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Friday 23 September 2022

Thought Machine and Trade Ledger enhance commercial lending

Thought MachineCloud-native core banking specialist, Thought Machine has partnered with “Lending as a Service” startup, Trade Ledger, to provide an enhanced proposition for commercial lenders. Founded in 2016, the Trade Ledger platform was created with the goal of improving the efficiency of the SME / mid-size corporate lending process (see: Trade Ledger looks to streamline commercial lending).

Trade LedgerTrade Ledger’s technology aggregates and analyses data in order to provide banks and commercial lenders with the necessary information to make informed decisions about loans. The technology also accelerates lending, not only by providing a single source of truth, but also by automating key elements of the process.

API-driven data exchanged between the two companies will enable users of Thought Machine’s flagship core banking platform “Vault” to utilise Trade Ledger’s technology within their operations. By embedding data-driven commercial lending capabilities in this way, the partnership should help to facilitate superior decision making and faster disbursements by commercial lenders.

Thought Machine has established itself of one of the leading newcomers in the core banking space. Along with the likes of market leaders Temenos and FIS, cloud-native core offerings such as Vault are increasingly being adopted by both new and established financial services providers. The ability to improve speed to market, streamline operations and interface with an ecosystem of ancillary service providers are just some of the key benefits of the technology.

Posted by: Jon C Davies at 09:47

Tags: banking   Lending   Temenos  

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