NEW YORK–(BUSINESS WIRING) – QuadraGen is announcing the launch of its next-generation SaaS commercial credit service platform to help financial institutions transform their end-to-end credit processing capabilities. The QuadraGen platform supports multiple areas of lending to enable more efficient and effective credit processing, risk management and decision making.
The QuadraGen SaaS Platform consists of a set of independently deployable microservices that complement existing technologies, fill gaps in processes and functions, or replace legacy capabilities with next-generation software. QuadraGen’s key differentiator is its team of experts who have years of experience in commercial lending, understanding and solving complex lending issues.
Financial institutions face challenges due to the size, complexity, number of participants and the speed of the credit markets. Many institutions use their own or legacy systems that do not meet the ever-growing needs of today. QuadraGen has already developed capabilities to enable customers to successfully meet operational challenges and drive future growth.
QuadraGen is a newly formed subsidiary of Credit practice, a specialized lending consulting company providing clients with advisory services on all segments of the lending life cycle for any type of commercial loan from C&I to CRE, from ABL to SBA. Some of The Lending Practice leaders are also QuadraGen leaders.
The QuadraGen team is joined by Edward Ho, who has over 20 years of experience in leading financial technology and IT services for public and private companies. Most recently, he was executive vice president and CEO of DXC Technology, a major global IT service provider. He is former President – Global Transaction Solutions of D + H Corporation, President and Chief Operating Officer of Fundtech Corporation, Executive Vice President and Chief Executive Officer of Misys plc, and Chief Executive Officer and President of IQ Financial Systems. He currently serves on the board of directors of TLG Acquisition One Corporation, a special purpose acquisition company listed on the NYSE. He previously served on the boards of directors of several Fintech software companies.
“I am honored to take on this role with a team of world-class commercial lending experts. QuadraGen will strive to fill the many gaps that financial institutions face in their operations with next generation platform and services. This is an exciting time for the company and QuadraGen is thoughtfully and innovatively meeting the rapidly changing needs of financial institutions, ”Ho said.
“This is an opportunity to develop and market best-in-class commercial lending software and help our clients optimize their commercial lending systems. We are thrilled that Ed has joined us in this new venture and we are thrilled that he will lead the company through the next phase of growth and development, ”said Paul Spiteri, Founder and CEO of The Lending Practice and CEO of QuadraGen.