The selected solution will support the bank’s commercial banking lines of business including small business, business banking, commercial banking, commercial real estate, corporate banking and private banking.
HCL said that the CapitalStream solution is an integrated software platform that enables commercial banks and finance companies to implement Straight Through Processing across lending and leasing portfolios.
First Tennessee senior vice president of business strategy and support Brad Neigel said that HCL’s CapitalStream solution allows the bank to streamline its multiple lending tools that have manual time-intensive and paper-driven processes that allow opportunities for mistakes.
"Now we’ve consolidated applications and have better information for performance reporting, and at the same time we’ve reduced the time and risks that come with manual processes," Neigel said.
HCL Technologies is provider of software-led solutions, infrastructure management and BPO services.
