InfraRisk/Janko launch next-gen digital lending platform

By Georgia Wilson
InfraRisk and Janko launch next generation digital lending platform in Australia...

In an announcement made by InfraRisk Pty Ltd. (InfraRisk), the company reports its partnership with Janko Loans Pty Ltd. (Janko) to launch a next generation online lending platform.

The new platform leverages InfraRisk’s end to end, modularised digital lending capabilities to provide unsecured loans quickly and efficiently. 

With statistics showing that 3mn people in Australia don’t have access to credit products from traditional financial institutions, Janko’s ambitions is to serve the underbanked population with advanced technology and boost financial inclusion.

The newly launched platform, which can be used for Buy Now Pay Later products, will help to deliver loans efficiently, easily, and instantly, while maintaining compliance. 

"We are looking forward to the application of our digital lending platform in Australia and applying the world's best practice in automation and AI-driven risk models to create a fair and effective lending solution for this segment of the market,” commented Nicholas Davies, founder and CEO of InfraRisk.

“The platform technology from InfraRisk used by Janko is prime to help financial institutions set up similar service capabilities and join this increasing consumer trend," added Davies.

The lending solution will enable a highly automated lending process to drive operational efficiency, while the company’s experience in big data analytics, artificial intelligence, machine learning and anti fraud algorithms will ensure the solution can determine quality and disburse loans in seconds.

"The Consumer Data Right Act has served as the foundation for open banking in Australia. With user's authorization, we can now obtain bank transaction data relating to credit and debit cards, deposit accounts and transaction accounts, which is critical for credit assessment and risk management in real-time digital lending,” concluded Davies.

For more information on business topics in Asia Pacific, Australia and New Zealand, please take a look at the latest edition of Business Chief APAC.

Follow Business Chief on LinkedIn and Twitter.


Featured Articles

Top 10 best-performing Australian companies: mines to banks

Among Australia’s largest companies by market cap are the country’s Big Four banks, a tech startup that successfully scaled, and two firms with female CEOs

Top 10 richest Southeast Asia: how they made their fortunes

From Singapore’s paint tycoon to Malaysia’s sugar king, we round up the 10 richest people in Southeast Asia – and investigate how they made their billions

Will moonlighting ever become accepted practice in India?

While not a new phenomenon, moonlighting has become a hot button issue across India with IT majors cracking down on it. Will the practice ever be accepted?

New YouTube CEO Neal Mohan joins surge of Indian-origin CEOs

Leadership & Strategy

Ex Infosys President Ravi Kumar is the CEO Cognizant needs

Leadership & Strategy

How India is bucking the global dealmaking downturn

Corporate Finance