back Back

ING and vc trade join forces to digitise lending

By Gloria Methri

February 08, 2023

  • Digital Lending
  • Digitisation
  • ING bank
Share

ING bank, Dutch, Netherlands, digtal bankingING bank has spun out its Loan Optics technology to vc trade GmbH, the digital platform in the market for private placement and promissory note loans.

Loan Optics enables all stakeholders in the syndicated loan market (banks, borrowers, lawyers, advisers, and agents) to cooperate on one central platform to originate, structure, document, and negotiate digitally native loans – creating digital loan data in the process.

Loan Optic’s functionalities will be integrated into the already existing vc trade platform to further enhance their loan collaboration solution. As part of the transaction, ING will become a shareholder in vc trade.

Since Loan Optics and vc trade are backed by market leaders in the syndicated loan industry, combining the most relevant solutions will strongly favour the digitisation of loan markets.

Jeroen Plag, global head of strategy and innovation at ING said, “After spinning out Stemly Pyctor and recently SparQ from ING, Loan Optics has been another innovation success story for ING. ING incubated Loan Optics, leveraging ING’s innovation expertise, deep digital data knowledge, and continuous input and feedback from major players in the syndicated loan market who acted as participants in the Loan Optics Working Group. We have found the perfect partner in vc trade to scale the Loan Optics technology to the next stage and to get it implemented much faster across the industry through vc trade’s existing customer base.”

Stefan Fromme, Co-Founder, and Managing Partner vc trade added “Our longstanding partnership with ING and concurring view on how the lending business will develop are building the fundament to join forces. Looking at the synergies and the highly complementary product offering of Loan Optics and vc trade, we strongly believe that the combination of the Loan Optics technology and the vc trade platform will add significant value to the loan markets and offer unparalleled benefits for borrowers, banks, lawyers, and agents alike.”

Previous Article

February 08, 2023

Tarabut Gateway partners with micro-lending provider Tamam

Read More
Next Article

February 08, 2023

Intellect announces collaboration with Amazon Web Services

Read More






IBSi Daily News Analysis

Data privacy

June 19, 2024

Digital Lending

EMEA faces $85bn annual financial crime compliance costs, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Mbanq joins IG Tech Cambodia to expand BankTech & BaaS solution in SEA

Read More

Today

First Abu Dhabi Bank bolsters CLM operations with Fenergo

Read More

June 19, 2024

Dineo Crédito taps Mambu to bolster lending capabilities in Spain

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023