The agency and bilateral loan business of Credit Suisse First Boston(CSFB), has licensed the Loan IQ commercial lending system from New York's IQ Financial Systems.
The first phase of the Loan IQ implementation will be in CSFB's New York and London offices. The investment bank then plans to roll out the system globally.
Loan IQ offers integrated front-to-back office support, workflow efficiencies and centralised information access for the global lending business.
"Implementation of this highly integrated, state-of-the-art system for loan processing demonstrates our commitment to the future of our business as a key offering," says Bruce Ling, managing director of syndications for CSFB in New York