KBC Bancassurance deploys IQ Financial System's lending software

KBC Bancassurance Holding has deployed IQ Financial Systems' commercial lending system Loan IQ at its head office in Brussels.

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KBC Bancassurance deploys IQ Financial System's lending software

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KBS is using the front-to-back lending system to manage its corporate lending book, which includes both syndicated and bilateral components.

The package is integrated with KBC's core infrastructure and interfaces with general ledger, payments, and funding systems, allowing the bank to streamline back-office processes and standardise procedures between branches.

IQ Financial says the bank plans to install the product across its New York, London, France and Asia Pacific operations this year.

Luc Gijsens, general manager corporate and institutional banking of KBC Bank, says: "Loan IQ is a critical tool for us to support our expanding global loan business."

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