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PROFILE Cloudy with a chance of lending


Attending LendIt USA during March, IBS Journal met up with Riteesh Singh, Global Head of Cloud Services at Misys, to chat about lending, the US market and how cloud is becoming a much more mature technology


Senior Reporter Alex Hamilton


Creating flexible capabilities for third-parties is what Misys’ Platform-as-a-Service offerings are all about, according to Singh. In his opinion, the vendor has the widest portfolio of cloud-based services on the market today, and one that multiple firms can connect with. Crowdlending is a major part of what the company has built on its Fusion platform.


“Banks today, when they want to access the crowdlend- www.ibsintelligence.com © IBS Intelligence 2017


ing market, have to use their back office application and that loses them their connection to the end borrower,” says Singh. “What we are saying is ‘if you use this plat- form you can just white label it’ and you can retain that relationship while retaining the same capabilities of a sturdy back office platform.”


From a Platform-as-a-Service perspective the Misys offering is completely open, and more applications can


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