FINTECH LENDING HOLY TRINITY IS COMPLETE; LoanOptionsAI - MogoPlus.ai - Wych
Julian Fayad, Founder and CEO at LoanOptions.ai, and Ben Ford, Head of Sales at Mogoplus.ai, at the LoanOptions headquarters in Sydney
LoanOptions.AI, Australia's award winning finance technology provider and brokerage has announced it will integrate the advanced bank transaction categorisation technology from agentic AI Solutions provider MogoPlus.ai.
Having recently partnered with Wych.io for Open Banking delivery under the Consumer Data Right (CDR), this additional integration supports LoanOptions.ai's proprietary Auto-complete Contextual Engine (ACE) which prefills client income, expenses, and liabilities.
The combination of data access via Wych.io and now data intelligence via Mogoplus.ai will deliver unprecedented speed and accuracy in the calculation of a client's true financial position, reducing application time for brokers and clients alike.
This partnership reflects MogoPlus.ai’s commitment to driving operational innovation and supporting lenders with precise, actionable analytics for an improved customer experience and lower costs of origination.
"We've built an award-winning end-to-end loan application and matching technology that we use in our own brokerage and license to thousands of other businesses.
In order to make the loan process as fast, transparent, and easy as possible for all involved, you need more than just raw bank data. You need intelligent categorisation.
We're proud to partner with Mogo to turn Open Banking data into true, decision-ready intelligence and eliminate the manual admin that costs brokers time and causes customer friction." - Julian Fayad, LoanOptions.ai Founder and CEO
LoanOptions joins Mogo’s suite of customers including 2 of Australia’s Tier 1 Banks, a large Middle Eastern Bank, Customer Owned Credit Unions and a raft of Digital Lending Platforms and Non-Bank Lenders.
MogoPlus.ai Head of Sales & Partnerships, Ben Ford, added: “Julian has built a unique Fintech business that is a credit to him and his team. They are changing the paradigm in finance broking, workplace culture, and pushing boundaries in A.I and growth.
We’re delighted they have chosen to partner with Mogo using our existing product suite whilst also setting the foundations in place to embrace our ‘hybrid’ A.I solutions in the future as we continue our own journey towards agentic A.I-led customer solutions.
The fact that so many high volume and innovative Fintechs are now making the transition to Open Banking, with confidence that performance will be, not only maintained but, improved bodes well for the future of the Consumer Data Right.”
