LoanOptions.AI Partners with Wych.io to Deliver Seamless Open Banking Experiences for Australian Borrowers

LoanOptions.AI, Australia’s fastest-growing finance technology provider and brokerage, today announced its partnership with Wych.io as its Open Banking provider under the Consumer Data Right (CDR) representative agreement.

The award-winning fintech has chosen Wych.io to deliver open banking within its industry-leading end-to-end loan application and matching technologies, assisting its 1,500+ broker partners to adopt CDR Open Banking more rapidly.

As a CDR-accredited provider, Wych provides instant access to high quality, accurate, compliant customer financial data whilst maintaining bank-grade security standards, to ensure the fastest, most relevant loan options for each customer.

Wych.io has established itself as a leading tech-first, agile open banking provider with a single API/no code solution to support clients across the spectrum; from innovative startups to Tier 1 banks in both Australia and New Zealand. 

Since entering the Australian open banking ecosystem in 2018, Wych has been at the forefront of making CDR compliance pain-free and profitable for businesses navigating data sharing obligations.

“We’re building advanced technology that’s making the lending process as painless as possible for borrowers, brokers, and lenders from end to end, while simultaneously strengthening the broking channels in Australia and New Zealand. Open banking is a fundamental part of providing a faster, more accurate, and more transparent loan matching experience,” said Julian Fayad, Founder and CEO of LoanOptions.AI. 

“Partnering with Wych allows us to do this while putting our clients and the clients of our many partners firmly in control of their own data. Our entire suite of solutions will be strengthened by the technology, including AILO for asset brokers and HAILO for mortgage brokers, accelerating CDR open banking across the broking industry.”  

Ben Ford, Country Manager – Australia at Wych, said: “Open banking is at a tipping point here in Australia, and the fact that highly innovative organisations like LoanOptions.ai are now demanding to make the make the switch, is a testament to the work that has been done by all industry participants to constantly improve the data quality provided under the Consumer Data Right.” 

“Our APIs are built for agility and compliance, making CDR implementation straightforward for innovative fintechs like LoanOptions.AI. We’re proud to support their mission of democratising access to fair lending.”

The integration is expected to go live in Q4 2025.