Lending Administration Solution Tender, United Kingdom - 65718961

Procurement Summary

Country : United Kingdom

Summary : Lending Administration Solution

Deadline : 06 May 2022

Other Information

Notice Type : Tender

TOT Ref.No.: 65718961

Document Ref. No. : DDaT22231

Competition : ICB

Financier : Self Financed

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

Title : Lending Administration Solution

Location Of Contract : South West

Industry : Software package and information systems - 48000000

Description : *****This is a call for early market engagement/supplier engagement day******Innovate UK and UKRI are looking to hold a supplier engagement day in order to explore the best options available to it's loan's business/Innovate UK Loans Limited (IUKL).A loan system & administration solution is required whereby one supplier could potentially cover some or all of the below processes:-- A loan management system that is able to:o Pay a loan in quarterly installments (Drawdown)o Handle different interest rates, interest holidays, deferred interesto Handle drawdowns (installments) that do not happen on the same date each quarter and variable terms of contracts. o Produce automated customer communications including statements of account, arrears letters etc.o Forecast interest & capital repayments based on actual and forecast drawdownso Produce automated reports for IUKL for different needs i.e. daily, weekly, quarterly and Adhoco A portal where a customer can check their loan balance, ask questions or make early repaymentso The system must be API enabled to allow connection to IUKL's existing systems.- Know Your Customer (KYC), Anti-Money Laundering (AML) capability to run checks on directors of UK based businesses, with some directors potentially being based outside of the UK. These checks shou...

Documents

 Tender Notice