Finastra introduces Total Lending Home to access its lending solutions
By Joy Dumasia
Finastra has launched Total Lending Home, a new cloud-based portal to launch and manage the Total Lending suite of solutions. Current lending products available through the Total Lending Home portal include Fusion LaserPro, Fusion DepositPro, Fusion Compliance Reporter and ProSign Online, with additional lending products to follow.
Benefits of the portal include a single sign-on, powered by Microsoft’s secure Azure Active Directory, for all Finastra’s Total Lending products; the ability to view data from various products for deeper insights and better loan processor efficiency; and value-adding services, such as a repository for regulatory news.
The portal provides a clean and consistent user interface to clients using multiple Finastra solutions. Most significantly, as Finastra migrates its various lending solutions to the cloud, Total Lending Home will serve as the bridge to ease clients’ cloud journeys by serving as a single access point for the Total Lending product suite.
According to a recent report from IBM, 91% of financial institutions are actively using cloud services or plan to within the next six to nine months. Finastra already has its flagship U.S. core banking solution, Fusion Phoenix, and its mortgage solution, Fusion Mortgagebot, on the cloud.
Mitch Lucas, Vice President, Product Management, Development & Legal, Finastra, said: “Lending departments struggle to maintain their focus on lending while simultaneously dealing with challenges relating to infrastructure, applications, processes and data. Moving to the cloud can help alleviate these burdens but brings its own challenges related to the transition. Finastra is committed to making the transition to the cloud as easy as possible while also providing a state-of-the-art user interface to help facilitate the journey.”
Recently, IBS Intelligence reported that Finastra announced its collaboration with Salt Edge to improve the speed of compliance with the Payments Service Directive 2 (PSD2) and other global Open Banking standards for banks and Electronic Money Institutions (EMIs) worldwide.
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