Business Reporter: Syndicated credit becomes more efficient and less risky

How HUBX’s integrated solution can digitize the entire value chain

LONDON, UNITED KINGDOM, November 24, 2021 / – In a video posted to Business Reporter, HUBX co-founders Axel Coustere and Stephen Ong explain how an integrated solution from HUBX and Finastra can provide a digital alternative to existing loan syndication systems, where around 85% of processes are manual and appear in emails and spreadsheets.

The benefits of an end-to-end syndicated loan solution are numerous. Each customer has their own platform, so they can manage all their transactions, data and network securely. Live information with real-time correspondence reduces distribution risk, while leveraging technology to scale the business at no additional cost. By taking a platform approach, all stakeholders are connected, making communication and interaction transparent. Borrowers can manage their loan financing and multiple lenders and banks from one place. Arrangers can manage all of their transactions in parallel, understand transaction progress in real time, while securely sharing information with lenders and building the book.

HUBX streamlines syndication processes and workflows to accelerate the closing of a transaction. The recent partnership and integration between HUBX’s front office solution and Finastra’s Fusion Loan IQ back office solution enables banks to benefit from true end-to-end processing, throughout the process. HUBX also offers complete flexibility to integrate into any system through multiple APIs, including integrations with transaction origination, KYC and asset management systems.

Stephen Ong expects that over the next decade we will see the complete digitization of loan syndication, where loans will become digital assets with commitments managed by smart contracts.

To learn more about digital loan syndication platforms,see the video.

•• About Business Reporter ••

Business Reporter is an award-winning supplement published in the Sunday and Daily Telegraph, City AM and online, providing information and analysis on issues affecting business to a global audience. It also hosts conferences, debates, breakfasts and exclusive summits.

•• About HUBX ••

HUBX is transforming the distribution of private placement and loan syndication agreements for banks and exchanges by connecting to core systems to deliver dynamic data insights and a richer customer experience.

The HUBX platform is reinventing loan syndication business for banks and lenders and setting a new standard for the market.

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