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Lending software provider Loanworks has revealed it is launching new technology next year to accelerate loan processing, reduce operational costs, and support lenders across all product types, from home loans to credit cards.
A new loan origination and commission platform, Quantum, is set to be released, which introduces a modernised lending workflow designed to consolidate critical information and automate key steps in the loan life cycle.
The platform features exception-based processing that highlights only items requiring attention, team-based workflow management with intelligent task assignment, and a single application view combining all essential loan information.
A centralised communications hub provides a unified view of all customer interactions, while real-time serviceability calculations aim to eliminate delays caused by manual assessment.
The platform also incorporates LIXI 2 standardisation, allowing for seamless integration with existing industry systems and milestone tracking.
Loanworks said the redesigned architecture improves speed and security, while supporting flexible configuration to accommodate rapid changes in business requirements. It said that Quantum is intended as a fully managed software-as-a-service (SaaS) solution, offering disaster recovery, 24/7 threat monitoring, and comprehensive service-level agreements.
Meanwhile, the company is also set to launch a new document processing tool, Document Intelligence.
The tool is designed to automate the verification and processing of documents using artificial intelligence (AI). The system can reportedly classify uploaded documents by type, extract key data from identity and financial documents, validate information against loan applications, and provide basic fraud detection.
Loanworks said it can process a wide range of documents, including passports, driver licences, payslips, tax returns, bank statements, and commercial documentation, with minimal human intervention.
The AI-driven platform includes configurable verification rules, threshold matching, and exception management tools to allow operator oversight where required. According to Loanworks, the combination of Quantum and Document Intelligence enables lenders to reduce processing time from days or hours to minutes.
The launch reflects Loanworks’ broader strategy to help lenders manage operational efficiency, while meeting evolving customer expectations.
By integrating Quantum and Document Intelligence, Loanworks said lenders will benefit from reduced time-to-decision, lower cost-to-originate, improved customer engagement, and enterprise reporting and analytics capabilities. The tools are also designed to provide lenders with the flexibility to respond quickly to changing market conditions and business demands.
“Quantum brings lending technology into the modern era while future-proofing our clients’ operations,” said Urvesh Vibhakar, general manager of solution delivery.
“Combined with Document Intelligence, we’re enabling lenders to reduce processing time from hours to minutes.
“Our clients face increasing pressure to deliver faster decisions, better experiences, and lower costs.
“Quantum and Document Intelligence will give them the competitive edge they need to thrive in today’s market.”
[Related: Discover industry-shaping trends with the Broker Innovation Brief 2025]