Finastra and Coefficient Markets Partner to Automate Loan Trade Booking via EPIC and Loan IQ Integration
Finastra and Coefficient Markets have announced a strategic partnership to modernize corporate loan trading workflows. The collaboration integrates Coefficient's EPIC dealer workflow system with Finastra’s Loan IQ platform using Nexus APIs. This integration automates the flow of trades from capture in EPIC directly into Loan IQ for booking, supporting single-trade, bulk, and portfolio transactions. The automation aims to address the challenges posed by a 40% increase in secondary loan trading activity since 2023. By reducing manual data entry and eliminating spreadsheet reliance, the partnership seeks to improve data accuracy, enhance operational efficiency, and allow trading desks to manage higher volumes. The initiative also builds upon existing ecosystem partnerships with S&P Global Market Intelligence to create a more connected end-to-end lending lifecycle.
Topics: Corporate Banking Fintech Loan Trading Automation Software Integration