING
LOCATION: UK
Former Lloyds Bank Regional CEO for Asia, Stuart co-founded MQube in 2016 to transform mortgage lending using AI and blockchain technology, delivering one-day mortgage decisions. paves the way for a brand-new mortgage securitisation market via the blockchain which involves the pooling of mortgage debt into a tradable and investable mortgage security,” he says.
The practice became widespread in mortgage markets before the 2008 financial crisis and has operated under enhanced regulatory oversight since then. Securitisation provides lenders with increased liquidity and reduced capital requirements, which can translate into lower borrowing costsfor consumers as lenders gain access to cheaper funding sources.
Blockchain-based securitisation could make the process more transparent and reduce transaction times.
Mike Lear, Chief Information Officer, MQube, says:“ The mortgage industry remains constrained by siloed, legacy systems, from batch-based servicing platforms to opaque securitisation structures and fragmented data flows.
“ At MQube, we’ re using blockchain technology to build an architecture that redefines the entire mortgage lifecycle, from origination and servicing to validation, capital matching and securitisation.”
Jake Atkinson, Director of Growth at MQube, adds:“ Our goal has always been to show how technology can unlock new forms of value for lenders and investors. By moving mortgage assets on-chain, we’ re laying the foundation for a smarter, more liquid securitisation market that benefits the entire ecosystem.”
fintechmagazine. com 117