Misys has upgraded its commercial lending software, Loan IQ.
The latest version, announced Monday, includes a new system that lets banks track and manage their loan collateral and guarantees. It also has several business-line specific features for collateralized lending.
Loan IQ version 7.2 is the first version of the program that is compatible with the Microsoft SQL server, and it includes a new software development toolkit that allows clients to customize the system without having to code.
"Customers can maximize their IT investment in Loan IQ when deployed on Microsoft SQL Server," says Jim Long, Misys' head of development for Loan IQ, in the news release. "It is a solution that increases consolidation and integration; is scalable, flexible and transparent; is reliable and has a global reach."
