LoanOptions.AI Partners with Wych.io to Deliver Seamless Open Banking Experiences for Australian Borrowers
SYDNEY, AUSTRALIA – LoanOptions.AI, Australia's fastest-growing finance technology provider and brokerage, today announced its partnership with Wych.io as its Open Banking provider under the Consumer Data Right (CDR) representative agreement.
The award-winning fintech has chosen Wych.io to deliver open banking within its industry-leading end-to-end loan application and matching technologies, assisting its 1,500+ broker partners to adopt CDR Open Banking more rapidly.
As a CDR-accredited provider, Wych provides instant access to high quality, accurate, compliant customer financial data whilst maintaining bank-grade security standards, to ensure the fastest, most relevant loan options for each customer.
Wych.io has established itself as a leading tech-first, agile open banking provider with a single API/no code solution to support clients across the spectrum; from innovative startups to Tier 1 banks in both Australia and New Zealand.
Ben Ford, Wych, and Julian Fayad, LoanOptions.AI
Since entering the Australian open banking ecosystem in 2018, Wych has been at the forefront of making CDR compliance pain-free and profitable for businesses navigating data sharing obligations.
"We're building advanced technology that’s making the lending process as painless as possible for borrowers, brokers, and lenders from end to end, while simultaneously strengthening the broking channels in Australia and New Zealand. Open banking is a fundamental part of providing a faster, more accurate, and more transparent loan matching experience,” said Julian Fayad, Founder and CEO of LoanOptions.AI.
“Partnering with Wych allows us to do this while putting our clients and the clients of our many partners firmly in control of their own data. Our entire suite of solutions will be strengthened by the technology, including AILO for asset brokers and HAILO for mortgage brokers, accelerating CDR open banking across the broking industry.”
Ben Ford, Country Manager - Australia at Wych, said: “Open banking is at a tipping point here in Australia, and the fact that highly innovative organisations like LoanOptions.ai are now demanding to make the make the switch, is a testament to the work that has been done by all industry participants to constantly improve the data quality provided under the Consumer Data Right.”
"Our APIs are built for agility and compliance, making CDR implementation straightforward for innovative fintechs like LoanOptions.AI. We're proud to support their mission of democratising access to fair lending."
The integration is expected to go live in Q4 2025.
About Wych:
Wych is a leading Open Banking solution provider based in Australia & New Zealand.
An early participant in the Australian Open Banking ecosystem, Wych’s solutions span data-sharing software for Banks, Non-Bank Lenders and Fintechs, compliance and governance tools for Banks & other Financial Institutions, and testing services to ensure government-mandated data standards are met.
With a client roster spanning Tier 1 Banks in Australia and New Zealand, Non-Bank Lending Institutions and a range of Fintech providers, Wych is committed to improving financial outcomes for consumers.
For more information, please visit https://www.wych.io/
About LoanOptions.ai
LoanOptions.ai is an award-winning and pioneering finance technology provider and brokerage headquartered in Sydney with offices in Perth and Auckland.
For over half a decade, LoanOptions.ai has been building AI systems that provide a fast, accurate, painless, and transparent end-to-end lending experience for borrowers, brokers, and lenders alike, while strengthening the broking channel.
LoanOptions.ai has developed the world’s first five-minute digital loan application journey that has reduced manual onboarding by up to 90% and the world’s first unbiased loan matching engine that reveals loan options that a user is actually eligible for across more than 90 lenders with actual rates and fees displayed in real time, with absolutely no impact on their credit score, to name just a couple of technologies in its ever-growing and ever-refining suite of solutions.
Another is Synapses, a scalable plug-and-play API ecosystem connecting dozens of essential services via a single integration point with built-in NCCP compliance and supports AI agent development through Model Context Protocol (MCP).
Its dedication to leading industry innovation has been recognised with the countless industry awards, including Technology Service Provider of the Year at the 2024 and 2025 Australian Broking Awards and Best Industry Service at the 2025 Australian Mortgage Awards.
For more information, please visit https://www.loanoptions.ai/
