05:38 AM EDT, 03/19/2025 (MT Newswires) -- International Business Machines ( IBM ) and Finastra said Wednesday they have collaborated to enhance cloud-based lending managed services.

The companies said that Finastra's lending cloud service offers comprehensive services for corporate lending, including loan IQ, trade innovation and corporate channels, supported by IBM ( IBM ) for clients in North America and Europe.

IBM ( IBM ) is providing design and implementation for lending cloud service, utilizing its generative AI platform, Watsonx, along with its IBM Consulting resources, to optimize and manage the new platform more efficiently, the companies said.