ANZ Selects Misys Loan IQ for Global Lending
Australia & New Zealand Banking Group (ANZ), as part of its super regional strategy, is rolling out Misys Loan IQ throughout its global lending operations.
Misys said that ANZ will deliver a core commercial loan management system to address the combined needs of the commercial, corporate and institutional banking segments for wholesale lending as part of its goal to provide a consistent global customer experience, a set of standardised processes and better revenue management, ultimately reducing operational risk and underpinning regulatory compliance.
It added that Misys solution effectively enables ANZ to consolidate operational processes across both its institutional and commercial lending businesses.
“We needed a partner that could support our systems consolidation initiative in order to fuel our super regional growth strategy,” said Andrew Leithhead, executive director, transformation projects at ANZ. “We selected Misys because of its rich, tried-and-tested and specialist financial services industry knowledge, rather than develop a system in-house or partner with other core system vendors in this instance.”