Finastra, a global leader in financial services software, has launched LaserPro Evaluate, a modern, cloud-native solution designed to streamline commercial loan workflows for banks and credit unions. Built to support institutions currently relying on non-banking solutions or manual tools such as spreadsheets, LaserPro Evaluate reimagines the origination and processing experience for today's digital-first lending environment.
Modernising Lending Operations
According to PR Newswire, the solution replaces manual spreadsheets and legacy systems with a comprehensive platform that accelerates commercial loan processing. Mitch Lucas, VP of Product Management for Retail Lending at Finastra, stated: "LaserPro Evaluate is a major step forward for institutions looking to modernize their lending operations. It's designed to meet customers where they are, offering flexibility, efficiency, and future-ready capabilities."
Key Capabilities
The platform delivers several critical benefits for financial institutions. It streamlines loan workflows, reducing manual effort and accelerating time-to-close, which improves both customer and employee experiences. The cloud-native architecture, hosted on Finastra's Total Lending platform, enables secure, scalable operations with automatic updates.
IBSi Intelligence reports that the solution provides a modern user experience with intuitive and frictionless workflows, leading to increased productivity and satisfaction. The platform is purpose-built for flexibility and growth, with support for AI, analytics, and third-party integrations, enabling financial institutions to stay ahead of industry trends.
Modular and Scalable Design
With modular deployment and licensing, LaserPro Evaluate works independently or alongside other LaserPro Lending Platform components to analyze financials and securely exchange documents, giving financial institutions the flexibility to scale as needed.
Craig Focardi, Principal Analyst at Celent, commented: "As banks and credit unions race to meet digital-first expectations, cloud-native origination and processing platforms have become essential for streamlining complex workflows, reducing operational risk, and delivering faster, more transparent lending experiences. Secure document automated financial analysis and secure document exchange improve decisioning speed and accuracy, which improves customer satisfaction and the lender's bottom line."
LaserPro Evaluate forms an important piece of the LaserPro Lending Platform, an industry-leading solution that empowers financial institutions to efficiently manage loan documentation, ensure regulatory compliance, streamline end-to-end lending workflows, and strengthen borrower relationship management.