Syndicated loans tech, processes lag other markets. Bank-backed Versana wants to change that

Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.

Alex Naboicheck, head of US loan trading at Bank of America (BofA), hasn’t seen much modernization in the syndicated loan market in his more than 10 years at the bank. “If you talk to someone who’s been here as long as I have—or people who’ve been here even longer—the syndicated loan market really has not modernized over that period of time,” he says.

Syndicated loans have seen tremendous growth since the 1990s. After the market collapsed in 2007/8 during the global financial crisis, it

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Deutsche Börse democratizes data with Marketplace offering

Deutsche Börse Group is set to unveil its Marketplace, a one-stop data shop designed to simplify and streamline data acquisition and consumption for its clients, while also surfacing data from across the firm to its own users. Jan Stiebing and Sven…

The IMD Wrap: The growing data catalogue space

With their potential to manage costs and surface strategic datasets, it’s no wonder Max gets excited about data catalogs. This week, he takes a look at a new startup entering the space.

The IMD Wrap: Taking stock of inventory management

With market data and associated costs typically representing a firm’s third-largest expense, there’s a lot of incentive to manage data and its usage more efficiently. Max flings open his fridge to illustrate what’s new in this space.

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