Capital raising solution developer HUBX has teamed up with Finastra to help corporate lenders during the loan syndication process by reducing manual workloads.
The deal will see HUBX Arranger, a digital front-office solution, integrated with Finastra’s back-office loan software Fusion Loan IQ. This will create an end-to-end offering that boosts efficiency and leverages data insights and automation to improve customer experiences.
HUBX claims that pressures on capital allocation caused by regulations, such as Basel III and IFRS 9, and squeeze on profit margins have caused financial institutions to explore new business models.
Financial institutions are increasingly collaborating and digitising their operations for transactions. This means they need to efficiently collect and interpret data dynamically and share information.
HUBX co-founder Axel Coustere said, “We’re excited to team up with Finastra to help banks and financial institutions tackle this challenge and drive efficiencies into the lending process.
“HUBX Arranger leverages data and insights to boost customer experience and increase the pace at which corporate banks can execute transactions. Integrated with Finastra’s proven and trusted lending software which automates the back office, we can make a real difference in this space around speed, liquidity and the corporate customer experience.”
The HUBX Arranger solution offers a digital bookrunning process that brings lenders and investors together to support all stages of the syndication book-build process in a single location. It claims banks and financial institutions can use this to retain full control of their data and branding.
The Fusion Loan IQ tool offers processing capabilities that enable automated deal, facility and lender positioning onboarding.
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