{"id":5993,"date":"2022-03-05T23:37:29","date_gmt":"2022-03-05T23:37:29","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/zozocoin-whitepaper\/"},"modified":"2022-03-05T23:37:30","modified_gmt":"2022-03-05T23:37:30","slug":"zozocoin-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/zozocoin-whitepaper\/","title":{"rendered":"ZoZoCoin Whitepaper"},"content":{"rendered":"<div id=\"post-1654\">\n<div class=\"entry-content\" readability=\"53\">\n<p>Abstract<\/p>\n<p>Digital transformation has continued to inuence the banking industry in a big way. It is evident from the<br \/>recent IDC Financial Insights survey that one-third of the IT budget of US banks are dedicated to achieving<br \/>digital transformation in the next ve years. Technology is at the forefront, shaping the industry and enabling it<br \/>to meet the needs of the clients. The mortgage industry is witnessing a signicant transformation with the<br \/>increase in the number of nontraditional lenders who account for 37 percent of mortgage originations in the<br \/>US. Such nontraditional lenders are not bound by geographical restrictions or a brick-and- mortar network.<br \/>Reports from Fannie Mae indicate that only ve of the top 20 mortgage originators in 2006 are still active in<br \/>today\u2019s mortgage market. In order to stay relevant to clients and survive in the market, mortgage lenders need<br \/>to reorient themselves and look at ways and means to accelerate mortgage processes, thereby reducing the<br \/>mortgage turnaround time. Currently, it typically takes 50\u201353 days to close a mortgage loan with timelines<br \/>being primarily driven by countless processes and numerous players that a typical mortgage application<br \/>passes through.<\/p>\n<p>Automation is already a known facet of the banking industry, but it is limited more towards automating<br \/>some of the routine tasks within the same system. To take things further, mortgage lenders can look at robotic<br \/>process automation (RPA) to assist them in their journey towards achieving excellence. By adopting RPA,<br \/>lenders could replicate what a human being does as part of any routine process, guided by a set of rules<br \/>without any limitation on the type or nature of the associated system. Such software robots could access the<br \/>loan origination system, open a word document \/ spreadsheet, and send emails with Outlook to perform a<br \/>process, as long as it is well-dened VIA SMART CONTRACTS.<\/p>\n<p> ZoZoCoin Website <br \/>ZoZoCoin Whitepaper <strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Abstract Digital transformation has continued to inuence the banking industry in a big way. It is evident from therecent IDC Financial Insights survey that one-third of the IT budget of US banks are dedicated to achievingdigital transformation in the next ve years. Technology is at the forefront, shaping the industry and enabling itto meet the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5993","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/5993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=5993"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/5993\/revisions"}],"predecessor-version":[{"id":5994,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/5993\/revisions\/5994"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=5993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=5993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=5993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}