Finastra, a global leader in financial services software, announced a strategic partnership with Marketnode to digitize and automate the credit agreement onboarding process for corporate lenders. The collaboration brings together Marketnode's LLM/AI‑powered intelligent document automation and Finastra's Loan IQ platform through the Loan IQ Nexus Build module. It enables FIs to digitize the credit agreement onboarding process via 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 advanced document extraction capabilities with Loan IQ's robust syndicated and bilateral loan servicing infrastructure, the partners are transforming a previously labor-intensive workflow into an automated, accurate, and seamless digital experience.

 "Automation and intelligent data processing are key to modernizing lending operations," said Andrew Bateman, EVP of Lending at Finastra. "Through this collaboration, we are extending Loan IQ's capabilities to help financial institutions reduce manual processes, improve data accuracy, and accelerate the onboarding of credit agreements. The result is a faster path to revenue recognition and greater scalability for lenders worldwide."

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 and rapidly set up deals in the system. The combined solution can reduce processing time from two hours to just 10 minutes, significantly cutting operational overhead while enhancing accuracy and compliance.