Lakeba Group Acquires TitleXchange to Broaden Financial Services Automation Stack

Ezidox platform gains broader automation capacity by integrating with Titlexchange

“This acquisition makes perfect sense in terms of what the mortgage sector needs. The industry is under stress – a clear front runner for automation, machine learning and artificial intelligence. Not to supplant people, but to free brokers and others from work made for computers to process,” says Giuseppe Porcelli, group chief executive officer of Lakeba.

Titlexchange connects property buyers and sellers to conveyancers. Directly, via a secure platform that runs on the internet.

The acquisition will incorporate Titlexchange’s technology with Ezidox. Complementing existing integrations and expanding Ezidox’ document collection automation to include conveyancing. Eliminating the need for documents to be exchanged between multiple parties, multiple times.

Brokers will benefit from the platform’s ability to collect and curate the volumes of documents involved in property related transactions. Ensuring that all parties have access to all the necessary data and information from both purchaser and vendor.

“Enter name, birthdate, address and shoe size, if you must, once; and it’ll appear correctly and uniformly across all documents required when buying, selling or transferring property. It’s so obvious that I’m surprised nobody’s built it before,” says Porcelli.

The integration will complete within the first quarter of this financial year. It will available to 16,000 brokers across Australia.

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About Lakeba

Lakeba builds businesses that are optimised for high returns from low investment, at low risk when compared with the start-up sector. It utilises proprietary artificial intelligence (AI), decades of business and technology experience, and scalable shared services, to support each phase of business building. So far it has ‘conceived, created and commercialised’ 15 ventures, of which three have already been spun-out.

The unique Lakeba AI ‘neural network’ ‘conceives’ opportunities by continually interrogating the internet to establish patterns which suggest a business ‘need’ that could be solved digitally. Its entrepreneurs then double check this analysis and determine the viability of the business idea and its commercial potential.

To ‘create’ a venture, Lakeba works with partners, industry, and the wider innovations ecosystem to create digital technologies that eliminate the frictions identified by the neural network. A team of technologists, designers, and entrepreneurs build out the value proposition and establish the business. Lakeba invests its time, capabilities, capital and resources to craft ideas into reality.

‘Commercialise’ is the final stage of the Lakeba process. Once the digital proof of concept delivers on its promise, it is enhanced with radical intelligence. Working with partners, investors and the customers, Lakeba’s team refines and optimises the operations and distribution to rapidly commercialise the venture. This ensures the business continuously delivers value to customers as it scales and diversifies across industries and the globe.

Lakeba Group was founded by Giuseppe Porcelli, Entrepreneur and Visionary of Future Technology.