Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 15 May 2017, 13:48 HKT/SGT
Share:
    

Source: Fujitsu Ltd
Fujitsu Starts Sales of Cloud-based Lending and Leasing Services from Cloud Lending Solutions
Service adopted by subsidiary of Yayoi, Japan's largest accounting software company, to rapidly set up a proprietary online lending business

TOKYO, May 15, 2017 - (JCN Newswire) - Fujitsu today announced it is commencing sales in Japan of cloud-based solutions for lending and leasing businesses. Developed by US-based Cloud Lending Solutions and known as the CL Series, the solutions will be deployed and operated as Software as a Service (SaaS) with the support and operations services of Fujitsu technicians with expertise in financial systems. This is the first time services from Cloud Lending Solutions will be available in Japan.

Using these solutions, customers can now set up SaaS-based systems quickly, and at low cost, for a suite of business processes related to lending and leasing businesses.

ALT Corporation, a subsidiary of Yayoi Co., Ltd., Japan's largest accounting software company, has decided to become the first Japanese customer for these solutions. ALT is using these solutions to set up a unique online lending business, with plans to begin trial lending in October 2017.

Going forward, Fujitsu plans to expand these solutions sequentially, first to the Asia-Pacific region, and then around the world.

These solutions will be exhibited at Fujitsu Forum 2017, to be held at the Tokyo International Forum (Chiyoda-ku, Tokyo) on May 18-19.

Background

With the goal of offering solutions to transform business using Fintech to customers at financial institutions around the world, on July 12, 2016, Fujitsu signed a Memorandum of Understanding (MOU) with Cloud Lending Solutions for a strategic partnership. Continuing the partnership on the basis of this MOU, Fujitsu has now signed a contract with Cloud Lending Solutions to become its first sales agent in Japan. Fujitsu will from today offer solutions that combine Cloud Lending's CL Series SaaS, which digitize a suite of business processes for lending and leasing businesses, from applications to reviews, contracts, and collections, with broad support from deployment to operations from Fujitsu's technicians, who offer thorough experience and a rich track record in building financial systems, and in support and service.

Features of These Solutions

The CL Series is a set of cutting-edge cloud services offered as SaaS, which digitize a suite of business processes for lending and leasing businesses, from applications to reviews, contracts and collections.

Offerings include CL Originate, which automatically reviews the information submitted by the applicant based on a pre-set scoring model(1), and manages the process until the contract is closed based on that review, CL Loan, which manages the status of claims and collections for the loan amount and the progress of the contract for each applicant based on the type of contract, CL Lease, and CL Collections, which manages overdue situations for credit collections. The series consists of five modules in total, also including CL Marketplace, supporting crowd financing, in which capital gathered from recruited investors is lent out, and collected capital is returned to investors. Customers can select the number of licenses needed for the necessary modules.

Using its experience with financial operations and abundant track record of building financial systems over many years, Fujitsu is offering the CL Series in combination with total support, including operations and deployment support suited to the customer's system environment. This makes it possible to rapidly migrate traditional systems for lending and leasing businesses, built in an on-premises environment, to cutting-edge cloud systems. Moreover, even customers who are entering the lending or leasing business for the first time using Fintech can set up high-quality business systems in a short time and at low cost.

http://www.acnnewswire.com/topimg/Low_FujitsuCLDiagram.jpg
Figure 1: Diagram of the CL Series

Future Plans

Continuing on from this expansion into Japan, Fujitsu will localize these solutions according to the languages and laws of various countries, expanding these solutions first to customers in the Asia-Pacific region, and thereafter sequentially expanding availability around the globe.

Pricing and Availability
http://www.acnnewswire.com/topimg/Low_FujitsuCLPricing.jpg

(1) Scoring model
A model that quantifies level of trust and likelihood of repayment based on financial information about the applicant.


About Fujitsu Ltd

Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 155,000 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 (TSE: 6702) reported consolidated revenues of 4.5 trillion yen (US$40 billion) for the fiscal year ended March 31, 2017. For more information, please see http://www.fujitsu.com.

* Please see this press release, with images, at:
http://www.fujitsu.com/global/about/resources/news/press-releases/

Contact:
Fujitsu Limited
Public and Investor Relations
Tel: +81-3-3215-5259
URL: www.fujitsu.com/global/news/contacts/


May 15, 2017 13:48 HKT/SGT
Source: Fujitsu Ltd

Fujitsu Ltd (TSE: 6702)

Topic: Press release summary
Sectors: Enterprise IT
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Multimedia
Figure 1: Diagram of the CL Series
View Image
 
Pricing and Availability
View Image
 
Fujitsu Ltd Links

http://www.fujitsu.com

https://www.facebook.com/FujitsuJapan

https://www.youtube.com/user/FujitsuOfficial

Fujitsu Ltd
Aug 10, 2017 10:26 HKT/SGT
Fujitsu Aims for Renewable Energy Usage of at Least 6% by Fiscal 2018
Aug 8, 2017 10:30 HKT/SGT
Fujitsu Releases 30 New Enterprise PC, Workstation, and Tablet Models
Aug 1, 2017 10:50 HKT/SGT
Fujitsu Formulates its "Fujitsu Group Health Statement"
July 31, 2017 11:08 HKT/SGT
Fujitsu Speeds Up Transaction Processing on the Blockchain
July 27, 2017 14:15 HKT/SGT
Fujitsu Reports Fiscal 2017 First-Quarter Results
July 26, 2017 22:00 HKT/SGT
Fujitsu Signs Strategic MoU with Telekomunikasi Indonesia
July 24, 2017 13:06 HKT/SGT
Fujitsu Achieves World's Highest Output Density with Power Amplifier for W-Band GaN Transmitters
July 19, 2017 12:26 HKT/SGT
Fujitsu Links its Cyber Threat Intelligence System to the US Department of Homeland Security's AIS CTI Sharing System
July 12, 2017 11:31 HKT/SGT
Fujitsu Estimates Workers' Heat Stress Levels with New AI-Based Algorithm
July 7, 2017 10:39 HKT/SGT
Fujitsu Launches iCAD SX V7L6, Featuring Enhanced Functionality for Compiling and Using Design Information
More news >>
 News Alerts
Copyright © 2017 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 5791 1818

Connect With us: