AccessFintech and Nammu21 partner to transform the way the loan industry works with market data
- AccessFintech’s connectivity to Nammu21 technology will address challenges of extracting, accessing and distributing data within complex credit agreements, with an initial primary focus in the private credit space
- Nammu21 technology will interoperate with AccessFintech’s Synergy platform, giving access to real-time data and improving transparency
- Nammu21 and AccessFintech are currently working with industry participants to solidify use cases
London: 20 November, 2023 – AccessFintech, a data company providing real-time insights driving greater data transparency, workflow optimisation and collaboration for financial markets has partnered with Nammu21, a data analytics provider, to address challenges in identifying and extracting key data contained in complex credit agreements in the private credit loan market. The Nammu21 solution will interoperate with AccessFintech’s Synergy platform which is at the heart of the loan data management space. Nammu21 accesses and extracts data from complex credit agreements. Working with AccessFintech, clients will improve the resolution process providing better organisation, speed and efficiency in the loan market.
AccessFintech specialises in data publishing and issue prediction where there is a distributed supply chain of multiple organisations. Its Synergy platform enables its network of leading financial institutions access to a critical mass of data. As members of this network, clients gain operational and technological capacity, reduce their cash breaks, and improve settlement times.
Nammu21 transforms complex credit agreements into golden source reference data. Nammu21’s domain specialised ontology unlocks and exposes previously hidden, inaccessible data, enabling new insights, unified reporting transparency, efficiency and new value creation for the loan market.
Commenting on the partnership, Cory Olsen Head of Loan Products at AccessFintech states: “We are excited to be partnering with Nammu21 and believe their technology will enhance our service by significantly reducing resolution time by offering easy access to key data points within lengthy credit agreements. Aligned in our vision to transform the loan market, Nammu21 and AccessFintech are in conversations with a number of major financial institutions regarding their onboarding to the Synergy platform. Their confidence in our product is a testament to our strong offering and shared commitment to being leaders in the loan space”.
Commenting on the partnership, Someera Khokhar Founder and CEO of Nammu21 adds: “Technology based solutions and collaborations across the market are vital in driving efficiency improvements in the loan ecosystem. We are delighted to be partnering with AccessFintech and believe this market integration will be of great importance in helping our collective clients achieve greater operational efficiencies and transparency across their credit transactions”.
Nammu21 is a leading platform driving operational efficiencies and data transparency in loan transactions. Built by industry veterans, Nammu21 leverages natural language processing technology and proprietary processes to deconstruct complex interconnected financial documents into interoperable, digital data. For more information follow @NammuTwentyOne or visit https://nammu21.com/.