Misys Delivers Loan IQ 7.1 for Fully Integrated Commercial Lending

London - 5 March 2012

New version allows firms to lower risk and increase efficiency through straight-through processing on one consolidated platform.

Misys plc (LSE: MSY.L), the global leader in treasury, capital markets and banking software solutions, announced today the availability of Misys Loan IQ 7.1, a fully integrated, comprehensive commercial lending solution that covers all aspects of the loan lifecycle and handles asset-based lending, commercial real estate lending and large corporate loans, including syndicated lending.

The solution provides a foundation that will allow Loan IQ clients to consolidate loan servicing systems for bilateral lending, syndicated lending with loan trading on a single platform. Version 7 includes Misys Origination for loan origination processing, Misys Portal for Loan IQ for online management of lending activities, and improved payment processing. Using the new consolidated system will allow clients to reduce or eliminate manual processes through increased straight through processing (STP), improve risk management and comply with necessary regulatory requirements through real-time exposure reporting.

Loan IQ Version 7 also includes SOA capabilities and an industry standard application server, as part of Misys' technology transformation of Loan IQ to an SOA architecture, so that financial institutions can leverage their in-house Java and Java EE knowledge and environments.

"Agility, transparency and efficiency are top priorities for today's commercial lending organisations. However, manual and paper-based processes continue to hinder lending lines of business, increasing risk and creating a fragmented view of exposures for customers," said Kristin Moyer, Research Director, Gartner. "Achieving a single view of all lending lines of businesses is crucial. This will not only improve operations and satisfy customer demand for transparency, but will ease compliance with impending regulatory reform."

Ken Katz, Loan IQ Senior Solutions Manager at Misys, comments, "Helping our clients realize the single platform vision for lending solutions - both syndicated and bilateral - has been the driving force behind the development of Loan IQ. Not only can we help them achieve a significantly reduced total cost of ownership, but we can also help them gain significant improvements in operational efficiency, as well as better manage risk."

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