‘Technology eats capital!’ Resimac targets AI for full automation

Warren McLeland (Resimac)

Credit: Supplied

Facing tough trading conditions, A/NZ non-bank lender Resimac is on a drive to automate its business and reduce headcount.

Resimac is aiming to rapidly expand the sophistication of workflow processing leading to full digitisation of the business, chair Warren McLeland told shareholders on Tuesday.

“This includes the evaluation and early-stage adoption of AI and other tools to achieve full digitisation of Resimac by the second quarter of the financial year 2025,” he said.

CEO Scott McWilliam said progress in 2024 was being bolstered by the key technology initiatives delivered in 2023, including an asset finance origination platform, a new mortgage origination platform and a new digital loan management portal for customers. 

“We will continue to deploy technology throughout the company where it will deliver volume or efficiency benefits, and I am excited by these prospects,” McWilliam said.

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