Australian neobank Xinja has selected IRESS’ home loan workflow platform for swift paperless mortgage processing.

The technology vendor said that the partnership will provide Xinja with a home loan workflow platform that delivers ‘fast decisions’ for consumers.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Xinja chief executive and founder Eric Wilson said: “Applying for a home loan requires a myriad of third-party processes, from knowing-your-customer assessments, to the consumer lodging the application, property valuation and risk.

“IRESS technology speaks to third parties, and manages the workflow quickly and smoothly.”

Home loans

The IRESS home loan platform automates the complex workflows to enable faster turnaround times as well as reduce operating cost for the lenders.

Furthermore, the utilisation of the platform, called IRESS MSO, is expected to enable Xinja to streamline the home loan application process. In addition, it will ease subsequent approvals.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

IRESS CEO Andrew Walsh said: “We are pleased to bring our MSO solution to the Australian market for the first time with Xinja.

“We are seeing strong demand as clients continue to look for enhanced digital experiences and lenders look for streamlined integrated processes.

“Our solution is highly configurable, flexible and able to be integrated – making it suitable for all mortgage lenders regardless of size and operating model.”

Earlier this month, Xinja selected SAP Cloud for Banking to power its forthcoming independent digital bank.

In February, the neobank secured Australian Credit Licence from the Australian Securities and Investments Commission.

Currently, it awaits Australian Financial Services Licence (AFSL) from ASIC and banking licence from the Australian Prudential Regulation Authority.

IRESS is currently operational in seven countries offering software solutions to banks, lenders, stockbrokers, financial advisers and other entities.