Using AI to outperform competition in Australia’s consumer lending space
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5-10
Founded
2021
Lending model
Consumer lending
Location
Australia
Purchased Product
TurnKey Lender Standard
Purchased product
TurnKey Lender Standard
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Background
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Challenge
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Solution
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Results
Magic Finance used TurnKey Lender Standard from the start and relies on the platform to automate and unify all the processes related to lending. The solutions allows Magic Finance to:
– Cut credit risks, thanks to AI-driven credit scoring.
– Eliminate unnecessary paperwork and unnecessary steps throughout the lending process.
– Reduce operational cost of running a lending business.
– Get rid of any human error in the entire crediting process.
– Reduce the cost and time-to-market of launching new credit products.
– Unify all of loan management tasks in one end-to-end platform.