Finastra has announced a strategic partnership with Marketnode to digitize and automate the onboarding of credit agreements for corporate lenders. The collaboration brings together Marketnode’s LLM- and AI‑powered intelligent document automation and Finastra’s Loan IQ platform via the Loan IQ Nexus Build module. It enables financial institutions to digitize the onboarding process for credit agreements through an integrated, automated workflow.
The partnership was formed to address long-standing operational challenges faced by lenders, where credit agreement onboarding has traditionally involved manual data entry, fragmented processes, and operational risks. By combining Marketnode’s document extraction capabilities with Loan IQ’s syndicated and bilateral loan servicing infrastructure, the partners are transforming a previously labor-intensive workflow into an automated, accurate, and seamless digital experience.
Marketnode’s Smartflow technology uses LLM/OCR and AI/ML to interpret both structured and unstructured data in complex credit documentation. When integrated with Loan IQ Nexus Build’s APIs, these capabilities allow banks to automatically map extracted data into Loan IQ to set up deals in the system. The combined solution can reduce processing time from two hours to 10 minutes.
The complementary solution supports both on-premise and private cloud deployment. The current configuration is hosted on Microsoft Azure, giving banks access to always-on infrastructure, real-time workflow integration, scalable AI and ML processing, and secure, encrypted data exchange between Marketnode and Loan IQ. This cloud-ready architecture also reduces banks’ infrastructure overhead while aligning with broader cloud transformation strategies across the financial sector.