The end-to-end platform will help lenders to minimise cost and improve operational efficiencies as well as enhance customer experiences
Swiss banking software firm Temenos has launched an upgraded version of its business lending platform, designed to support financial institutions in the digital transformation of their corporate banking operations.
The next-generation end-to-end platform will help lenders to minimise cost and improve operational efficiencies as well as enhance customer experiences, said the Swiss firm.
It will also assist banks to automate their manual and complex processes and enable their corporate lending teams to make quick and smart decisions.
Temenos CEO Max Chuard said: “Corporate banking represents a large addressable market, ripe for change as banks need to accelerate their digital transformation to meet their corporate clients’ expectations.
“Temenos has invested relentlessly to deliver an innovative end-to-end, corporate lending platform based on advanced cloud and AI technology combined with rich banking functionality.
“We signed new flagship corporate banking clients and our product has been named a leader by top analyst houses.”
The Swiss firm said that its corporate lending platform enables banks to assess loan applications quickly, structure complex corporate deals and handle negotiations efficiently with greater transparency.
The upgraded version also enables banks to evaluate credit risk to maximise the performance of their product portfolio and capital, as well as help corporate customers access the right credit facilities for their needs.
It will also allow banks to manage lending for both corporates and SMEs, further streamlining systems and processes.
According to the Swiss firm, its upgraded corporate loan origination capabilities assist financial institutions to manage the entire loan lifecycle, from pre-screening to underwriting, due diligence, document capture, credit administration, acceptance and closing.
Chuard added: “With our corporate lending platform, banks can consolidate disparate systems on a single, cloud-native platform that gives the agility to deliver tailored solutions to their corporate customers, improves transparency and efficiency removing the need for manual interventions.”