Misys Launches New Crowdlending Module to All Customers

Misys Launches New Crowdlending Module to All Customers
17.01.2017 08:30 am

Misys Launches New Crowdlending Module to All Customers

Banking , Crowdfunding

New module enables retail and corporate banks to grow their lending business and recapture P2P market share

Today, at its Connect Forum in Paris, Misys launched its new crowdlending module. Misys FusionBanking CrowdLending supports retail and corporate banks in delivering funding to all customers, from the individual to SMEs and large corporations. It opens the door for banks to claim a stake in the accelerating global loan origination market, which could command almost half a trillion dollars globally by 2020.

“Alternative finance has made its mark,” said Simon Paris, President at Misys. “Overall loan volumes are on the up, but a growing and increasingly relevant slice of the market is now being processed by independent P2P providers. With traditional lending vehicles also under pressure from marketplace lenders, banks risk missing out. Our approach enables banks to capture more of the opportunities in this market, and to de-risk, disrupt and quickly grow in this competitive space. Crowdlending with Misys is a digital leap that banks can make now and it is a leap that could see them play a significant role in boosting SME funding – an area that has been underserved to date.”

FusionBanking CrowdLending provides a fully integrated, white-label platform which enables banks to bring lenders, including individuals, asset managers and banks, together with borrowers of all sizes, innovating and digitalising traditional lending. By embedding crowdlending in the overall credit lifecycle, a bank can maintain and expand its client base, no longer having to turn away those they otherwise wouldn’t fund. At the same time, loans are originated off balance sheet to diversify risk.

James O'Neill, Senior Analyst for Banking at Celent said, “A key limitation to the long-term growth of the marketplace lending sector is the lack of industry standards across the various platforms competing in the market, and as a result important metrics like credit quality and collection policies are not uniformly administered across competitors. FusionBanking CrowdLending is thus a welcome addition to the marketplace lending scene as it allows traditional banks to contribute their expertise in credit management to borrowers and lenders alike. Additionally, unlike some marketplace lending platform providers who continue to operate at a loss, FusionBanking CrowdLending will enable bank-administered platforms to provide long-term financial stability to the marketplace lending sector, allowing for the acceleration of innovation in the future while plugging a funding gap that currently exists for SMEs.”

For borrowers, FusionBanking CrowdLending provides easy access to alternative funding through a trusted bank platform, with no additional sign up processes required. In-house processing affords cost efficiencies which deliver borrowers competitive rates. Users also benefit from their bank’s customer network of lenders and investors, for fast loan origination. Investors benefit from established credit risk processes and bank infrastructure, to minimise potential risk.

FusionBanking CrowdLending is born out of the Misys FusionReactor innovation lab. The agile cloud-based platform is built on the Misys FusionFabric architecture. The new platform serves to originate peer to peer commercial loans. It is available pre-integrated with Misys FusionBanking Loan IQ for servicing resulting syndicated loans. It can also be integrated into other existing servicing platforms.

Related News

Icici Bank Introduces Digital Application Form for Opening Current Accounts

ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of a digital application facility on smartphones and tablets, that enables bank... Read more »

Fico Unveils New and Improved Banking Tools

FICO today unveiled a host of new retail banking solutions that allow lenders to manage the credit lifecycle in a way that is smarter, faster and simpler. The innovations are... Read more »

IBS ranks Temenos #1 best-selling end-to-end banking software provider in the international market

Temenos (SIX: TEMN), the banking software company, was ranked the market’s leading software provider in the core banking category, as well as in the digital banking and... Read more »

Solactive and UBS launch pioneering World Bank & Develop- ment Bank Debt Indices

Solactive today issued the Solactive UBS Development Bank Bond Index Family, a new family of financial benchmarks targeting the World Bank and other high-grade development bank... Read more »

Side-by-side-integration

valantic and Thomson Reuters intensify their cooperation

The internationally acting companies valantic Trading Solution AG and Thomson Reuters have announced to further intensify their long-standing and successful cooperation. The... Read more »

Maybank Re-engineers Online Platform

Maybank expects the number of its online banking transactions to increase to 6.4 billion in 2018, aided by the new and reimagined Maybank2u website which will be launched to... Read more »

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