Israel Discount Bank implements Linedata Capitalstream platform
Israel Discount Bank of New York (IDBNY) has chosen Linedata’s lending and leasing solution Capitalstream.
IDBNY will use Linedata Capitalstream to manage its entire commercial lending origination process and ongoing account monitoring, implemented alongside Linedata Hosting to enable the rapid roll-out of the solution.
Louis Turano, SVP of IT, IDBNY, says by implementing both solutions, it can “achieve greater overall portfolio and pipeline transparency and improve the credit approval and loan funding processes”.
IDBNY is a New York State-chartered commercial bank and a member of the Federal Deposit Insurance Corporation (FDIC). It is headquartered in Manhattan.
Linedata has close to 1,250 employees in 20 offices across the globe. It is headquartered in France, and reported revenues of €166.8 million in 2016.