Finastra and IBM Enhance Lending Cloud Service with AI Support

Finastra has partnered with IBM to enhance its Lending Cloud Service (LCS), as announced in a press release. The collaboration leverages IBM's watsonx to provide comprehensive managed services for Finastra's Corporate Lending solutions, including Loan IQ, Trade Innovation, and Corporate Channels, targeting clients in North America and Europe.

IBM will deliver design and implementation services for the LCS, utilizing its generative AI platform, watsonx, to enhance operational efficiency and resilience. The service is hosted on Microsoft Azure and aims to offer quick deployment, standardized processes, and ongoing conformance with industry standards.

The enhanced LCS is part of Finastra's strategy to provide seamless digital lending solutions, with IBM's support ensuring scalability and deep application management expertise. This collaboration is expected to help Finastra grow its business by offering greater value and automation to its corporate clients.