Informed.IQ and loan origination system Fuse have introduced an integrated solution aimed at facilitating streamlined verifications and fraud detection for financial institutions (FIs).

The new workflow enables Fuse system’s users to leverage Informed.IQ’s artificial intelligence (AI)-driven verification portfolio to lower operating expenses, discover income fraud, and reduce loan processing times.

It will also support lenders in accessing information in a single location in the loan origination system.

Based in the US, Informed.IQ is a technology supplier of AI verification software to the finance sector.

By utilising AI and machine learning (ML) technologies, the firm is said to swiftly authenticate income, assets, residence, employment, and loan conditions according to lender guidelines. This enables them to provide real-time, impartial credit decisions with reduced fraud risk.

According to Informed.IQ, its models are trained at processing hundreds of document types and consumer-permissioned data sources. This helps in automating verification clearance for lenders.

Informed.IQ CEO Justin Wickett said: “Fuse has taken the consumer lending industry by storm, providing innovative origination technology and we are excited to partner. The new solution allows FIs and lenders to more seamlessly reap the benefits of Informed’s services.”

Through the new partnership, Fuse’s expanding customer base in consumer, commercial, and auto lending will integrate Informed.IQ’s technology across various lending verticals.

Fuse is engaged in optimising lending for financial institutions and facilitating reliable interactions between lenders and borrowers. The firm offers a secure and scalable platform for banks, finance companies, credit unions, and fintechs.

Fuse cofounder Andres Klaric said: “This integration marks a significant milestone in our mission to revolutionise software tools for lending, and we are thrilled to join forces with Informed.IQ to further our commitment to empowering lenders.”