Finastra, a global leader in financial services software, announced that the Japan International Cooperation Agency (JICA) has gone live with its Loan IQ platform. The deployment marks the first implementation of Loan IQ in Japan.

The project, delivered in partnership with IBM Japan, modernizes JICA’s private-sector investment finance system. The platform will help manage scalable, flexible, and globally compliant lending.

With Loan IQ, JICA gains end-to-end management of international loan transactions. It supports loans in yen, U.S. dollars, euros, and other currencies. Moreover, it strengthens operational efficiency, accuracy, and readiness for future financial expansion.

TAKETSURU Eiko, Director of Information System Division 2 at JICA, said the transformation will enhance JICA’s capacity. He noted it will mobilize private capital for development and support diverse financial structures.

Expanding Private-Sector Investment Finance

JICA, Japan’s primary agency for Official Development Assistance, funds infrastructure and social projects worldwide. As demand for private-sector investment finance grows, the agency requires a robust and adaptable platform aligned with global standards.

Finastra’s Loan IQ solution covers the entire lending lifecycle. It manages setup, approvals, disbursement, interest, fees, and repayments. Financial institutions worldwide use Loan IQ to streamline loan operations.

Andrew Bateman, EVP for Lending at Finastra, said, “JICA plays a vital role in sustainable development across emerging markets. We are proud that Loan IQ now supports JICA’s private-sector lending.”

IBM Japan provided system development, data migration, training, and support. Its expertise in finance technology ensured a successful rollout of the new system.

Key benefits of the deployment include:

  • Streamlined operations: Unified loan lifecycle management reduces manual processes.
  • Flexible design: The system adapts to diverse loan structures and shifting market needs.
  • Global compliance: It ensures scalability and alignment with international standards.

This successful implementation enhances Finastra’s presence in the Asia-Pacific region. It also positions the company as a trusted partner for development finance institutions worldwide.

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News Source: Prnewswire.com