India-based Cloud Lending Solutions has signed a MoU with Fujitsu to provide banks and financial services organisations with a cloud-based, end-to-end lending and leasing platform.

The Memorandum of Understanding (MoU) details a strategic partnership that will promote a cloud-based platform developed by Cloud Lending Solutions to help traditional lenders move across to new solutions that operate using the latest cloud technology.

Fujitsu Corporate Executive Officer, EVP, Vice Head of Global Services Integration Business, Hideki Kiwaki, said that the partnership would help financial organisations utilise new technology to reach the market place quicker and more effectively.

“This is an important strategic initiative…aimed at developing new customers and new solutions,” he said.

“It will enable rapid and flexible delivery of financial technology solutions that will eliminate the department silos slowing lenders down.”

Fujitsu and Cloud Lending Solutions will deliver fintech solutions to existing enterprise customers and businesses looking to expand their product portfolio and engage in go-to-market collaboration, specifically focussing on Japan and the ASEAN markets to begin with.

“Financial organisations will be able to get to the market quickly with secure digital products that will appeal to today’s demanding borrowers,” said Kiwaki.

This collaboration showcases Fujitsu’s open innovation by bringing collaborative best-of-breed solutions to Financial Services customers around the world.”