Finastra and Marketnode Enhance Loan Onboarding with AI Automation
Finastra partners with Marketnode to automate credit agreement onboarding, reducing processing time from two hours to 10 minutes. This integration aims to improve data accuracy and scalability for financial institutions, addressing industry operational challenges.
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Finastra and Marketnode have collaborated to automate the credit agreement onboarding process for corporate lenders, integrating Marketnode's intelligent document automation with Finastra's Loan IQ platform. This partnership targets the inefficiencies of manual data entry and fragmented processes in lending operations, significantly reducing processing time from two hours to just 10 minutes.
The combined solution enhances accuracy and compliance while supporting deployment on Microsoft Azure, providing scalable AI processing and secure data exchange. The automation of credit operations is likely to reshape lending workflows, presenting operational advantages in a complex credit landscape.
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