Linium, a world-class provider of business services that empower the entire enterprise, announced today that it has successfully led a major Loan IQ system rollout implementation for a global UK bank.
Making the Move from Legacy Systems
The global bank was in need of consolidating and moving all syndicated and participation deals from legacy Commercial Lending systems into Loan IQ and decommissioning all legacy loan systems and sub-systems. In response, the bank selected Linium to run the US and Canada (North America) Loan IQ implementations and provide subject matter expertise to 4 additional locations.
"This scenario is not uncommon. Many financial services institutions find themselves in this exact predicament - legacy systems impeding them from realizing true efficiencies, said Linium Managing Partner, Gary Huang. "We help our clients modernize and reduce process redundancy within commercial lending operations. By virtue of our experience with multiple Loan IQ implementations, we have an intimate understanding of the implementation lifecycle to help reduce the high costs associated with those redundancies. We are in a unique situation in the market as we have been involved in more of these types of projects than any other firm which gives us the ability to bring the level of experience our clients demand for a successful implementation."
Linium is a globally recognized firm with over 16 years of experience specializing in consulting, recruiting and managed services that position companies to achieve modernization and change the way people work. We partner with our clients to solve today’s most pressing operational challenges by leveraging people, process, and platforms; whether it’s streamlining how business services are delivered across the enterprise, acquiring top talent, or mitigating risk through regulatory compliance. The bottom line – we help you achieve operational efficiencies so you can focus on innovation. To learn more about Linium's financial Services expertise, visit us online at: www.linium.com/financialservices.