Finastra Unveils Enhanced Lending Cloud Service Supported by IBM

Finastra, a global provider of financial services software applications, and IBM (NYSE: IBM) today unveiled their collaboration on an enhanced cloud-based lending managed services offering. Finastra’s Lending Cloud Service (LCS) offers comprehensive and cost-effective services for its Corporate Lending solutions—Loan IQ, Trade Innovation, and Corporate Channels—and is supported by IBM for Finastra clients in North America and Europe.

Steve Moe, Head of Technology for Lending at Finastra, said, “We are excited to make this announcement as it demonstrates momentum in continuing to provide seamless digital lending solutions to our customers. Part of our approach champions collaboration and tapping into partner core capabilities, and that’s what we are doing here. Working with industry giants like IBM gives us huge scale, credible skills, and a reliable and quick path to implement offerings that deliver value at speed for our customers.”