Misys launches new version of Loan IQ
11 April 2013 London
Image: Shutterstock
Financial software provider Misys has launched its latest version of Loan IQ, its commercial lending solution for financial institutions.
Misys has partnered with existing clients, industry utilities and market standards organisations to create a solution that improves cost efficiencies and eliminates costly error correction by reducing manual entry and providing best practice driven process flows.
Loan IQ v7.2 enables more cost-effective operations, as well as increased transparency and analysis of the data most critical to sound credit and asset management decision making.
New functionality in Loan IQ v7.2 offers customisable support for real estate and other collateralised lending business lines.
Ken Katz, director of Misys Loan IQ product managements, said: 鈥淔inancial institutions are ultimately focused on pushing up their return on equity. In the current environment, reducing costs by consolidating systems is one of the most powerful levers our clients have.鈥�
鈥淚mplementing a unified commercial lending platform is an important first step towards increasing transparency and reducing operational costs to a level that is unimaginable in fragmented lending system environments.鈥�
Jim Long, Misys Loan IQ head of development, said: 鈥淚t is a solution that increases consolidation and integration; is scalable, flexible and transparent; is reliable and has a global reach. By simplifying IT complexity with a next-generation platform, financial institutions can take advantage of a powerful, cost-effective and future-proof solution for lending.鈥�
Misys has partnered with existing clients, industry utilities and market standards organisations to create a solution that improves cost efficiencies and eliminates costly error correction by reducing manual entry and providing best practice driven process flows.
Loan IQ v7.2 enables more cost-effective operations, as well as increased transparency and analysis of the data most critical to sound credit and asset management decision making.
New functionality in Loan IQ v7.2 offers customisable support for real estate and other collateralised lending business lines.
Ken Katz, director of Misys Loan IQ product managements, said: 鈥淔inancial institutions are ultimately focused on pushing up their return on equity. In the current environment, reducing costs by consolidating systems is one of the most powerful levers our clients have.鈥�
鈥淚mplementing a unified commercial lending platform is an important first step towards increasing transparency and reducing operational costs to a level that is unimaginable in fragmented lending system environments.鈥�
Jim Long, Misys Loan IQ head of development, said: 鈥淚t is a solution that increases consolidation and integration; is scalable, flexible and transparent; is reliable and has a global reach. By simplifying IT complexity with a next-generation platform, financial institutions can take advantage of a powerful, cost-effective and future-proof solution for lending.鈥�
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