Finastras Fusion LenderComm on blockchain signs up three new big banks

Wednesday 15 May 2019 13:05 CET | News

Finastra has signed three global banks on its Fusion LenderComm platform: BNP Paribas, Natixis and Societe Generale, following a recent sign-up by NatWest.

Fusion LenderComm is based on Corda Enterprise, R3’s commercial version of its open source blockchain platform, Corda. The company says it is enabling banks to expose real-time credit agreement, accrual balances and position information data to lenders, directly from agent bank loan servicing platforms, such as Finastra’s Fusion Loan IQ.

Finastra says that Fusion LenderComm integrates directly into the overall technology stack at the banks.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Finastra, Fusion LenderComm, bank loan, banking, lending, BNP Paribas, Natixis, Societe Generale
Countries: World