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Payments General

Finastra's Fusion LenderComm on blockchain signs up three new big banks

Wednesday 15 May 2019 | 01:05 PM CET

Finastra has signed three global banks on its Fusion LenderComm platform: BNP Paribas, Natixis and Societe Generale, following a recent sign-up by NatWest.

Fusion LenderComm is based on Corda Enterprise, R3’s commercial version of its open source blockchain platform, Corda. The company says it is enabling banks to expose real-time credit agreement, accrual balances and position information data to lenders, directly from agent bank loan servicing platforms, such as Finastra’s Fusion Loan IQ.

Finastra says that Fusion LenderComm integrates directly into the overall technology stack at the banks.

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