Finastra has launched LaserPro Evaluate, a cloud-native solution aimed at streamlining commercial loan workflows for banks and credit unions.

The new platform is targeted at institutions that still rely on manual tools such as spreadsheets or non-banking systems, as lenders face increasing pressure to meet digital-first expectations around speed, transparency and efficiency in commercial lending.

“LaserPro Evaluate is a major step forward for institutions looking to modernise their lending operations.

It’s designed to meet customers where they are, offering flexibility, efficiency, and future-ready capabilities,”

said Mitch Lucas, Vice President of Product Management for Retail Lending at Finastra.

LaserPro Evaluate is hosted on Finastra’s Total Lending platform and supports secure and scalable operations with automatic updates.

It is intended to reduce manual work in loan processing and shorten the time needed to close loans, while offering a more intuitive user experience for both staff and customers.

The solution uses modular deployment and licensing, allowing it to be deployed on its own or alongside other components within the LaserPro Lending Platform.

It enables financial institutions to analyse financial data and exchange documents securely, with the option to scale and extend its capabilities over time, including support for analytics, AI and third-party integrations.

LaserPro Evaluate forms part of Finastra’s broader LaserPro Lending Platform, which supports loan documentation, regulatory compliance, end-to-end lending processes and borrower relationship management for financial institutions.

Featured image: Edited by Fintech News Singapore, based on image by user17636940 via Freepik