Loan IQ Transact Factsheet
Bringing straight-through-processing to loan servicing
Finastra builds and maintains generic, market facing generic APIs which can connect to any upstream system and Loan IQ Transact manages the integration to and consumption into Loan IQ. Loan IQ Transact is system agnostic and enables clients to move from manual data entry to STP.
Process automation
Enables straight-through processing which increases efficiency and provides the scalability needed to support business growth
Increased efficiency and control
Eliminates the need to rekey information manually into the loan servicing system
Lower TCO
Reduces costs with Finastra owning the build and maintenance of the market facing API’s, the translation, mapping and enrichment
Automate loan servicing with ability to execute transactions seamlessly
Smart ingestion
Supports the ingestion of a new transaction or lifecycle event agnostic to the upstream system(s)
Complex conversion
Converts external transactions into Loan IQ formats to streamline servicing workflows
Proactive validation
Validates transaction against existing Loan IQ deals and facilities
Transaction control
Monitor progress and highlight exceptions using dashboards to isolate exceptions for further investigation
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Finastra Loan IQ
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Finastra Loan IQ Build
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Finastra Loan IQ Nexus
Creating a connected lending ecosystem
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