InfraRisk Pty Ltd. (InfraRisk), a leading fintech solutions provider 
specializing in digital lending solutions, today announced that it has 
partnered with Janko Loans Pty Ltd. (Janko) to launch a new-generation online 
lending platform. The platform leverages InfraRisk's end-to-end and modularized 
digital lending capabilities to offer unsecured loans quickly and efficiently 
in Australia.

Janko is an Australian Credit License holder based in Brisbane that aims to 
serve primarily the underbanked population with advanced technologies and boost 
financial inclusion in Australia. 

Statistics show there are around 3 million people in Australia who do not have 
access to credit products from traditional financial institutions. These people 
are unserved or underserved because traditional lenders find their credit needs 
for small amounts unattractive due to the high origination or servicing costs. 

With a streamlined process and integrations to automate KYC, bank statement 
analysis, and real-time payments, Janko's newly launched platform helps deliver 
loans efficiently, easily, and instantly, while staying compliant to 
regulations.

Nicholas Davies, founder and CEO of InfraRisk, said, "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."

The technology platform itself can also be used to power Buy Now Pay Later 
products. In September 2019, Roy Morgan found 1.95 million Aussies (or one in 
10) had used at least one BNPL service – such as Afterpay or Zip, up 41.3% from 
a year ago. "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," Nic continued.

The complete functionality in InfraRisk's digital lending solution enables a 
highly automated lending process that delivers the world's best operational 
efficiency. With the introduction of Open Banking in Australia, the company's 
extensive experience in applying big data analytics, artificial intelligence, 
machine learning, and anti-fraud algorithms ensures InfraRisk's lending 
solutions are able to determine an applicant's credit quality and disburse 
loans within seconds while meeting strict regulatory guidelines and applying 
responsible lending practices.

InfraRisk enables Janko to manage the whole life cycle of lending, from loan 
origination to loan collection, to be fully automated and delivered through 
digital channels, which significantly improves the efficiency and effectiveness 
of the lender's online businesses.

"The Consumer Data Right Act has served as the foundation for open banking in 
Australia," said Mr. Davies. "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." 

Incorporated in November 2008 and headquartered in Melbourne, InfraRisk has 
over 10 years of experience in providing financial technologies to banks and 
financial institutions in Australia, Europe, China and across the Asia Pacific. 

About InfraRisk

InfraRisk is a leading fintech specializing in digital lending solutions. 
Incorporated in 2008 and headquartered in Melbourne, InfraRisk has over 10 
years of experience in providing financial technologies to banks and financial 
institutions in Australia, Europe, China and across the Asia Pacific. 
Leveraging its scalable and reliable technology infrastructure and deep 
industry insights, the Company offers its partners a full suite of customized 
end-to-end solutions, ranging from payday loans, buy now pay later, SME loans, 
corporate & commercial loans, and wealth management. For more information, 
please visit www.infrarisk.com.

SOURCE: InfraRisk