HCL Technologies and iLumen today announced a strategic relationship to power CapitalStream, HCLs business and commercial lending system, using iLumen technology. The combined offering will extend Capital Streams Straight Thru Processing solution to allow a banks customers to send financial statements, information and documents through a secure electronic portal thereby improving customer data and relationship management while also lowering costs and enhancing portfolio management. The partnership will include both technical product integrations and co-marketing arrangements.

iLumen provides enabling technology for commercial banks to connect, consolidate and standardize both internal bank data and customer-submitted data into a common data model and repository for credit, risk, and relationship management. HCLs CapitalStream solution is a complete software platform for business and commercial lending that automates sales, origination, credit, due diligence, documentation, and portfolio management. Integrating CapitalStream with iLumens technology extends the automated life-cycle of commercial relationships all the way to the ultimate source of credit information, the desktop of each individual borrower.

The company made this announcement after the trading hours on 04 November 2009.