redefines automation as it launches ‘LO 3.0’ redefines automation as it launches ‘LO 3.0’

Australia’s fastest-growing ‘neobroker’ disruptor,, has launched LO 3.0, the third iteration of the application since its launch three years ago, that almost entirely automates the loan application process for Australian and New Zealand borrowers.

The launch unveils the company’s all new Auto Complete Engine (ACE) that uses advanced technology, artificial intelligence (AI), and third party services to prefill client information and match against lender requirements, reducing application time by more than 50%. This includes grabbing information from the following sources by taking a photo, with no impact on the customer’s credit score:

  • Driver’s licence
  • Credit file (including credit history, address and historical addresses, employment and historical employment along with client’s open loans, credit cards and liabilities)
  • Bank statements
  • Payslips (employer and income information)
  • Car registration (reverse vehicle search)
  • Single Touch Payroll and Super Guarantee (to validate the payslip). Over time, this service will allow the company to stop asking PAYG clients for payslips altogether.

LO 3.0 includes the new Ask AILO function which is the first-of-its-kind large language model (LLM), purpose built for to help customers get answers to commonly asked questions about credit policy and applications.

It also includes a host of additional features including further Anti Money Laundering and Counter-Terrorism Financing (AML/CTF) tools and user interface improvements. LO 3.0 also includes a more simplified partner integration process that will allow smooth rollout across the hundreds of active partners and more notably there are substantial improvements to the platform’s marquee feature, the Probability of Approval AI model. Additional features will continue to be introduced in iterations including its own proprietary score and more.

Founder and CEO Julian Fayad says the latest developments are the closest manifestation to his original vision for the platform.

“We had a bold vision when we launched over three years ago and we’re thrilled to be introducing our third iteration in three years that truly embodies that vision,” he said.

“With each version of, we continued to learn, evolve, and grow. Today, as we unveil LO 3.0, I can proudly say that this is the closest we’ve come yet to realising our original vision. This is a testament to our dedicated, laser focused, and extremely talented team and the support of our lending partners who trust us with their clients.”

“There’s always room to celebrate wins, but it’s important to note that this is still only the beginning for We will continue to develop our ACE and will continue to push limits, innovate, and relentlessly improve in the pursuit of simplifying and streamlining loan comparison and matching for customers and lenders.”