France-based MCO Finance has signed two new deals with separate French clients to supply its loan software. MFPrécaution has chosen the Jloan GT reference software package to produce and manage its real guarantees loans for 130,000 members of its public service mutuals (PSMs). MCO will host and supply the front-to-back office package, mainly off balance sheets commitments, including accounting, collections and payments. France-based MCO Finance has signed a new deal with Escalb Invest to supply its credit management software solutions. Escalb Solaire, an investment fund made up of firms in Tarn, south west France, has created Escalb Invest. This is a holding company comprising Prêt Story and ENR Story Invest, who use participative financing platforms in the form of crowdlending. Since August 2016, post-acquisition by Open Group there has been a rapid uptake of the Xloan product. There has been a new implementation of Xloan at Cofiloisir, a subsidiary of BNP Parbas & Neuflize in December 2016 and Caisse du Developpement De La Corse in April 2017. In addition to that they have Bred banque part of BPCE group using the compliance module TEG/TAEG Loan simulation.
Functionality of Xloan
Front-to-back office support for real estate loans, guarantees, consumer loans, leasing, equipment loans, loan buyback/debt purchasing, pooled/syndicated loans, Mortgage loan, microfinance and project financing. Funds recovery (debt management), follow-up of easy/contentious loans, accounting, regulatory compliance, asset securitisation, electronic publishing, data warehouse for reporting. Loan Access is a loan calculation engine. Jloan MK for refinancing and risk management. Jloan GT for guarantees management.
User list Xloan
Number of known sites: 8 Crea-Sol (France) Creatis (France) Crédit Immobilier de France (France) Credits UNOFI Francetel (France) Socram Banque (France, UK) Sofiap (France) Sogama Banque (France)
