Source: https://tendernation.io/opportunities/01a13b90-4cc5-718b-911d-98e1126c5c7c/lending-administration-solution

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# Lending Administration Solution

[UK Shared Business Services Limited](https://tendernation.io/buyers/uk-shared-business-services-limited)

Estimated value

Not stated

Published

22 Apr 2022

Deadline

Rolling deadline

## Who can bid

- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

## About this tender

A loan system &amp; 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 interest

o 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 &amp; capital repayments based on actual and forecast drawdowns

o Produce automated reports for IUKL for different needs i.e. daily, weekly, quarterly and Adhoc

o A portal where a customer can check their loan balance, ask questions or make early repayments

o 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 should have little burden to the end customer (company director) but should be robust enough to comply with the highest level of diligence for this activity.
- This solution could potentially be cloud-based
- A suitable level of security certification will be required i.e cyber essentials, ISO27001 - this will be determined at a later date

Read full description

## CPV classification

Software package and information systemsIndustry specific software packageMiscellaneous software package and computer systems

Source

Find a Tender (UK) · Notice ocds-h6vhtk-032f7f-2022-04-22T12:25:19+01:00

[View official notice ](https://www.find-tender.service.gov.uk/Notice/ocds-h6vhtk-032f7f-2022-04-22T12:25:19+01:00)

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