Linedata Capitalstream adds 'sales accelerator'

Source: Linedata

Linedata (Euronext Paris: LIN) announces the latest release of Linedata Capitalstream, a commercial loan origination and risk management solution, with powerful new features to address evolving business needs and improve the user experience.

A new module, “Sales Accelerator”, enables front office personnel to leverage data from Linedata Capitalstream to increase sales and revenues while managing risk. Sales Accelerator is a mobile application empowering relationship managers, branch personnel and sales representatives to manage day-to-day tasks and access key client information from any device.

This version of Linedata Capitalstream, available now, also contains new commercial real estate capabilities to capture sources and use of funds, with the ability to assign conditions to each disbursement. These features provide financial institutions with details of cash inflows while mitigating risks relating to cash outflows. The ability to upload multiple customer files to multiple locations simultaneously from a single screen has also been added to increase operational efficiency.

Additional enhancements include:
- Better integration to consumer credit repositories, facilitating the entry of security PINs to address consumer privacy concerns and deter fraud;
- Support for the forthcoming Current Expected Credit Loss (CECL) accounting standard. New fields detail the model utilised, model version, calculation date and CECL calculation so clients can validate their existing CECL models;
- Integration with Ambit Optimist, a leading industry financial statement spreading solution from Fidelity National Information Services Inc. (FIS), to help financial institutions make better credit decisions while managing risk.

“These latest updates are part of our continued drive to ensure Linedata solutions offer the best of operational efficiency and user experience. With more regulatory change ahead, and ever-increasing pressure to manage risk, our clients must have the right systems in place to ensure they can readily access the information they need to make informed business decisions” says Jamil Jiva, Executive Vice President, Head of Lending & Leasing North America at Linedata. 

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This content is contributed or sourced from third parties but has been subject to Finextra editorial review.

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