The National Bank of Abu Dhabi will deploy Misys' commercial lending solution, Misys Loan IQ, for its loan operations.

Loan IQ should help NBAD to streamline workflows, increase loan processing efficiencies and reduce turnaround time.

"We intend to improve efficiency and customer service provided to corporates and financial institutions that participate in NBAD's syndicated lending." said Nigel Carrington, NBAD's divisional manager of operations. "Misys Loan IQ will be a key factor in realising this goal."

Misys Loan IQ covers origination, agency servicing, loan trading, accounting, portfolio management, treasury, collateral management, total return swaps, bilateral lending, and reporting. The multi-currency and multi-branch capable platform provides coverage for bilateral loans and highly structured syndicated deals. Misys claims that Loan IQ users have reported cost savings of up to 20% through systems consolidation and reduced headcount.