EDB wins commercial lending contract with Cheshire BS

EDB wins commercial lending contract with Cheshire BS

Cheshire Building Society has chosen technology from Norwegian software supplier EDB SysCon to upgrade its lending operations, in a Nkr6 million (£0.5 million) deal.

The SysCon Lending System offers a system for both complex commercial lending and retail lending, and provides administration throughout the entire life cycle of a loan.

Kelvyn Hughes, commercial lending controller at the Cheshire Building Society, says: "We were looking for a system that provided both bi-lateral and syndicated functionality. SysCon was able to provide this in the most efficient way with a single system."

EDB SysCon recently opened an office in the UK to expand the company's international presence. Existing customers include the Bank of Scotland and the Nationwide Building Society in the UK, Alpha Bank in Greece and Danish Ship Finance (DSF).

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