TOKYO, May 15, 2017 – (JCN
Newswire) – Fujitsu today announced it is commencing sales in Japan of
cloud-based solutions for lending and leasing businesses. Developed by US-based
Cloud Lending Solutions and known as the CL Series, the solutions will be deployed
and operated as Software as a Service (SaaS) with the support and operations
services of Fujitsu technicians with expertise in financial systems. This is
the first time services from Cloud Lending Solutions will be available in Japan.



Using these solutions, customers can now set up SaaS-based
systems quickly, and at low cost, for a suite of business processes related to
lending and leasing businesses.



ALT Corporation, a subsidiary of Yayoi Co., Ltd., Japan’s
largest accounting software company, has decided to become the first Japanese
customer for these solutions. ALT is using these solutions to set up a unique
online lending business, with plans to begin trial lending in October 2017.



Going forward, Fujitsu plans to expand these solutions
sequentially, first to the Asia-Pacific region, and then around the world.



These solutions will be exhibited at Fujitsu Forum 2017, to
be held at the Tokyo International Forum (Chiyoda-ku, Tokyo) on May 18-19.



Background



With the goal of offering solutions to transform business
using Fintech to customers at financial institutions around the world, on July
12, 2016, Fujitsu signed a Memorandum of Understanding (MOU) with Cloud Lending
Solutions for a strategic partnership. Continuing the partnership on the basis
of this MOU, Fujitsu has now signed a contract with Cloud Lending Solutions to
become its first sales agent in Japan. Fujitsu will from today offer solutions
that combine Cloud Lending’s CL Series SaaS, which digitize a suite of business
processes for lending and leasing businesses, from applications to reviews,
contracts, and collections, with broad support from deployment to operations
from Fujitsu’s technicians, who offer thorough experience and a rich track
record in building financial systems, and in support and service.



Features of These Solutions



The CL Series is a set of cutting-edge cloud services offered
as SaaS, which digitize a suite of business processes for lending and leasing
businesses, from applications to reviews, contracts and collections.



Offerings include CL Originate, which automatically reviews
the information submitted by the applicant based on a pre-set scoring model(1),
and manages the process until the contract is closed based on that review, CL
Loan, which manages the status of claims and collections for the loan amount
and the progress of the contract for each applicant based on the type of
contract, CL Lease, and CL Collections, which manages overdue situations for
credit collections. The series consists of five modules in total, also
including CL Marketplace, supporting crowd financing, in which capital gathered
from recruited investors is lent out, and collected capital is returned to
investors. Customers can select the number of licenses needed for the necessary
modules.



Using its experience with financial operations and abundant
track record of building financial systems over many years, Fujitsu is offering
the CL Series in combination with total support, including operations and
deployment support suited to the customer’s system environment. This makes it
possible to rapidly migrate traditional systems for lending and leasing
businesses, built in an on-premises environment, to cutting-edge cloud systems.
Moreover, even customers who are entering the lending or leasing business for
the first time using Fintech can set up high-quality business systems in a
short time and at low cost.

Figure 1: Diagram of the CL Series



Future Plans



Continuing on from this expansion into Japan, Fujitsu will
localize these solutions according to the languages and laws of various
countries, expanding these solutions first to customers in the Asia-Pacific
region, and thereafter sequentially expanding availability around the globe.



Pricing and Availability



(1) Scoring model

A model that quantifies level of trust and likelihood of
repayment based on financial information about the applicant.



About Fujitsu Ltd



Fujitsu is the leading Japanese information and communication
technology (ICT) company, offering a full range of technology products,
solutions, and services. Approximately 159,000 Fujitsu people support customers
in more than 100 countries. We use our experience and the power of ICT to shape
the future of society with our customers. Fujitsu Limited (TSE:6702; ADR:FJTSY)
reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the
fiscal year ended March 31, 2016. For more information, please see http://www.fujitsu.com.