LoanOptions.AI, a finance technology provider and brokerage, has partnered with Wych.io as its Open Banking provider under a Consumer Data Right (CDR) representative agreement.
The partnership will see Wych.io deliver Open Banking services within LoanOptions.AI’s end-to-end loan application and matching platform, helping its network of over 1,500 broker partners adopt CDR Open Banking more efficiently.
As a CDR-accredited provider, Wych.io offers secure access to accurate, compliant customer financial data, enabling faster and more relevant loan options for users.
Since joining the Australian Open Banking ecosystem in 2018, Wych.io has positioned itself as a technology-driven provider supporting clients from startups to Tier 1 banks in Australia and New Zealand.
“We’re building advanced technology that makes the lending process as seamless as possible for borrowers, brokers, and lenders, while strengthening the broking channels in Australia and New Zealand,”
said Julian Fayad, Founder and CEO of LoanOptions.AI.
“Partnering with Wych allows us to do this while ensuring clients remain in control of their own data. The integration will enhance our solutions, including AILO for asset brokers and HAILO for mortgage brokers, accelerating Open Banking adoption across the industry.”
Ben Ford, Country Manager, Australia at Wych.io, added:
“Open Banking is at a tipping point in Australia. The fact that innovative organisations like LoanOptions.AI are now making the switch reflects the progress made by all industry participants to improve the data quality provided under the Consumer Data Right.”
The integration is expected to go live in the fourth quarter of 2025.
Featured image credit: LoanOptions.AI
