Finastra, a global leader in financial services software solutions, and Marketnode, an intelligent document automation company headquartered in Singapore, have entered into a strategic partnership to streamline the credit agreement onboarding process for corporate lenders.

This collaboration leverages Marketnode’s advanced AI-driven document extraction technology with Finastra’s Loan IQ platform via its Nexus Build module.

The goal of this partnership is to tackle longstanding operational issues in syndicated and bilateral lending, where credit agreement onboarding has traditionally been dependent on manual data entry, disjointed workflows, and error-prone document handling. The integrated solution allows financial institutions to automatically capture key data from complex credit documents and input it into Loan IQ, significantly shortening the deal setup process time from around two hours to just ten minutes.

Technical Integration and Deployment

Marketnode’s Smartflow technology employs large language models, OCR, AI, and machine learning techniques to interpret both structured and unstructured data within credit documentation. Once extracted, this data is passed onto Loan IQ via Nexus Build APIs, facilitating seamless automated deal setup within the loan servicing system. The solution supports both on-premises and private cloud deployments, currently hosted on Microsoft Azure, ensuring real-time workflow integration, scalable AI processing, and secure data exchange.

This reduction in manual tasks is anticipated to decrease operational expenses, enhance data precision, bolster compliance, and expedite time-to-revenue recognition for lenders. Additionally, the architectural design helps banks manage their IT infrastructure more efficiently as part of broader cloud transformation initiatives.

Commenting on this initiative, Andrew Bateman, Executive Vice President of Lending at Finastra, highlighted how the partnership enhances Loan IQ’s functionalities to help financial institutions cut down manual procedures, improve data accuracy, and hasten credit agreement onboarding. Rehan Ahmed, CEO of Marketnode, emphasized that this alliance redefines how organizations manage every stage of the credit lifecycle—from origination through distribution—by leveraging intelligent automation at scale.