back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Tavant partners with Hay Group to expand into Australia

By Leandra Monteiro

May 27, 2021

  • Australia
  • Tavant
Share

Tavant, Hay, Hay group, FinTech, Australia, Finance, digital payments, banking, VΞLOXTavant, a Silicon Valley-based provider of AI-powered digital technologies, announced it has entered into a strategic alliance with Hay Group, an Australian FinTech provider, to deliver the full payment and lending range of capabilities to the Australian financial market.

Tavant’s end-to-end digital lending suite, VΞLOX, will now be integrated with Hay’s cloud-embedded finance platform, which integrates digital banking services into any customer journey. This joint solution will provide extraordinary, AI-powered financial experiences for lending and banking end-users in the Australian financial marketplace.

Hay provides an “as a service” embedded finance platform (HaaS), enabling any business to complement their existing product offerings with financial solutions, simultaneously improving customer experience and creating additional revenue sources. HaaS technology and product teams bring together experience in high-frequency trading from the hedge fund to the payments industry. Through their ecosystem, financial and non-financial businesses can control a full suite of services, including core banking, card issuing, processing, recs, AML/CTF, real-time fraud monitoring, digital wallets, and more. The flexibility to integrate and control one or all these core services comes from utilizing a single, modern universal API layer to access HaaS’s pure microservices.

Tavant VΞLOX enhances productivity, efficiency, and accuracy for more than 65% of the top financial institutions across the United States. VΞLOX maximizes the use of data-driven processes in the automation of the loan origination lifecycle, providing an intuitive omnichannel experience and quick execution from home discovery to loan funding. VΞLOX deploys Artificial Intelligence (AI) and Machine Learning (ML) algorithms to provide an immersive journey for each stakeholder in the lending ecosystem. The digital platform is fully customisable and is designed to transform the home lending process by significantly shortening the loan processing time, boosting productivity, and reducing origination costs.

Andrew Laycock, Hay Group CEO, believes this strategic alliance with Tavant will disrupt the Australian financial industry. “We are excited to see one of the largest lending platforms in the world select Hay’s embedded finance platform to enable our customers to offer a full 360-degree lending solution. HaaS allows Tavant to fully integrate into the Australian payment networks, creating a one-stop-shop for building a world-class lending product.”

According to Sarvesh Mahesh, CEO at Tavant, Hay’s immense financial market expertise in Australia will match perfectly with Tavant’s AI-driven lending capabilities. “Together, we are merging the best-of-breed capabilities of two fintech giants, one in the lending space and one in the banking space, to deliver a complete, end-to-end solution for end-users who need an intuitive, integrated platform for all their banking and lending needs.”

Previous Article

May 27, 2021

Onfido rolls out Face Authenticate and enhanced security tools for its platform

Read More
Next Article

May 28, 2021

Tink and Wealthify team up to boost payment initiation service

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 19, 2022

Australia

The Weekly Wrap: all you need to know by Friday COB | August 19th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

August 19, 2022

6 FinTech Tweets you should see!

Read More

August 19, 2022

PalmPay launches Wallet Safe Workshop to spread payment security awareness

Read More

August 19, 2022

OpenFin appoints Vicky Sanders as Chief Digital Officer

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022