Misys has unveiled a comprehensive front-to-back office solution to enable banks to connect and grow their lending businesses.
FusionBanking Lending provides banks with the ability to manage the entire loan lifecycle across all lending asset classes on a single platform.
“This solution supports the entire lending workflow from origination, credit analysis and document generation in the front office, to servicing, accounting and portfolio risk management in the back office, covering syndicated and high-volume commercial lending,” reads a statement issued by the company.
FusionBanking Lending was formed by combining commercial lending management and servicing solution Misys FusionBanking Loan IQ with Misys FusionBanking Credit Management Enterprise, the loan origination and credit workflow management software which was the result of the acquisition of Custom Credit Systems in August 2014.
“Since joining forces six months ago our teams have been working tirelessly to create a unique commercial lending solution by integrating our world-class solutions,” explains Brian Shaw, general manager, FusionBanking Lending, Misys. “The lending industry is looking at ways to streamline operations and reduce the cost of loan operations to support its growth. Incorporating credit and loan origination systems with servicing, we have the only all-in-one platform on the market that will drive this evolution and help our clients significantly enhance their lending capabilities.”
The Farm Credit Bank of Texas (FCBT), a co-operatively-owned source of financing for agriculture in rural America, is the first bank to implement FusionBanking Lending.