Source: Misys Banking Systems
Misys Banking Systems and IntraLinks, a leading provider of secure online workspaces to the financial services industry, have entered a strategic alliance to produce LenderBridge.
This connector between the loan management system, Misys Loan IQ, and the IntraLinks platform will boost efficiencies for customers using both services. Deployed as a component of Misys Loan IQ, LenderBridge automates the addition and removal of lenders to and from IntraLinks while working within the Misys Loan IQ service.
Using LenderBridge to synchronise the contact information between Misys Loan IQ and IntraLinks, agent banks are able to disclose documents to lenders faster and more accurately, improving both credit and financial disclosure as well as reducing legal and operational risks. This interoperable service will solve critical operational challenges and save agent banks significant time in managing their business.
Andrew Fieweger, Vice President of Product Management at IntraLinks, comments, "As the secondary trading market has become more active, processing bank group changes has become increasingly complex. LenderBridge will help customers to keep pace by simplifying this process, enabling many participants in this trillion-dollar market to operate more efficiently."
Ken Katz, Product Manager at Misys Banking Systems, states, "Information is the lifeblood of the loan syndication market. The faster we can move information to the appropriate participants, the more responsive this market will be to its customers. LenderBridge represents an important step towards creating a straight-through processing environment for the industry and will help to speed up the agency process."