Finastra and Marketnode have announced a strategic partnership to digitize and automate credit agreement onboarding for corporate lenders — tackling one of the most persistently manual, error-prone workflows in lending operations.
The collaboration integrates Marketnode's LLM/AI-powered document automation with Finastra's Loan IQ platform via the Loan IQ Nexus Build module. The result: a previously labor-intensive process that took up to two hours can now be completed in just 10 minutes.
What the Combined Solution Delivers:
AI/ML and OCR-powered extraction of structured and unstructured data from complex credit documentation
Automatic mapping of extracted data directly into Loan IQ for rapid deal setup
Reduced manual data entry, fragmented processes, and operational risk
Faster path to revenue recognition and greater scalability for lenders
Supports both on-premise and private cloud deployment on Microsoft Azure
Secure encrypted data exchange with real-time workflow integration
Andrew Bateman, EVP of Lending at Finastra, said: "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."
Rehan Ahmed, CEO at Marketnode, added: "Integrating Marketnode's AI-powered automation within Loan IQ's trusted global infrastructure enables nimble, intelligent, and resilient operations at scale. This reshapes how institutions manage the end-to-end lifecycle from origination to distribution."
For corporate lenders navigating an increasingly complex credit landscape, the Finastra–Marketnode integration sets a new benchmark for what automated, cloud-ready loan servicing can look like.