Ontario’s largest credit union has selected Linedata’s Capitalstream automation solution to manage certain processes.
Meridian has mandated the solution to manage small business and commercial origination processes and to provide ongoing account monitoring. It has also adopted LineData Hosting to roll out the solution.
The Canadian credit union has more than 250,000 members. The Linedata solution is intended to be a cost-effective way of creating a common platform, and to streamline application and approval processes.
Shawn Clifford, vice president of commercial services at Meridian, said: “By implementing Linedata Capitalstream and Linedata Hosting, we can easily scale without worrying about operational or infrastructure upgrades as we onboard new users.”
“The flexibility and scalability of the platform mean that we are confident of Linedata’s ability to continue to support us as we further expand Meridian’s member base.”
Jamil Jiva, senior director of client success for Linedata lending and leasing in North America, said: “We are very excited to embark on this project with Meridian. Over the last few months, we have developed a partnership between our teams that demonstrates our collective commitment, expertise and passion to serve our clients and the industry.”
He added: “This partnership with Meridian adds to our already extensive list of clients in Canada and shows once again that our offering meets the geographical, regulatory and organisational challenges faced by lending and leasing firms globally.”
