British financial firm Finastra has signed three global on its -based syndicated platform, the firm officially on May 14.
-based banking institutions , Natixis, and Societe Generale have officially joined Finastra’s syndicated lending platform Fusion LenderComm, following previous back in 2017.
Based on consortium R3’s open source platform Corda Enterprise, Finastra’s Fusion LenderComm reportedly enables banks to instantly share credit agreements, accrual balances and position data to lenders.
Cécile Bartenieff, Chief Operating Officer of Global Banking and Investor Solutions at Societe Generale, stated that the Fusion LenderComm initiative will bring more transparency and operational efficiency to the syndicated loan market, which is “an illustration of how can help banks optimize the entire flow of financial operations.”
In October 2018, -based bank NatWest the Fusion LenderComm platform.
Earlier today, popular Brazlian bank Banco Bradesco R3’s Marco Polo network for trade finance. Other member organizations include BNP Paribas, ING and the Sumitomo Mitsui Banking Corporation.
Recently, Nordic private banking institution Nordea an expansion of its -powered platform we.trade to small and medium-sized business (SMEs). The platform intends to bring more trust in dealing with cross-border trades by SMEs.
Published at Wed, 15 May 2019 04:13:16 +0000
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