Finastra and IBM have collaborated to offer an enhanced cloud-based lending managed services offering called Lending Cloud Service (LCS).
LCS provides comprehensive and cost-effective services for Finastra's Corporate Lending solutions and is supported by IBM for Finastra clients in North America and Europe.
IBM is providing design and implementation for LCS using its generative AI platform called watsonx to efficiently manage the new platform.
LCS is delivered on Microsoft Azure and combines Finastra's financial services technology expertise with IBM's scalability and application management knowledge.