Finastra and IBM announced a collaboration on March 19, 2025, to enhance Finastra’s cloud-based lending managed services. The new Lending Cloud Service (LCS), supported by IBM Consulting, will provide corporate lending solutions such as Loan IQ, Trade Innovation, and Corporate Channels for Finastra clients in North America and Europe.

IBM is leveraging watsonx, its generative AI platform, to optimize the new service, offering automation, resilience, and AI-powered insights to corporate banking clients. The service is built on Microsoft Azure and aims to improve efficiency, compliance, and cloud transformation through IBM’s deep expertise in infrastructure management.

Key benefits of the Lending Cloud Service include:
- Faster deployment with pre-configured services
- Automation and standardization of business processes
- Cost savings through cloud-based efficiencies
- Industry compliance with financial services standards
- Scalability and resilience from IBM’s infrastructure expertise

IBM’s Shanker Ramamurthy, Global Managing Partner for Banking & Financial Markets, emphasized the growing need for AI, hybrid cloud, and robust ecosystems in banking. Finastra’s Steve Moe, Head of Technology for Lending, highlighted how this partnership enables faster implementation of digital lending solutions.

For more details, visit Finastra.com or IBM.com.