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Finastra and IBM Collaborate to Enhance Lending Cloud Services

In a significant move for the financial services industry, Finastra, a leading provider of software applications for financial services, has joined forces with IBM to unveil an improved cloud-based lending managed services solution. This collaboration aims to offer a comprehensive suite of services that cater to corporate lending needs, including Loan IQ, Trade Innovation, and Corporate Channels.

The announcement, made on March 19, 2025, highlighted the strategic partnership between these two giants in finance technology. With the integration of IBM’s expertise, Finastra’s Lending Cloud Service (LCS) is set to provide enhanced operational efficiency and greater resilience to its clients in North America and Europe.

Innovating Corporate Lending

Steve Moe, Finastra’s Head of Technology for Lending, expressed enthusiasm about the advancements this partnership brings. "We are excited to make this announcement as it demonstrates momentum in continuing to provide seamless digital lending solutions to our customers. Our approach champions collaboration, and this partnership with IBM showcases that perfectly," he stated.

By leveraging IBM’s generative AI platform, watsonx, Finastra aims to design and implement services that will ensure cost-effectiveness and operational efficiency. IBM's Consulting team is set to deliver ongoing managed services and support, making integration smoother for Finastra's clients and facilitating their business growth.

Harnessing Advanced Technologies

Shanker Ramamurthy, Global Managing Partner of Banking and Financial Markets at IBM Consulting, emphasized the importance of adopting advanced technologies within the global banking community. He stated, "The need for leveraging exponential technologies like generative AI and hybrid cloud solutions is being increasingly recognized by financial institutions. This collaboration with Finastra aims to harness such capabilities to provide powerful competitive advantages in lending services."

The underlying infrastructure for the Lending Cloud Service is built on Microsoft Azure, which enhances the offering's value. Part of this model includes Service Value Management (SVM), a customer-oriented approach that ensures continuous improvement and value delivery throughout the customer’s cloud transformation journey. This strategic initiative helps simplify and standardize processes, making loan management more agile and robust.

New Features and Benefits

The LCS incorporates several features designed to enhance client experience:

• - Quick Deployment: Utilizing pre-configured standing services to facilitate immediate implementation.
• - Service Automation: Streamlining processes through enhanced automation tools, ensuring efficiency in operations.
• - Value Addition: The economics of cloud solutions complemented by additional features increases overall client value.
• - Market Conformance: Continuously aligning with industry standards and protocols to ensure compliance in financial services.
• - Expert Management: Deep knowledge and experience from IBM's consulting team ensures high infrastructure resilience and effective application management.

Conclusion

With the LCS, Finastra not only aims to enhance its suite of lending solutions but also set a new benchmark in the corporate banking sector. This collaboration with IBM signifies a modern approach to digital banking, leveraging the latest technologies to provide greater automation, resilience, and insights for corporate clients.

For more information about the Finastra Lending Cloud Service and its comprehensive features, visit Finastra's official website.

About Finastra

Finastra is a global provider of financial services software applications, committed to unlocking the potential of organizations and communities worldwide. Trusted by approximately 8,100 financial institutions, including 45 of the top 50 banks, Finastra focuses on advancing the future of open finance through technology and partnership.

About IBM

IBM stands as a leader in hybrid cloud and AI solutions, assisting clients across various sectors in achieving efficiency, transparency, and innovation through data-driven insights and industry-specific solutions. Thousands of entities in critical infrastructure areas depend on IBM's offerings to accelerate their digital transformations effectively and securely.