Case Study: LendingTools.com achieves streamlined management of 1,100+ file transfer tasks and stronger security with Progress MOVEit

Lending Tools Streamlines Over 1,100 File Transfer Tasks with MOVEit

LendingTools (LT) is a SaaS provider handling transaction and settlement services for roughly 75% of U.S. correspondent banks, processing files representing billions in inter‑bank transactions each day. Facing a patchwork of insecure FTP products and in‑house scripts, LT needed a secure, auditable, and scalable file‑transfer solution to support hundreds of banks and meet strict regulatory requirements.

LT deployed MOVEit File Transfer and MOVEit Central to consolidate and automate file movements across IBM mainframes, Windows and Unix systems. The centralized console now manages and schedules over 1,100 transfer tasks, improves real‑time support visibility, produces customer‑specific reports, and provides audit trails for compliance (e.g., SSAE16). The result: greater security, reliability (load‑balanced and failover configurations with resume capabilities), measurable time and cost savings, and a solution LT has recommended to customers.

LendingTools.com

Matt Pankratz

Senior Systems Administrator