Sesame Bankhall and Aviva to fund blockchain platform

Sesame Bankhall Group (SGB) and Aviva have invested £5m into Acre Software, a start-up platform for advisers. According to the Intermediary Mortgage Lenders Association report, February 2019, nearly three-quarters of mortgage applications have an adviser involved despite direct-to-consumer (D2C) propositions disrupting the market and increasing competition. Using blockchain to bring together all the components of the mortgage advice process into one unchangeable ‘record of the transaction', Acre is designed to speed up the mortgage and protection application for clients without fragme...