Case Study
How Finastra is harnessing R3’s Corda Enterprise blockchain to open up a new business line and transform transparency in the syndicated loan market
How Finastra is harnessing R3’s Corda Enterprise blockchain to open up a new business line and transform transparency in the syndicated loan market
Case Study How Finastra is harnessing R3’s Corda Enterprise blockchain to open up a new business line and transform transparency and efficiency in the syndicated loan marketIf any area of the global financial markets is in urgent need of transformation through technology, it’s the syndicated loan market. The market consists of large loans—often amounting to billions of dollars —offered by a group of lenders to a single borrower, usually a large corporation. But, if that overview of the market sounds relatively straightforward, it masks a world of bewildering complexity. Why? The main reason is the use of archaic, labor-intensive manual technologies, such as fax, email and telephone, as the means of communication and information exchange between the thousands of stakeholders i