Fujitsu Limited and Cloud Lending Solutions will provide a fintech solution to banks and other financial services organisations across the world.
Both companies have signed a Memorandum of Understanding (MoU) to this end.
The fintech solution is developed by Cloud Lending Solutions. This cloud-based, end-to-end lending and leasing platform will be delivered to existing Salesforce.com enterprise customers and businesses who want to expand their product portfolio or geographic footprint.
Both partners will also collaborate on go-to-market collaboration to support global customers, initially starting with the Japanese and ASEAN markets.
"Working with startups and the rich Silicon Valley ecosystem is one of the core missions of Fujitsu Laboratories of America," said Masayuki Kato, CEO of Fujitsu Laboratories of America. "This collaboration showcases Fujitsu's open innovation by bringing collaborative best-of-breed solutions to Financial Services customers around the world."
Single system of record
This fintech solution is a cloud service that digitises origination, underwriting, servicing, and collections, creating a single system of record for lending and leasing operations.
Traditional lenders will leverage the offerings to upgrade to new solutions making use of the latest cloud technology.
Fujitsu Limited and Cloud Lending Solutions will work towards strengthening their strategic partnership in the United States by collaborating with Fujitsu Laboratories of America, Inc.
In addition, Fujitsu will contribute to the solution with its finance-related business knowledge and system-construction know-how, and also support by localizing the solution with customers' existing systems.
"Cloud Lending Solutions clients elevate profit margins by generating greater revenue, increasing operational efficiencies, and improving credit risk management," said Snehal Fulzele, CEO, Cloud Lending Solutions. "Our partnership with Fujitsu will allow us to deliver advanced innovations in financial services to businesses in the Asian region including Japan."
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