Australian lender Westpac has launched a new platform that leverages customer data to deliver personalised information in real-time to home buying customers.
Dubbed Wonder, the new platform will enable eligible customers view the amount of equity in their property, thereby empowering home owners and buyers make more informed decisions.
Wonder, in combination with Corelogic RP Data, will enable users search for properties in suburbs and calculate the affordability of properties within that suburb depending on their personalised financial profile, Westpac home loan rates, fees, stamp duty as well as other expenses, the bank said.
Westpac service revolution transformation general manager Melanie Evans said: "Wonder goes a step further than other banks to show customers the current equity they have in their loan to give them the confidence of knowing the value of their property, and their options for the future.
"Eligible Westpac customers will be provided with personalised options to unlock the possibilities in their property, to upgrade, renovate or purchase another property. Customers who currently do not have a home loan with Westpac will be able to view what they can currently afford to assist them in getting their foot on the property ladder."
The new technology, which can be accessed via Westpac Live online and mobile banking, is scheduled to be rolled out to customers from October 2015 to January 2016.