CapitalStream®, a pioneer in front office automation solutions for commercial finance operations, today announced National Bank of Canada (NBC) as its newest customer and largest installation to date. The sixth largest chartered bank in Canada with assets in excess of $75 billion, NBC will implement FinanceCenter® 8.0, CapitalStream’s latest release of its flexible technology platform. This is CapitalStream’s third international contract this year demonstrating the company’s broad reach and ability to compete on a multi-national level.
NBC will use FinanceCenter in its Commercial Division for Small Business primarily for lines of credit and related credit product origination. This implementation incorporates eight separate gateways operating in tandem within a large, complex IBM-standard environment. NBC will upgrade its existing systems by combining the FinanceCenter front office automation solution with proven analytic solutions to provide significantly greater flexibility in the integration of the company’s business processes and rules related to loan and credit processing.
"By blending CapitalStream's complete front office automation solution with today’s premier back office analytic solutions, we can take an application, gather all the required information, retrieve a score, make a decision, and respond instantly back to the customer," said Simon Ledoux, Senior Manager, Business Market Development, National Bank of Canada. "With this complete package we help small business lenders increase throughput, improve responsiveness and reduce risk."
FinanceCenter provides business credit origination and workflow automation in a single solution that delivers real-time, collaborative decisioning, documentation management and workflow automation capabilities. CapitalStream’s end-to-end solution automates all business credit processes from quote, submittal, and schedule creation and maintenance, to the generation of a credit offering memorandum, credit approval process, and the uploading of funding information.
"National Bank of Canada is among the many financial institutions working hard to improve efficiency of operations, grow revenue and meet customer demands for integrated products and services," said Kevin Riegelsberger, CapitalStream’s president and CEO. "CapitalStream’s FinanceCenter solution is designed to link with various systems to provide a complete, easy-to-use front office platform. In today’s loan processing climate, this advantage is critical to not only staying competitive but coming out on top."
By providing the tools to better manage credit risk, reduce costs, and attract new business by automating manual processes for leases, loans, cards and lines the CapitalStream – FinanceCenter platform has enabled many financial services companies to continue to improve their customer’s experience and increase operating efficiencies.
An active social and economic force for more than 140 years, National Bank of Canada is the sixth largest chartered bank in Canada, with assets in excess of $75 billion. The National Bank’s head office is located in Montreal and its Canadian network boasts 546 branches, including 454 in Quebec. The National Bank is also increasingly active on the international scene, with offices in all four corners of the globe.
Innovation, dynamism and customer service have come to characterize the way the National Bank does business. We’re a partner well worth discovering, with our comprehensive range of products and services for individuals and large and small businesses alike, and our non-traditional network.
For more information, visit National Bank of Canada on the Web at www.nbc.ca.
Established in 1995, CapitalStream develops financial front office automation solutions that enable banks
and finance companies to transform paper-based, stand-alone operations into integrated, streamlined finance supply chains.
CapitalStream solutions streamline application processing, deal structuring, credit analysis and document generation
to rapidly originate leases, loans, lines and cards. As an established industry leader, CapitalStream has helped many
small business lending, equipment finance and commercial lending operations to improve relationships with customers and partners,
streamline operations, reduce risk and achieve significant revenue growth. For more information, visit CapitalStream's
Web site at
www.capitalstream.com.
Sandra Sick
CapitalStream, Inc.
206-548-1703
sandras@capitalstream.com
