Financial technology company MQube has accelerated the process of onboarding its Origo platform through its new Policy as Code tool, which cuts down the time it takes to onboard the platform from weeks to days.
MQube’s Origo mortgage origination platform is designed to speed up the underwriting process by assessing and automating data and documents using big data and large language models (LLMs).
To coincide with the launch of this new Policy as Code tool, the fintech provider has launched a handbook addressing the challenges lenders face when onboarding new technologies and how AI can be used to enable lenders to adopt new tech.
Typically, when adopting such systems and integrating a lender’s policy into a new platform, developers must manually translate the lender’s static policy document into a functional set of rules and configurations within the platform.
MQube’s Policy as Code tool uses LLMs to automate the policy analysis and configuration process, reducing onboarding times to a few days.
Stuart Cheetham, CEO of MQube, said: "Historically, lenders have struggled to adopt new technology due to legacy systems and outdated infrastructure which aren’t compatible with modern technology. Replacing or integrating with newer AI-driven systems can be complex, risky and expensive for regulated lenders.
"We are making our mortgage origination technology easier to adopt, less time-consuming and costly. Onboarding new software should not be a pain point for lenders but instead something that should be done quickly and seamlessly and the launch of this new tool will enable our lending partners to do just that."
