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Major Spanish banking group chooses Linedata as technology partner to develop its lending business in Latin America

Linedata (NYSE Euronext : LIN), Linedata, the global solutions provider dedicated to the investment management and credit industries, has for the past year been working with a leading Spanish bank to develop its consumer credit and auto finance business in Latin America. This ambitious strategic project for the two parties was launched in Mexico in 2014 and rolled out to other countries including Chile in 2015.

At the core of the project is Linedata's Ekip360 software. This new front-to-back technology platform was chosen because it offers broad functional coverage that can be customised to the specific environment and allows staged deployment to not only different geographical regions but also to each business line and functionality. The project is about to launch for the consumer credit business and will then intensify with the upcoming provision of a front-to-back solution for other types of financing.

The rapid roll-out of Linedata Ekip360 was made possible thanks to the common developments and configuration shared by all the target entities of the client.

Alain Mattei, Head of Linedata lending and leasing Europe, said: "We are particularly proud and honoured to have been chosen by this leading European bank to support its growth strategy in Latin America. This underlines the know-how, commitment and capacity that Linedata brings to its clients in their international expansion, wherever they are in the world.

To support the success of this multi-country project, we have mobilised a team of experts on the ground who are able to work in Spanish with our client's teams.

This is a decisive step forward which shows once again that our offering meets the geographical, regulatory and organisational challenges faced by global lending businesses.

The project also allows us to strengthen our market share in Latin America."

Linedata is technology partner to many banks and leasing firms in Latin America through its two flagship products, Linedata Ekip360 and Linedata Capitalstream. With nearly 54,000 users of its solutions worldwide, Linedata has become an essential global player in lending and leasing providing the best technology and service demanded by the industry.