IBS Journal June 2015


there are the likes of FIS’s ALS and smaller long-standing specialists such as Nortridge Software. The newer arrivals are at the low-end of the lending sector, most notably the


and Cloud Lending Inc. The latter’s solution is built on top of the salesforce.com plat- form. These two suppliers have been gain-


but also replacing some of the older tradi-


started to edge upwards into the small- est banks and credit unions, as well as into the peer-to-peer space and niche lenders. Mambu, for instance, signed a short-term lender in the UK, Savvy Loans, last year.


-


bu, the front-end is custom-built by Savvy Loans’ IT arm. At the other end of the scale are the


syndicated lending duo of Misys, with Fusionbanking Lending (much better


known as LoanIQ), and FIS with ACBS. Both suppliers claim to a greater or lesser degree that these systems also support more gen- eral corporate lending. They are old, heavy systems to implement but can handle the complexity and scale needed by the larger syndicated lenders. A major centralisation project at ING with LoanIQ at its heart is one of the biggest at present in the indus- try.


Misys’ moves to broaden the appeal


of LoanIQ are particularly apparent in its acquisition in 2014 of US supplier, Custom Credit Systems (CCS). Farm Credit Bank of Texas (FCBT), a LoanIQ user since 2008, is currently implementing the CCS-derived CustomLender, having coincidentally selected this prior to the acquisition by Misys. CustomLender is a loan origination


end. FCBT’s CIO, Michael Elliott, felt the acquisition of what he described as a ‘very


by Misys’ ambitions to move into the mid-market. An example of a regional acquisition


was Netherlands-based Davinci buying Belgium-based Finbetween in early 2014. This brought together the former’s front


has been done since then to integrate the solutions, with a number of ongoing bids. Davinci director, Jo Triest, highlights


the following areas as the most important for lenders over the next couple of years: ‘changing regulations, a multi-channel approach, the redesign of end-to-end pro- cesses to bring more and more work to


technologies to make traditional data entry obsolete’. On occasions, the mainstream core


banking systems have been sold for the two market leaders, Temenos and Ora-


overview: lending


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