Ipreo and Misys Cooperate to Deliver Syndicated Loan Solution

Ipreo and Misys Cooperate to Deliver Syndicated Loan Solution
25.05.2016 02:15 pm

Ipreo and Misys Cooperate to Deliver Syndicated Loan Solution

Alternative Finance

Ipreo and Misys announced the signing of an agreement whereby the two companies will integrate Debtdomain and Misys FusionBanking Loan IQ – market-leading software solutions for syndicated loan arrangers and agents.

Clients will benefit from the powerful integration capabilities included in FusionBanking Loan IQ. Mutual clients of Debtdomain and FusionBanking Loan IQ have previously integrated the products, but this solution will be the first that is jointly developed and supported by both Ipreo and Misys.

Through this integration, lender permissions are automatically updated on Debtdomain deal sites based on holdings changes in FusionBanking Loan IQ, thereby eliminating redundant manual work, reducing errors and improving compliance in the handling of sensitive non-public information. In addition, the integration will feed the holdings of each lender of record to Debtdomain in order to facilitate online amendment voting.

The partnership will also include other integration points between the systems, including the automated setup of new deals in FusionBanking Loan IQ based on syndication results from Debtdomain.

"We know from speaking to our clients that this partnership is welcomed by the market," said David Levy, Managing Director in the Global Markets Group at Ipreo. "We're pleased to be collaborating with Misys to provide new and improved ways for agent banks to manage deals with the least possible manual effort and reduced operational risk."

Ken Katz, Director of Product Strategy at Misys, added, "Lenders today find themselves up against information silos and increasing costs. In response we are seeing a drive to simplify, optimize and automate lending lines of business quickly and strategically. We're committed to delivering rich functionality at every stage of the loan lifecycle and it makes sense for us to collaborate with Ipreo to bring even greater efficiencies to the market."

Related News

Washington Trust Bank Expands Partnership to Baker Hill NextGen

Baker Hill, the leading financial technology provider in delivering solutions for common loan origination, risk and relationship management, CECL, and smart data analytics,... Read more »

Smartlands to Revise and Expand Legal Framework, Base Future Projects on Liechtenstein Law

Smartlands, the next-generation blockchain-based global investment and digital banking ecosystem, will be expanding its legal framework in... Read more »

State Street Announces New Partnership With iCapital Network

State Street Corporation (NYSE: STT) today announced it has entered into a new partnership with iCapital... Read more »

5 ways that digital technology can help small businesses

5 ways that digital technology can help small businesses

Technology is growing fast and ever-changing. Processes are becoming more efficient and many... Read more »

Asia is ahead of Europe by the popularity of P2P lending

The analysis of search queries related to P2P lending, which was conducted by the international fintech holding ... Read more »

Hawaii State FCU Chooses Baker Hill NextGen® To Support Rapid Growth in Commercial Lending

Baker Hill, a leading financial technology provider, delivering solutions for common loan origination, risk and relationship management,... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel