PARIS, NEW YORK, SEATTLE, TORONTO and LONDON, may 24, 2017 Linedata (NYSE Euronext: LIN), editor of solutions dedicated to the professionals of the asset management, insurance, and credit, today announced that Israel Discount Bank of New York (IDBNY) has chosen to deploy Linedata Capitalstream, a platform of reference dedicated to the specialists of appropriations and financing.
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Commercial bank, new york, IDBNY has assets of a value of more than 9 billion US dollars. In order to increase its organizational efficiency and the transparency of its portfolio institutional, the bank has opted for the solution Linedata Capitalstream. With the hosting solution Linedata Hosting to facilitate its deployment, the platform will allow IDBNY to manage the entire process of the installation of commercial loans and to ensure the ongoing monitoring of accounts.
Recognized as a leader in its market, Linedata Capitalstream offers major financial institutions with the tools and services they need to automate multiple lines of business in the world. Two other features of the platform have been decisive in the decision-making of the bank of new york : its superior capabilities of administrative management throughout the underwriting process and credit approval, as well as the possibility to access the new mounting system of commercial loans of IDBNY managed on Salesforce.com.
Louis Turano, Vice-president in charge of information systems at IDBNY, said : “The implementation of Linedata Capitalstream and Linedata Hosting will provide greater overall transparency of the portfolio and the pipeline, while improving the process of credit approval and loan funding. Thanks to the flexibility and modularity of the platform, we are confident that Linedata is able to support us in our development prospects of our services. ”
Steve Nippak, commercial Director for the business Linedata Capitalstream for Linedata Lending & Leasing North America, said : “We are very excited about the idea of working with IDBNY, with whom we have a shared commitment and a common passion to serve our customers and the entire credit professionals. This collaboration, which has the vocation to enroll in the long-term, complete our extensive list of clients and a testament to the ability of our solutions to meet the challenges of regulatory and organizational challenges the banking sector faces today. ”
ABOUT LINEDATA
Linedata is an editor of solutions dedicated to the professionals of the asset management, insurance and credit. With nearly 1250 employees in 20 offices across the globe, Linedata master the challenges of the financial industry and proposes solutions and innovative services, adapted to the evolution of the core business of its customers in over 50 countries. Pioneer there are more than 15 years with the putting in place of infrastructure SaaS for the financial industry, Linedata has spread this model across the whole of the financial community in the world, and on its entire range of products. Linedata has achieved in 2016 a turnover of 166,8 Million. This company is listed on Euronext Paris Compartment B. FR0004156297-LIN Reuters LDSV.LN Bloomberg LIN:FP.
ABOUT IDB BANK
IDB Bank is a commercial bank that is subsidized by the State of New York and a member of the FDIC. In addition to its headquarters in Manhattan, subsidiaries, Brooklyn, NY, Staten Island, NY, Short Hills, NJ and a representative office in Long Island, NY, the bank also has branches in south Florida and California. IDB Bank provides a full range of banking services for individuals and businesses as well as investment products to clients in north american and international. His fields of expertise include middle market, commercial real estate loans and loans on assets, factoring, health care, non-profit organizations, commercial financing and banking transactions private, throughout the United States and internationally.
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