NEW YORK–(COMMERCIAL THREAD) – QuadraGen announces the launch of its next-generation commercial loan management SaaS platform to help financial institutions transform their complex loan processing capabilities. The QuadraGen platform supports various areas of lending operations, enabling more efficient and effective processing of loan information, risk management and decision making.
The QuadraGen SaaS platform consists of a suite of independently deployable microservices that augment existing technology, filling gaps where processes and functions are not performed well, or replacing legacy capabilities with its next-generation software. QuadraGen’s key differentiator is its team of experts, who have decades of experience in the commercial lending arena to understand and solve the complex problems associated with lending operations.
Financial institutions face the size, complexity, number of participants and speed of loan markets. Many institutions use internal or legacy systems that are inadequate for today’s growing needs. QuadraGen has already developed capabilities that enable customers to successfully meet operational challenges and ensure future growth.
QuadraGen is a newly formed subsidiary of The Lending Practice, a specialist loan consultancy firm, providing advisory capabilities to clients in all segments of the loan lifecycle for any type of commercial loan from C&I to CRE, ABL to SBA . Certain officers of The Lending Practice are also officers of QuadraGen.
Edward Ho joins the QuadraGen team, which has over 20 years of leadership experience in financial and IT services in public and private companies. Most recently, he was Executive Vice President and General Manager of DXC Technology, a leading global provider of IT services. He is the former President – Global Transactions Solutions of D + H Corporation, President and COO of Fundtech Corporation, Executive Vice President and General Manager of Misys plc, and CEO and President of IQ Financial Systems . He is currently a member of the board of directors of TLG Acquisition One Corporation, a special purpose acquisition company listed on the NYSE. He previously served on the board of directors of several Fintech software companies.
“I feel very privileged to take on this role with a team of world-class experts in the area of commercial lending. QuadraGen will seek to fill the many gaps that financial institutions face in their operations with its next-generation platform and services. It is an exciting time for the company, and QuadraGen is responding to the rapidly evolving needs of financial institutions in thoughtful and innovative ways, ”said Ho.
“This is an opportunity to develop and market the best business lending software and to help our clients optimize their business lending systems. We are delighted that Ed is joining us in this new venture, and we are delighted that he is leading the company through the next stage of growth and development, ”said Paul Spiteri, Founder and CEO of The Lending Practice and CEO of QuadraGen.