HCL and iLumen announce strategic relationship

Thu. November 05, 2009; Posted: 09:59 AM

Nov 05, 2009 (Datamonitor via COMTEX) -- HCLTF | Quote | Chart | News | PowerRating -- Indian IT services company HCL Technologies and iLumen, a US-based software solutions provider, have announced a strategic relationship to power CapitalStream, HCL's business and commercial lending system, using iLumen technology.

HCL Technologies said that the combined offering will extend CapitalStream'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.

The partnership will include both technical product integrations and co-marketing arrangements, the company added.

Michael Canzian, president and COO of iLumen, said: "Enabling our platform behind CapitalStream and the broader HCL network is valuable for both parties. CapitalStream has the opportunity to leverage our self-serve customer portal and our centralized data platform to become the true leader in Straight Through Processing and end-to-end solutions.

"Conversely, iLumen further expands its network of banks that depend on iLumen technology to connect disparate systems and consolidate customer data into a desktop view for both credit risk managers and relationship managers."

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