Brokers will be able to submit SME loan applications via digital platform
Major bank ANZ and fintech firm CitoPlus have unveiled a strategic partnership aimed at streamlining small to medium enterprise (SME) loan applications for brokers.
The collaboration, facilitated through ANZ’s external innovation and investment arm, 1835i, is set to launch in 2025. It will enable brokers to submit applications for ANZ business lending products directly through CitoPlus’ digital platform.
“As brokers shift to digital workflows, adopting advanced digital and data solutions is critical for improving customer interactions,” said Ivan Mioc (pictured above), general manager of commercial broker and origination at ANZ. “This partnership plays an important role in supporting business growth and simplifying the lending journey for both brokers and small to medium businesses.
CitoPlus co-founder Graham Strain echoed the sentiment, emphasising the transformative potential of digitisation for brokers.
“We are delighted to partner with ANZ to enhance the loan application experience for brokers and business customers,” Strain said. “We believe the combination of human judgement and digitisation is the future of broking. Our unique platform helps brokers work with the right information, faster, and make tailored solutions easier to source.”
Since its inception, 1835i has partnered with start-ups and scale-ups to drive digital transformation, including its collaboration with Cashrewards.
1835i chief executive Justin Greenstein described the latest partnership as a step forward in creating a connected, digital-first finance ecosystem.
“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,” he said.
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