Meridian Selects Linedata's Solution to Enhance its Lending Business

Meridian Selects Linedata's Solution to Enhance its Lending Business
11.02.2016 09:45 am

Meridian Selects Linedata's Solution to Enhance its Lending Business

Credit Cards , BPM , Infrastructure

Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, is pleased to announce that Linedata Capitalstream, the Best-in-Class solution that provides leading financial institutions with the tools and services they need to automate multiple lines of business around the globe, has partnered with Meridian.

Meridian, Ontario’s largest credit union, has signed a contract for Linedata Capitalstream, the market standard for credit decision makers, plus Linedata Hosting, to rapidly roll out the solution. Meridian, with more than a quarter million members, chose Linedata Capitalstream to manage both their small business and commercial lending origination processes and provide ongoing account monitoring. In doing so, Meridian is implementing a cost-effective common platform and a streamlined application and approval process.

Shawn Clifford, VP Commercial Services, Meridian, comments: “By implementing Linedata Capitalstream and Linedata Hosting, we can easily scale without worrying about operational or infrastructure upgrades as we onboard new users. The flexibility and scalability of the platform mean that we are confident of Linedata’s ability to continue to support us as we further expand Meridian’s member base.”

“We are very excited to embark on this project with Meridian. Over the last few months, we have developed a partnership between our teams that demonstrates our collective commitment, expertise and passion to serve our clients and the industry,” says Jamil Jiva, Senior Director Client Success at Linedata Lending and Leasing in North America. “This partnership with Meridian adds to our already extensive list of clients in Canada and shows once again that our offering meets the geographical, regulatory and organizational challenges faced by lending & leasing firms globally.”

Linedata is a technology partner to many banks, credit unions and leasing firms in Canada through its two flagship products, Linedata Capitalstream and Linedata Ekip360. With nearly 54,000 users of its solutions worldwide, Linedata has become an essential global player in lending and leasing providing the best technology and service demanded by the industry.

With over 70 years of banking history, Meridian is Ontario’s largest credit union, helping to grow the lives of more than a quarter of a million Members, including over 19,000 business Members. Meridian has more than $11 billion in assets under management and delivers a full range of financial services online, by phone, by mobile and through a network of 74 branches and 7 business centres. Meridian Members also have access to THE EXCHANGE® Network, with more than 2,500 no-fee ABMs across Canada and 360,000 ABMs in the United States. For more information, please visit meridiancu.ca

Related News

Swisscard Improves Early Collections, Reduces Net Credit Losses 40 Percent With FICO Analytics

Swisscard AECS GmbH, a leading credit card company in Switzerland, has optimized its early collections using FICO analytics leading to a 50 percent increase in revenue from... Read more »

FCA Rounds On Credit Card Firms Over Customers in Persistent Debt

The Financial Conduct Authority (FCA) has written to credit card firms telling them to review their approach to borrowers who are stuck in persistent debt, where they are... Read more »

Pleo Upgrades From Prepaid Cards To Credit Cards

Pleo is evolving – and perhaps the most important change is our new cards.

We’ve always offered a tool that made it easy for people to buy what they need to do their... Read more »

SoFi Is Partnering With Mastercard to Bolster Its Banking Offering With a Credit Card

The US-based fintech has teamed up with Mastercard for its new card network. Currently, SoFi offers a debit card product to users as part of its SoFi Money product via a... Read more »

Cornèrcard Launches Biometric Credit Card

Switzerland's Cornèrcard has teamed up with Gemalto and Visa to launch the country's first credit card featuring a biometric fingerprint reader.

To register a... Read more »

59% of Card-Present Transactions Globally Use EMV Chip Technology

Technical body EMVCo has published transaction data showing that 58.9% of card-present contact and contactless transactions globally were EMV®-enabled between July 2016 and... 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