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DoxAI, Perpetual Corporate Trust & Microsoft team to fuel financial services

By Gloria Mathias

February 07, 2024

  • APAC news
  • Artificial Intelligence Solutions
  • Australia
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Doxe.AI, Perpetua, Lakeba, Microsoft, Software Solution, Financial Technology, Fintech News, Australia, RegTech, RiskTech, Global software firm Microsoft has joined forces with DoxAI, a venture of Australia’s Lakeba Group, and Perpetual Limited to provide financial services companies with access to technology that can help them grow and evolve.

This collaboration unites Perpetual’s 137 years of experience in financial services, Lakeba’s expertise in AI and Technology with DoxAI, and Microsoft’s cloud infrastructure to create a marketplace of technology solutions for the financial services industry in Australia.

Marking a significant step towards evolving the financial services sector in Australia, the collaboration will bring together the best of financial services, AI and Technology, and cloud infrastructure, to create scalable solutions.

The collaboration’s first AI project, QAAI, is a quality check on securitised loans and mortgages. It uses AI and machine learning technologies to provide a comprehensive analysis of loan and mortgage portfolios, helping financial institutions identify potential risks and improve loan performance.

Giuseppe Porcelli, CEO and Founder of Lakeba Group and Chairman of DoxAI said, “We are excited to be working with Perpetual and Microsoft, to bring the best of AI and technology to the financial services sector in Australia. This collaboration will enable us to deliver solutions that are not only innovative, but also scalable, and we are confident that it will drive positive change in the industry.”

Richard McCarthy, CEO of Perpetual Corporate Trust (PCT) said, “It’s exciting to see PCT’s innovation company, Perpetual Digital join forces with Microsoft and digital disruptors like Lakeba to enhance our document custody business operations and explore other applications of AI technology across our business.”

Vanessa Sorenson, Chief Partner Officer ANZ MD Microsoft NZ shared, “Microsoft is committed to empowering organisations with the tools and technology they need to succeed in the digital age. This collaboration with Perpetual and Lakeba is a major step forward in our efforts to support the financial services industry in Australia, and we look forward to the impact it will have on the industry.”

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