Fintechs collaborate to streamline lending solutions for APAC lenders

New Zealand-based origination, workflow and credit decisioning platform Credisense and SaaS banking and financial services platform Mambu have collaborated to "fuse" their two tech platforms.

The fusion creates an end-to-end lending platform that supports loan origination through to loan collections through a no-code, configuration-based technology stack.

The partnership aims to assist lenders in keeping costs down as well as enabling them to modernise their technology systems, launch new products and services, and better serve their customers.

In addition, the partnership aims to support lenders in developing products in-house without the need to hire engineering-heavy teams.

Co-founder and director of Credisense Richard Brooks said: “We’re extremely excited to partner with Mambu to offer an alternative end-to-end lending platform to lenders throughout Asia Pacific.

“With our shared cloud-native, digital-first approach, together we can help lenders struggling under the weight of technology debt and antiquated systems to modernise, simplify and future-proof their businesses.”

Mambu general manager, Australia and New Zealand, Paul Apolony, stated that Mambu is “committed to working collaboratively within the fintech ecosystem”.

“With Credisense, we’ve partnered with an organisation that, like us, is dedicated to helping organisations to leverage the latest technology to deliver amazing experiences for their customers and improve the overall experience of lendingn,” Mr Apolony further stated.

“Our new joint initiative is going to be instrumental in opening up a range of new opportunities for lenders across the Asia Pacific region.”

Lenders focusing on tech innovation

The announcement comes as more lenders look to innovate and digitise their mortgage processes.

Earlier this year, the Commonwealth Bank confirmed that it had aligned with Mambu as a means to grow the recently launched Unloan.

This focus on simplicity appears to be a factor in the decision to partner with Mambu, according to CBA chief architect Brendan Harrap. 

“Partnering with Mambu is an investment in future-proofing CBA,” Mr Harrap said. 

“Mambu’s software-as-a-service (SaaS) cloud banking platform will enable us to bring in best-in-class solutions from other high-performing fintechs and vendors, build financial solutions that meet the demands and expectations of our customers, and retain our position as Australia’s leading bank.

Mambu also has partnerships with Bluestone Home Loans and Western Union. 

[Related: CBA partners with Mambu over digital home loan]

Adrian Suljanovic is a journalist at Broker Daily with more than two years experience reporting on all facets of the third party distribution channel.

Adrian has written for a range of business and finance titles including IFA, Investor Daily and Lawyer’s Weekly before joining the mortgages team in 2022.

He graduated from the University of Wollongong in 2021 gaining a Bachelor of Communication & Media with a major in Digital & Social Media.

E-mail Adrian at: This email address is being protected from spambots. You need JavaScript enabled to view it.