Cloud Lending Solutions, a cloud-based lending platform, announced earlier this week it has formed a partnership with Fujitsu Limited, an information and communication technology (ICT) company, to bring cloud-based lending to its business practice, starting with Japan. Cloud Lending reports that the partnership presents a tremendous opportunity for Fujitsu to provide a cloud-based loan and leasing software to customers in the Asia-Pacific region and eventually around the globe.
The companies stated that they are teaming up to bring transformation to lending and leasing businesses, enabling digitization and simplification of applications, contracts, and collections. Fujitsu is offering the Cloud Lending Solutions in combination with its support, operations, and deployment configured to a customer’s environment. The partnership will also allow customers to easily migrate from traditional lending and leasing businesses, built in on-premises environments, to rapidly adopt cloud technology at a fraction of the cost. Likewise, companies who are entering the lending or leasing business can leverage fintech in a short period at a low cost.
Adrian Szwarcburg, Vice President of Global Partners and Alliances of Cloud Lending Solutions, explained:
“The partnership with Fujitsu is an outstanding opportunity for us to extend our reach globally to clients of all sizes in the Asia-Pacific region. We are excited to partner with Fujitsu and to see them sign their first of many clients in Yayoi.”
Hideki Kiwaki, Corporate Executive Officer EVP, Vice Head of Global Services Integration Business (Integration Services) of Fujitsu Limited, also commented:
“Partnering with Cloud Lending Solutions gives Fujitsu another option for SaaS lending offerings that leverage our financial services track record. Companies are looking to transform how they do business, engage customers, and leverage FinTech, and Cloud Lending Solutions provides us with ready-made solutions that satisfy our customers’ business needs.”
Cloud Lending Solution added its product allows the Fujitsu Group to configure the loan and lease practice of their customers in adapting product and lending workflows to customer requirements and complementing existing systems. Cloud Lending Solution customers can create a transformative Omni-channel borrower experience that best fits the borrower’s needs, while simultaneously providing the customers with transparency and visibility into all areas of the borrower’s loan lifecycle.