|Commercial loan software has improved credit quality monitoring|
Latest Covarity release improves on its early warning capabilities, enabling financial institutions to be more proactive in detecting risky credit situations with commercial clients
November 23, 2009
Kitchener-Waterloo, Ontario, CA - Covarity Inc., the leading commercial loan portfolio management software provider, today announced the availability of its Fall 2009 Release. Covarity customers, such as RBC Financial, HSBC Canada and BMO Financial will be using the enhanced functionality of the Covarity solution effective today.
About Covarity Inc.
Covarity is the choice of the best managed banks in the world (as cited by sources such as the World Economic Forum and Global Finance magazine) for precision commercial loan portfolio management. Covarity automates the process for collecting and analyzing borrower financial data and enables financial institutions to manage credit risk on a loan-by-loan basis. Covarity’s hosted, Web-based commercial loan monitoring solution delivers process efficiencies, value-added customer service and helps prepare financial institutions for regulatory scrutiny fast and efficiently with minimal capital outlay. Covarity is based in Kitchener, ON and was incorporated in 2001. Covarity’s customers include Royal Bank of Canada, BMO Bank of Montreal, HSBC Bank Canada, Libro Financial Group, and RBC Bank in the United States. Please see www.covarity.com for more information.
| TechTopics Plus