The ‘policy as code’ tool will use large language models to automate the policy analysis and configuration process, which helps to reduce onboarding times from months to a few days.

To coincide with the launch of this new tool, MQube has launched a handbook addressing the challenges lenders face when onboarding new technologies and how AI can be used to enable lenders to adopt new technologies seamlessly.

MQube chief executive Stuart Cheetham says: “Historically, lenders have struggled to adopt new technology due to legacy systems and outdated infrastructure which aren’t compatible with modern technology. Replacing or integrating with newer AI-driven systems can be complex, risky and expensive for regulated lenders.”

“We are making our mortgage origination technology easier to adopt, less time consuming and costly. Onboarding new software should not be a pain point for lenders but instead something that should be done quickly and seamlessly and the launch of this new tool will enable our lending partners to do just that.”