HSBC Bank Canada automates loans process with Covarity tool

Kitchener, Ont.-based commercial loan management software provider Covarity Inc. announced Thursday a partnership with HSBC Bank Canada to automate the set-up and ongoing management of margin-based commercial loans.

The hosted system, to be deployed in the fall of 2008, will replace traditionally labour-intensive manual processes. Post-deployment, the bank should be able to augment risk management controls and ensure compliance by automating the collection and management of key loan documents.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now