4.43PM â Feb 24, 2021 Harmoney, MoneyMe lift personal loan originations in bank tech battle Loan originations are on the rise at two new, tech-driven personal lending brands, Harmoney and MoneyMe, which presented plans to beat the major banks at finding customers and assessing their risk but failed to convince the market. Harmoney and MoneyMe have both developed machine learning tools using broad data sets to assess customers; Harmoney said a new model using data from 53,000 Australian loan applicants had resulted in its âLibraâ system doubling originations in the middle two weeks of February. Over the half, Harmoneyâs $194 million of new loans was down 28 per cent, adding to the negative sentiment on the market. But it explained this was due to a COVID-induced pullback in the first quarter and said new loans were up 47 per cent in the second quarter and momentum is continuing. Itâs total loan book is $470 million including New Zealand, where it started lending in 2014 before adding Australia in 2017.