• Mbanq Comet is a standalone digital loan origination platform for banks, credit unions and FinTechs.
• It leverages AI-driven intelligence to enable smarter, faster loan decisions.
• The platform integrates effortlessly with any legacy core system, requiring minimal implementation and operational effort.

Mbanq, a global leader in banking technology, launches Mbanq Comet, an AI-powered digital loan origination platform that makes full use of artificial intelligence to modernize 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 optimized 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 decisioning tools, Mbanq Comet delivers unparalleled efficiency to process loan applications in seconds rather than weeks.

Lars Rottweiler, CTO of Mbanq, says, “Mbanq Comet is a vital tool for financial institutions looking to modernize 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 that accelerate and enhance the lending process, 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 modernize their lending capabilities. Its fast and seamless integration, combined with powerful AI tools, deliver immediate and measurable results, making it an indispensable asset,” Lars Rottweiler adds.

US-based Mbanq is a global leader in digital banking technology. Known for its compliance, security, and scalability, Mbanq enables financial institutions to launch and operate cutting-edge digital finance solutions effortlessly and efficiently. www.mbanq.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20241125198388/en/

"Mbanq Comet is the ideal solution for financial institutions who wish to modernize their lending capabilities. Its fast and seamless integration, combined with powerful AI tools, deliver immediate and measurable results," - Lars Rottweiler, CTO, Mbanq.