HCL Technologies’ CapitalStream STP Solution Chosen By Boston Private Bank (17-Aug-2010)
HCL Technologies’ CapitalStream 'Straight Through Processing' (STP) solution has been successfully implemented by Boston Private Bank and Trust Company. The solution was selected by the Boston Private Bank for its proven track record of success along and ability to automate and integrate into existing systems and functions throughout the lending process, providing faster and easier access to information.
CapitalStream is an integrated software platform enabling commercial banks and finance companies to implement 'Straight Through Processing' across lending and leasing portfolios. It is a core component of HCL FinanceSolution(TM), a suite of software platforms, best practice methodologies and business transformation services specifically designed for lending and leasing including specialized configurations of enterprise solutions for CRM, content management, business intelligence and more.
Boston Private Bank implemented the CapitalStream 'Best Practice Model,' which incorporates standard business processes required to support front office operations. The project began last September with three core members of the implementation team - a project manager, a credit administrator and an executive sponsor.
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