Finastra and IBM’s AI-Powered Lending Service Could Change Banking Forever
Armonk & London, UK, 20th March 2025 – Finastra and IBM have teamed up to improve lending services for businesses. On March 19, 2025, they announced their new Lending Cloud Service (LCS), which will help clients in North America and Europe manage loans more efficiently. This service combines Finastra’s expertise in financial software with IBM’s advanced technology.
Steve Moe, who leads technology for lending at Finastra, expressed excitement about this partnership. He said, “We are excited to make this announcement as it demonstrates momentum in continuing to provide seamless digital lending solutions to our customers.” He emphasized that working with IBM allows them to offer better services quickly.
IBM will use its generative AI platform, watsonx, to design and implement the LCS. This collaboration aims to make the lending process smoother and more reliable for clients. Shanker Ramamurthy from IBM Consulting noted, “The global banking community is increasingly recognizing the imperative of leveraging exponential technologies.” He believes that combining these technologies gives banks a strong advantage.
The Lending Cloud Service operates on Microsoft Azure and focuses on customer needs. It includes features like quick setup, standardized processes, and ongoing support. Users will benefit from faster deployment and continuous compliance with industry standards.
With this new service, Finastra hopes to enhance its offerings and help businesses manage their loans more effectively. The partnership with IBM is a step towards providing greater value and insights for corporate clients. As both companies continue to innovate, they aim to make lending easier and more accessible for everyone involved.
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