NY-QUADRAGEN
29.7.2021 16:02:04 CEST | Business Wire | Press release
QuadraGen announces the launch of its next generation commercial loan servicing SaaS platform to help financial institutions transform their complex loan processing capabilities. The QuadraGen Platform supports various areas of loan operations, enabling more efficient and effective processing of loan information, risk management, and decision-making.
The QuadraGen SaaS platform consists of a suite of independently deployable microservices that augment existing technology, filling in gaps where processes and functions are not well executed, or replacing legacy capabilities with its next generation software. QuadraGen’s key differentiator is its team of experts, who have decades of commercial lending experience understanding and solving complex loan operation issues.
Financial institutions are challenged by the size, complexity, number of participants, and speed of the loan markets. Many institutions use in-house or legacy systems that are inadequate for today’s ever-growing needs. QuadraGen has already developed capabilities enabling clients to successfully address operational challenges and ensure future growth.
QuadraGen is a newly-formed affiliate of The Lending Practice , a specialized lending consulting company, providing clients advisory capabilities across all segments of the lending lifecycle for any type of commercial loan from C&I to CRE, ABL to SBA. Certain executives of The Lending Practice are also executives of QuadraGen.
Joining the QuadraGen team is Edward Ho, who holds 20+ years of leadership experience in Fintech and IT Services at both public and private equity owned companies. He was most recently EVP and General Manager at DXC Technology, a large, global IT services provider. He is the former President – Global Transaction Solutions of D+H Corporation, President & Chief Operating Officer of Fundtech Corporation, EVP and General Manager of Misys plc, and CEO & President of IQ Financial Systems. He is currently a board member of TLG Acquisition One Corporation, an NYSE-listed Special Purpose Acquisition Company. He has previously served on the boards of several Fintech software companies.
“I feel very privileged to take on this role with a team of world-class experts in the commercial lending field. QuadraGen will seek to fill the many voids that financial institutions are experiencing in their operations with its next generation platform and services. This is an exciting time for the company, and QuadraGen is addressing the rapidly changing needs of financial institutions thoughtfully and innovatively,” said Ho.
“This is an opportunity to develop and bring best-in-class commercial lending software to market, and to help our clients optimize their commercial loan systems. We are thrilled to have Ed join us in this new venture, and we are excited to have him guide the company through the next stage of growth and development,” said Paul Spiteri, Founder and CEO of The Lending Practice, and CEO of QuadraGen.
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