Hundreds of Viking Asset brokers gain entry to AILO's AI-driven loan matching platform
Viking Asset has become the latest aggregator to license AILO, the AI-powered loan matching platform developed by fintech provider LoanOptions.ai.
Under the agreement, hundreds of Viking Asset brokers will gain access to AILO as a subscribed service. The white-label technology will be integrated across Viking's Matrix and Raven systems, enabling brokers to offer clients a digital application experience under their own branding.
AILO is an AI-native system that uses machine learning and neural network models to assess loan approval likelihood across a panel of more than 90 lenders. The system shows actual rates and fees the applicant is eligible for within minutes after document submission. Applications through AILO have no effect on a customer's credit score, regardless of how many times they apply.
"At Viking, we're dedicated to supporting our brokers and empowering them with a competitive edge," said Simon Gwynne (pictured top left), general manager at Viking Asset. "Investing in their access to the latest technologies is a huge part of it. When we looked for an AI partner, LoanOptions.ai was the natural choice. We're confident this partnership will help our members accelerate their growth and deliver a superior client experience."
For Julian Fayad (pictured top right), founder and chief executive of LoanOptions.ai, the partnership with Viking Asset exemplified what could be achieved when two forward-thinking companies came together to address a shared industry problem.
"We've spent years building technology that removes the drudgery, opacity, and inefficiency from the loan process," he said. "Partnering with an aggregation group like Viking allows us to get these tools into the hands of brokers who are ready to innovate and grow. It's an exciting step forward for the industry as a whole."
The deal is the latest in a series of distribution agreements by LoanOptions.ai, which has been expanding access to its software-as-a-service offerings across brokerages, aggregators, and retail platforms.
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