Oracle, Nano Home Loans to offer digital onboarding for home loans

Monday 18 October 2021 13:06 CET | News

Oracle Financial Services and Nano Home Loans have collaborated to offer digital onboarding to consumers looking for home loan originations.

The collaboration wants to help the customers to secure a home loan approval within minutes, not weeks. Nano has secured an innovation patent for its proprietary real-time loan application and decision-making technology and is now a member of Oracle PartnerNetwork. This means that jointly, Nano and Oracle, can meet the requirements for Australian lenders ranging from tier-1 to tier-3 banks and non-bank lenders.

Nano Home Loans and Oracle Banking Platform deliver a customer experience catering to both simple and complex home loans for consumer and SME customer segments.

Together Oracle and Nano help solve problems through digital technologies coupled with an open-architecture approach, progressive data decisioning, and complete process automation. Using origination-centric open APIs, the service aggregates data from trusted third-party sources and financial institutions, which helps to eliminate the need to gather and process documents.

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Keywords: partnership, SME lending, API, digital onboarding
Categories: Fraud & Financial Crime
Countries: Australia
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Fraud & Financial Crime

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