Misys, the global financial services software leader, has announced the appointment of Paul Spiteri as the Global Sales Director for its commercial lending portfolio.
The new role has been set up to address the increasing need for banks and financial institutions to manage their commercial lending operations more efficiently.
Misys has seen a significant increase in the number of customers consolidating loan servicing systems onto a single platform to drive tangible benefits to their business, such as reduced costs and lower operational risks. Misys Loan IQ manages the entire lifecycle of all commercial loans, from multi-party syndications to bi-lateral lending agreements such as commercial real estate finance or asset-based lending.
Banks have a real-time view of all borrower exposure globally which allows them to reduce capital allocation by as much as 8%, while the improvement in operational efficiencies allows reduction in relevant costs of at least 30%. Misys Loan IQ customers also see significant ability to increase volumes - often by as much as 75% - by using a single system that allows greater productivity, reliability, and insight.
Erin Smith, Vice President, Banking Business Development, Misys comments, "Paul's experience in helping banks across the world to generate more revenue for their lending business, while reducing costs is second to none. He is exactly the right person to be able to spearhead the growth of our commercial lending business as we continue to satisfy our customers' needs in this area."
Paul Spiteri has been heavily involved in Misys Loan IQ for over 12 years in sales and supporting customers in project management and account management. Over that period of time he has built a deep product and industry knowledge which will deliver value to the commercial lending customers.