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iLumen to power HCL's CapitalStream

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CIOL Bureau
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NOIDA, INDIA: IT provider HCL Technologies and iLumen, a provider in risk management, today announced a strategic relationship to power CapitalStream, HCL's business and commercial lending system, using iLumen technology.

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The combined offering will extend Capital Stream's Straight Thru Processing solution to allow a bank's customers to send financial statements, information and documents through a secure electronic portal thereby improving customer data and relationship management while also lowering costs and enhancing portfolio management, said a press release.

The partnership would include both technical product integrations and co-marketing arrangements. iLumen provides enabling technology for commercial banks to connect, consolidate and standardize both internal bank data and customer-submitted data into a common data model and repository for credit, risk, and relationship management.

HCL's CapitalStream solution is a complete software platform for business and commercial lending that automates sales, origination, credit, due diligence, documentation, and portfolio management.

Integrating CapitalStream with iLumen's technology extends the automated life-cycle of commercial relationships all the way to the ultimate source of credit information, the desktop of each individual borrower, the release added.