Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Core Systems

05:57 PM
Connect Directly
Twitter
LinkedIn
RSS
E-Mail
50%
50%

Misys, HCL Partner to Integrate Loan Original Tool

Misys plc (London) and HCL CapitalStream Lending Group (Noida, India), a division of HCL Technologies will partner for a new solution for banks originating commercial loans.

Misys, a global application software and services company, and HCL CapitalStream, which provides straight through processing solutions for lending operations, will integrate HCL's CapitalStream, which is a platform for business and commercial loan origination, into Misys' Loan IQ, a commercial lending solution suite. The companies will target the new solution to institutions with loan origination needs.

Misys will market the new integrated loan origination module under its own brand to complement its existing modules for front office loan syndication and secondary trading, back office loan servicing, compliance monitoring and reporting across front, middle and back office operations. Within the terms of the partnership, Misys and HCL will also grant each other licenses to distribute the other party's product and refer banking customers to each other to ensure optimal service to the wholesale banking sector.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio

Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.