InfraRisk and Janko partner to launch next-generation digital lending platform in Australia
Melbourne, Australia, September 24, 2020 / PRNewswire / – InfraRisk Pty Ltd. (InfraRisk), a leading fintech solution provider specializing in digital lending solutions, today announced its partnership with Janko Loans Pty Ltd. (Janko) to launch a next-generation online lending platform. The platform leverages InfraRisk’s end-to-end and modular digital lending capabilities to deliver unsecured loans quickly and efficiently in Australia.
Janko is an Australian credit licensee based at Brisbane which aims to serve mainly the under-banked population with cutting-edge technologies and to stimulate financial inclusion in Australia.
Statistics show that there are around 3 million people in Australia who do not have access to credit products from traditional financial institutions. These people are not or underserved because traditional lenders find their credit needs for small amounts unattractive due to high origination or management costs.
With a streamlined process and integrations to automate KYC, analysis of bank statements and real-time payments, Janko’s new platform makes it possible to deliver loans efficiently, easily and instantly, while remaining compliant with regulations.
Nicolas davies, Founder and CEO of InfraRisk, said: “We look forward to the application of our digital lending platform in Australia and applying global best practices in automation and AI-based risk models to create a fair and efficient lending solution for this segment of the market. “
The technology platform itself can also be used to power Buy Now Pay Later products. In September 2019, Roy Morgan found that 1.95 million Aussies (or one in 10) had used at least one BNPL service – like Afterpay or Zip, up 41.3% from a year ago. “Infra’s technological platformRisk used by Janko is key to helping financial institutions build similar service capabilities and join this growing consumer trend,“Nicolas continued.
The full functionality of InfraRisk’s digital lending solution enables a highly automated lending process that delivers the world’s best operational efficiency. With the introduction of Open Banking in Australia, the company’s extensive experience in applying big data analytics, artificial intelligence, machine learning and anti-fraud algorithms ensures that InfraRisk lending solutions are able to determine the An applicant’s credit standing and disbursing loans in seconds while meeting strict regulatory guidelines and practicing responsible lending practices.
InfraRisk enables Janko to manage the entire loan lifecycle, from loan creation to loan collection, to be fully automated and delivered through digital channels, dramatically improving the efficiency and effectiveness of online activities of the lender.
“The law on consumer data rights served as the basis for an open bank in AustraliaMr. Davies said. essential for credit assessment and risk management in real-time digital loans. “
Incorporated in November 2008 and headquartered in Melbourne, InfraRisk has more than 10 years of experience in providing FinTech to banks and financial institutions in Australia, Europe, China and through the Asia Pacific.
InfraRisk is a leading fintech specializing in digital lending solutions. Established in 2008 and based in Melbourne, InfraRisk has over 10 years of experience in providing FinTech to banks and financial institutions in Australia, Europe, China and through the Asia Pacific. Leveraging its scalable and reliable technology infrastructure and in-depth industry knowledge, the company offers its partners a full suite of end-to-end customized solutions, ranging from payday loans, buy now pay later, SME loans, corporate and business loans and wealth management. . For more information, please visit www.infrarisk.com.