Versana to launch syndicated loan platform later this year

By Sara Rosenberg

New York, March 16 – Versana plans to launch later this year an industry-backed syndicated loan platform, joining together banks, institutional lenders and their service providers, according to a news release.

The platform will aim to reduce the corporate loan market’s operational challenges by digitally capturing agent banks’ reference data directly from its source on a real-time basis.

In addition to providing greater transparency into loan level details and lender portfolio positions, the platform will streamline workflows and lower costs, enabling agent banks to better serve their clients.

Versana’s founding members are JPMorgan, Bank of America, Citi and Credit Suisse.

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