The global services company EDS and the credit-solution enabler, Primestreet announced on Friday 12 January 2001 a comprehensive agreement to distribute a real-time credit system for lending institutions. It is hoped that the system will facilitate the processing of credit applications from the USA’s 23 million plus small businesses.
Primestreet is to provide the web-based lending system and EDS will sell, deliver and integrate Primestreet’s technology to enable real-time online lending for large financial institutions.
Together the companies will be able to offer a fully integrated end-to-end credit application that will leverage the technology and consulting services, enabling EDS and Primestreet to provide a higher level of service to this underdeveloped market.
