OREANDA-NEWS. Fujitsu Limited and Cloud Lending Solutions today announced that they have signed a Memorandum of Understanding (MoU) agreeing to a strategic partnership to provide banks and other financial services organizations around the world the cloud-based, end-to-end lending and leasing platform - a fintech solution - developed by Cloud Lending Solutions.

The partners will deliver leading-edge fintech solutions to existing Salesforce.com enterprise customers and businesses looking to expand their product portfolio or geographic footprint. The two companies will also engage in go-to-market collaboration to support global customers, initially starting with the Japanese and ASEAN markets. Additionally, the two companies will strengthen their strategic partnership in the United States by collaborating with Fujitsu Laboratories of America, Inc.

This solution is a cutting-edge cloud service that digitizes origination, underwriting, servicing, and collections, creating a single system of record for lending and leasing operations. The offerings are expected to help traditional lenders upgrade to new solutions leveraging the latest cloud technology. Included in the solution are CL Originate™, CL Lease™, CL Loan™, and CL Collections™, all of which will run on the Salesforce Force.com platform, and are to be introduced to both large and small businesses.

Moving forward, together with Fujitsu Laboratories of America, Fujitsu will contribute to the solution with its finance-related business knowledge and system-construction know-how, and also support by localizing the solution with customers' existing systems.

Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 156,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the fiscal year ended March 31, 2016.

Cloud Lending Solutions is a financial services technology company offering a cloud-based, end-to-end lending platform delivering innovation to the global lending community. Unlike legacy technology platforms that are expensive to maintain and prevent agile response to market conditions, Cloud Lending Solutions’ clients take back control of their business by quickly implementing, extending, and digitizing the entire lending lifecycle. Cloud Lending Solutions’ single system of record is the market leading cloud solution supporting both consumer and commercial lending that scales for the needs of lenders of all sizes. Clients include banks, traditional finance companies, online lenders, and marketplace platforms.