We did it! A game-changing moment for the loan market, congrats JPM! This achievement is due to the brilliant efforts of JPM leaders Joseph Ferraiolo, Patrick Kidwell, Puja Mittal and their teams, along with our star tech team led by CTO David Kamp. The art of the possible 🌟
MAJOR MARKET MOMENT! We’ve delivered on our mission as J.P. Morgan has achieved straight-through processing (STP) on our centralized digital data platform, a first for the syndicated loan market. This milestone is a monumental leap forward for our industry, and we’re exceptionally proud to be ushering in a new era of streamlined, fully digital end-to-end workflows. We look forward to working with all of our subscribers to replicate this achievement and make STP the industry standard. This announcement is another proof point underscoring the progress Versana has brought to the industry and comes at a time of significant growth for us, as we now count over 3,600 syndicated loan facilities totaling $2.1 trillion in commitments on our next-generation platform. True modernization of the $7 trillion broadly syndicated loan and private corporate credit markets is happening. Read the press release: https://hubs.la/Q02Dy3v80 #techinnovation #loanmarket #syndicatedloans #digitaldata #fintech #capitalmarkets #transformationinaction #leveragedfinance
Mazel Tov to Cyndi Sachs. You were the best trainee I had a pleasure of working with at NatWest.
A truly amazing accomplishment and more to come! Congratulations.
Rakesh Kumar
1w
This is really cool.
Congratulations Cynthia! Trailblazing as always!!
Noel Mahray
2w
Great accomplishment - congrats to the whole team! 🚀
Congratulations! Very exiting!
Congratulations Cynthia E. Sachs !
Congrats Cynthia E. Sachs!
Congratulations! Could you give us more details about what is considered STP for Versana?