ANZ and CitoPlus have announced a strategic partnership facilitated by ANZ's external innovation partner, 1835i. This collaboration aims to simplify loan applications for small to medium businesses by allowing brokers to submit digital applications directly through the CitoPlus platform.
Set to launch in 2025, this partnership will enable brokers to access ANZ business lending products more efficiently. The streamlined process is expected to improve response times and financing accessibility for customers.
Ivan Mioc, ANZ’s General Manager of Commercial Broker and Origination, highlighted the importance of digital workflows for enhancing customer interactions. "As brokers’ shift to digital workflows, adopting advanced digital and data solutions is critical for improving customer interactions. This partnership plays an important role in supporting business growth and simplifying the lending journey for both brokers and small to medium businesses."
Graham Strain, Co-founder of CitoPlus, expressed enthusiasm about the collaboration with ANZ. “We are delighted to partner with ANZ to enhance the loan application experience for brokers and business customers. We believe the combination of human judgement and digitisation is the future of broking."
1835i CEO Justin Greenstein emphasized their commitment to innovation: "At 1835i, we're excited to have facilitated this partnership between ANZ and CitoPlus, as it shows our commitment to driving digital innovation that makes lending easier and faster for brokers and SMEs across Australia."
CitoPlus offers a platform designed to expedite the loan application process for commercial brokers, providing them with tools needed for efficient deal closure.
For more information on their broker platform, visit www.citoplus.com.au