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Adatree, Mogo & Central Murray Credit Union launch the Loan Serviceability Solution

By Gloria Mathias

March 14, 2024

  • Adatree
  • APAC news
  • Central Murray Credit Union (CMCU)
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Adatree, MogoPlus,Loan Serviceability Solution (LSS), Central Murray Credit Union (CMCU), Fintech News, Fintech Australia, APAC News, Fintech Victoria, Lending Solutions, Loans Management, Adatree has launched its product, the Loan Serviceability Solution (LSS) in partnership with MogoPlus and Central Murray Credit Union.

This collaborative effort between Adatree, MogoPlus, and Central Murray Credit Union (CMCU) marks a milestone in revolutionising the lending experience for both financial institutions and their customers.

The effort between Adatree, MogoPlus, and CMCU underscores the power of partnerships in driving innovation. Adatree, known for its expertise in Open Banking infrastructure, partnered with MogoPlus, a provider of advanced loan assessment solutions, to address the unique challenges faced by CMCU, a small credit union in Victoria.

The introduction of the LSS brings a plethora of benefits to CMCU’s members, enhancing their overall satisfaction with the lending process. The solution improves accessibility, enhances security, and streamlines loan processing, providing a competitive advantage for CMCU in the market.

Sally Eales, Operations Manager at CMCU, praised the solution and stated, “The Loan Serviceability Solution is really easy to use and allows our team to be much more efficient. We are really happy to recommend this solution as an easy step into the digital world. Thank you, Adatree and MogoPlus, for helping make the member loan application process hassle-free!”

The launch of the LSS showcases Australia’s leadership in FinTech innovation but also has broader implications for the global FinTech landscape. It proves that with the right partners, innovative solutions can be implemented quickly and cost-effectively, even for institutions with minimal resources. Furthermore, it demonstrates the potential of collaborative efforts between traditional financial institutions and FinTech startups, paving the way for the widespread adoption of Open Banking principles worldwide.

“This is a groundbreaking advancement in the Australian Open banking ecosystem. It brings together two best in class CDR innovators with an important regional institution. The LSS represents the new wave of consumer data rights progress, where use cases are finally coming to life to provide more efficient solutions through a combination of consented data access and intelligent decisioning insights. We’re proud to be part of this exciting initiative that will enable better outcomes for both CMCU and its Members,” shared Mike Page, CEO of MogoPlus.

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