Lending Labs Unveils Ontoz on IBM Cloud for AI-Ready Lending Solutions

Lending Labs has launched its enterprise orchestration platform, Ontoz, on IBM Cloud. This move aims to help lenders automate loan origination and servicing while keeping customer data and AI decisioning within national borders.

Regulators in Asia-Pacific are tightening data-residency and AI-governance rules, requiring that customer data remain within national borders. Gartner predicts that more than 75% of enterprises will have a digital sovereignty strategy by 2030.

The main obstacle to AI adoption in lending has been accountability. With Ontoz on IBM Cloud, lenders can automate origination and servicing tasks using AI for complex loan products, including mortgages, auto finance, small-business loans, and loans against property.