Finastra streamlines loan onboarding with Nammu21

By Aarav Garg

Finastra and Nammu21 have partnered to streamline loan onboarding by integrating AI-driven document intelligence into the Loan IQ platform. The collaboration targets a longstanding challenge in lending, which is converting complex credit agreements into structured, usable data without manual intervention.

Through integration with Loan IQ’s Nexus Build API, Nammu21’s technology automates the extraction and structuring of data from credit documents, which is then directly populated into the system. This reduces reliance on manual data entry, a process that has traditionally slowed onboarding and introduced operational risk.

Robert Downs, Loan IQ Product Head at Finastra, added, “The market has been asking for greater automation in credit document processing and deal booking for years. This partnership delivers on that need by combining Nammu21’s document intelligence with our Loan IQ platform. The result is a solution that transforms data integrity and gives agents and lenders an automation tool that seamlessly integrates with how they already work. It’s simply about making their operations smoother.”

The combined solution is designed to improve processing speed and data accuracy, enabling lenders and agents to book loans more efficiently. By standardising and digitising document workflows, it also supports greater consistency across the loan lifecycle.

“With this partnership, we’re removing the friction in lending that shouldn’t exist in the first place,” said Someera Khokhar, CEO of Nammu21. “Credit agreements sit at the center of loan markets, yet too much operational value remains trapped in unstructured text. Nammu21’s NEL Protocol converts credit agreement provisions into structured, digital, and fully auditable data with clear lineage from source provision to output. Integrated with Finastra’s Loan IQ, the partnership modernizes loan operations and delivers greater efficiency, transparency, and control across the current market workflows – while laying the foundation for moving credit markets on chain.”

For borrowers, the changes translate into faster processing and more streamlined execution. The partnership reflects a broader shift across financial services toward embedding AI capabilities within core systems to modernise operations and improve efficiency in document-heavy processes.