back Back

MUFG taps Broadridge for loan tracking, reporting tech

By Sunniva Kolostyak

July 20, 2020

Share

BroadridgeMUFG Investor Services has partnered up with Broadridge Financial Solutions to provide its private debt clients with the FinTech’s Sentry Loan Portfolio Management system for loan tracking and reporting technology.

MUFG Investor Services, which provides asset servicing, banking, administration and fund financing solutions, chose the Broadridge system to manage all aspects of its loan administration and service clients in a more efficient way.

The web-based Sentry Loan Portfolio Management system is added to MUFG’s solution set with its acquisition of ClearStructure Financial technology.

In a statement, Broadridge noted that the recent growth in the private debt, private credit and direct lending market has driven the partnership alongside the growing demand for software capable of administering and handling loans.

“The Sentry solution is designed to address front-, middle- and back-office functionality, and positions firms for the future with optimal transparency and efficiency,” said Eric Bernstein, President of Asset Management Solutions at Broadridge.

MUFG“In working with the Sentry system, MUFG Investor Services will be better able to streamline its processes and address the current demands of private debt funds.”

Besides managing day-to-day loan administration, the Sentry Loan Portfolio Management system allows users to monitor compliance issues and reconcile and aggregate data to streamline or automate processes.

Treabhor Mac Eochaidh, head of Debt Services at MUFG Investor Services, added: “The private debt business is experiencing tremendous growth right now among middle markets and smaller firms, and we want to have a platform that caters to the needs of this thriving business.”

“By adopting Broadridge’s system, we’re tapping into the most comprehensive and flexible loan system on the market and expanding our offerings to meet the evolving needs of our clients.”

Previous Article

July 20, 2020

Copper integrates Signature Bank’s digital payments platform- Signet

Read More
Next Article

July 21, 2020

YellowPepper & Unicomer Group partner to launch new credit line solution, Emma

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

October 29, 2024

Afin Bank and Thought Machine launch digital bank for Africans in the UK

Read More

October 22, 2024

Tuum partners with Google Cloud to deliver core banking in EMEA

Read More

October 17, 2024

Stress and Mortgages: Are UK Banks Failing Homebuyers?

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More