Finastra has announced an enhanced cloud-based Lending Cloud Service (LCS) in collaboration with IBM to provide comprehensive and cost-effective solutions for corporate lending. The service supports Finastra’s core Corporate Lending applications—Loan IQ, Trade Innovation, and Corporate Channels—and is available to clients in North America and Europe. IBM will assist with the service's design, implementation, and ongoing management using its generative AI platform, Watsonx. The collaboration aims to accelerate digital transformation by offering faster deployment, improved automation, and enhanced operational resilience. Delivered on Microsoft Azure, the LCS incorporates Service Value Management, a customer-focused approach emphasizing continuous improvement and value delivery throughout the cloud transformation process.
The new service combines Finastra’s expertise in financial technology with IBM’s advanced cloud capabilities and deep application management knowledge. Clients benefit from rapid deployment through pre-configured services, automated business processes, and compliance with financial industry standards. According to Steve Moe, Head of Technology for Lending at Finastra, “Working with industry giants like IBM gives us huge scale, credible skills, and a reliable and quick path to implement offerings that deliver value at speed for our customers.” Shanker Ramamurthy, Global Managing Partner at IBM Consulting, highlighted that the collaboration provides greater automation and AI-powered insights, helping corporate clients enhance efficiency and resilience while maintaining industry compliance across their cloud environments.
