Linedata released the latest version of Capitalstream, a commercial loan origination and risk management solution. The update included new features to address evolving business needs and improve the user experience.

A new module, Sales Accelerator, is a mobile application empowering relationship managers, branch personnel and sales representatives to manage day-to-day tasks and access key client information from any device. It will enable front office personnel to leverage data from Capitalstream to increase sales and revenues while managing risk.

The new Capitalstream also contains new commercial real estate capabilities to capture sources and uses of funds, with the ability to assign conditions to each disbursement. These features provide financial institutions with details of cash inflows while mitigating risks relating to cash outflows. The ability to upload multiple customer files to multiple locations simultaneously from a single screen has also been added to increase operational efficiency.

Additional changes also included:

• Enhanced integration to consumer credit repositories, facilitating the entry of security PINs to address consumer privacy concerns and deter fraud
• Support for the upcoming Current Expected Credit Loss (CECL) accounting standard
• Integration with Ambit Optimist, an industry financial statement spreading solution from Fidelity National Information Services to help financial institutions make better credit decisions while managing risk

“These latest updates are part of our continued drive to ensure Linedata solutions offer the best of operational efficiency and user experience. With more regulatory change ahead, and ever-increasing pressure to manage risk, our clients must have the right systems in place to ensure they can readily access the information they need to make informed business decisions,” said Jamil Jiva, Linedata executive vice president, head of Lending & Leasing North America.