Companies to build advanced integration layer between Debtdomain and Misys FusionBanking Loan IQ, offering straight-through-processing for loan arrangers and administrative agents
New York & London – May 25, 2016 – Ipreo, a premier global provider of market intelligence and productivity solutions to financial services and corporate professionals, and Misys, a global financial software company, have announced the signing of an agreement whereby the two companies will integrate Debtdomain and Misys FusionBanking Loan IQ – market-leading software solutions for syndicated loan arrangers and agents.
Clients will benefit from the powerful integration capabilities included in FusionBanking Loan IQ. Mutual clients of Debtdomain and FusionBanking Loan IQ have previously integrated the products, but this solution will be the first that is jointly developed and supported by both Ipreo and Misys.
Through this integration, lender permissions are automatically updated on Debtdomain deal sites based on holdings changes in FusionBanking Loan IQ, thereby eliminating redundant manual work, reducing errors and improving compliance in the handling of sensitive non-public information. In addition, the integration will feed the holdings of each lender of record to Debtdomain in order to facilitate online amendment voting.
The partnership will also include other integration points between the systems, including the automated setup of new deals in FusionBanking Loan IQ based on syndication results from Debtdomain.
“We know from speaking to our clients that this partnership is welcomed by the market,” said David Levy, Managing Director in the Global Markets Group at Ipreo. “We’re pleased to be collaborating with Misys to provide new and improved ways for agent banks to manage deals with the least possible manual effort and reduced operational risk.”
Ken Katz, Director of Product Strategy at Misys, added, “Lenders today find themselves up against information silos and increasing costs. In response we are seeing a drive to simplify, optimize and automate lending lines of business quickly and strategically. We’re committed to delivering rich functionality at every stage of the loan lifecycle and it makes sense for us to collaborate with Ipreo to bring even greater efficiencies to the market.”
Ipreo powers the networks that connect capital to ideas. We are a leading global provider of financial services technology, data and analytics, supporting and connecting all participants in the capital-raising process, including banks, public and private companies, institutional and individual investors, as well as research, asset management and wealth management firms. Our unique, cross-asset class solutions equip our clients with the information and tools they need for more effective decision-making and a more efficient workflow. Ipreo has more than 1000 employees serving clients in every major financial hub around the world. For more information, visit ipreo.com.
Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, capital markets, investment management and risk solutions available on the market. With more than 2,000 customers across 130 countries our team of domain experts, combined with our partner ecosystem, have an unparalleled ability to address industry requirements at both a global and local level. We connect systems, collect data and create intelligent information to drive smarter business decisions. To learn more about how our Fusion software portfolio can deliver a holistic view of your operations, and help you to solve your most complex challenges, please visit www.misys.com and follow @MisysFS on Twitter.
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