ANZ Automates Wholesale Lending with Misys

Sydney
Sydney

Australia & New Zealand Banking Group (ANZ) has implemented Misys' Loan IQ platform for its core commercial loan management operations as it grows its wholesale lending globally.

ANZ sought to match the needs of the trio of constituent commercial, corporate, and institutional banking segments that comprise its wholesale lending arm, by automating their trading and settlement processes via a single platform. The selection of Loan IQ was made in a competitive process, and sealed after additional clients of the solution were referenced.

"We needed a partner that could support the systems consolidation initiative fueling our super-regional growth strategy, and selected Misys because of its rich, tried-and-tested, and specialist industry knowledge, rather than develop a system in-house or partner with other core systems vendors," says Andrew Leithhead, executive director of transformation projects at ANZ.

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