Mbanq unveils Mbanq Comet, an AI platform to digitise lending process

By Gloria Mathias

Mbanq, a global banking technology company, has launched Mbanq Comet, an AI-powered digital loan origination platform that fully utilises artificial intelligence to modernise and enhance the lending process.

Mbanq Comet integrates seamlessly with any core banking system and enables banks, credit unions, and FinTechs to transform their lending capabilities with minimal implementation or operational effort.

Mbanq Comet’s AI-powered capabilities ensure that loan decisions are fast, precise, and optimised to reduce risk. The standalone, cloud-native platform is compatible with any legacy core system and allows lenders to streamline their processes without disrupting existing operations. With its advanced AI-driven decision-making tools, Mbanq Comet delivers unparalleled efficiency in processing loan applications in seconds rather than weeks.

Lars Rottweiler, CTO of Mbanq, said, “Mbanq Comet is a vital tool for financial institutions looking to modernise their lending process. Its rapid deployment, compatibility with any legacy system, and advanced AI-powered tools make it a cornerstone of digital transformation in the financial industry.”

Mbanq Comet also enhances the borrower experience by offering a fully digital and user-friendly lending journey. Its AI-driven credit scoring and risk assessment capabilities ensure high accuracy and compliance with regulations such as ECOA and UDAAP. Additionally, the platform’s automation tools reduce operational costs while maintaining top-tier security and compliance standards.

Mbanq Comet offers a suite of features, including:

• Advanced credit decisioning with AI-driven speed and precision.
• Digital onboarding to reduce friction for borrowers.
• AI-powered KYC for seamless compliance and security.
• Unified Dashboard for actionable insights into loan pipelines.

The platform was developed with support from SME Approve, whose expertise in Credit Decisioning-as-a-Service strengthens Mbanq Comet’s AI-powered credit scoring and risk assessment capabilities. This collaboration builds on the companies’ previous success in creating innovative AI-powered lending solutions.

“Mbanq Comet is the ideal solution for financial institutions who wish to modernise their lending capabilities. Its fast and seamless integration, combined with powerful AI tools, delivers immediate and measurable results, making it an indispensable asset,” Lars Rottweiler added.