Valon Technologies and Figure Technology Solutions (Nasdaq: FIGR) are refocusing their ongoing collaboration. They’re now aiming to leverage artificial intelligence (AI) and blockchain technology. The goal? To drive significant enhancements in loan origination, servicing, and performance, favouring practicality over hype.
On February 4, 2026, they shared this vision. Their goal is to tackle the common inefficiencies in the loan industry. Loan origination, for instance, is a complex process from enquiry to fund disbursement. Thus, any improvements in this area can yield positive effects for both consumers and businesses.
Yet, the collaboration isn’t confined to loan origination. It also targets loan servicing – the management and collection of loan payments. By utilizing AI and blockchain, Valon Technologies and Figure Technology Solutions aim to fine-tune these processes. This, in turn, could enhance the overall performance of the loan sector.
Revolutionising the Loan Industry with AI and Blockchain
AI and blockchain technology are no strangers to fintech buzz. Yet, their practical applications are becoming increasingly clear. In their collaboration, Valon Technologies and Figure Technology Solutions plan to exploit these technologies to their maximum potential.
AI, for example, can process large amounts of data swiftly and accurately. This can accelerate the loan origination process, including tasks like verifying applicant information, assessing credit risk, and finalising loan terms. Moreover, AI can streamline loan servicing by automating repetitive tasks and identifying payment behaviour patterns.
Similarly, blockchain technology, renowned for its tamper-proof nature and transparency, can enhance trust and security in the loan process. It provides a secure method to record and verify transactions, thus reducing fraud risk. Additionally, its decentralised nature can increase efficiency in loan servicing by eliminating the need for intermediaries.
In conclusion, the partnership between Valon Technologies and Figure Technology Solutions represents a significant leap forward in the fintech industry. By leveraging AI and blockchain, the firms are set to deliver tangible improvements in loan origination and servicing. This could bring us closer to a more efficient and transparent loan industry.
