By Jeannine Amodeo
Originally posted on Bloomberg Terminal
JPMorgan has achieved straight-through processing for loans on Versana’s centralized digital data platform, a first for the syndicated loan market, according to a statement.
- Versana’s technology allows market participants to access loan and lender data in real time from agent bank systems
- The company, which launched late 2022, has more than 3,600 syndicated loan facilities on its platform, including revolvers and Term Loan A and B products, totaling $2.1 trillion in commitments
