Cloud 9fin Bringing loan data from fax to the future
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Mar 6, 2025 John Smullen, a product manager at FIS with expertise in loan data technology, shares fascinating insights into the world of loan data management. He discusses the surprising persistence of fax machines in 2025 and the crucial trends shaping the credit markets. The conversation dives into the growing importance of AI in transforming loan data processing and the need for standardization to improve efficiency and accuracy. Smullen highlights how firms are outsourcing data management to address transparency and operational challenges in private credit.
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Loan Market Appeal
- Syndicated loans and private debt offer higher yields than bonds, making them attractive to institutional investors.
- Their tradability provides liquidity and diversification benefits.
Data Standardization
- Standardized data is crucial for pricing risk in loan portfolios.
- This is especially important for making institutional buyers comfortable with these investments.
Data Accuracy and Frequency
- Asset managers need frequent, accurate loan data for decisions, but manual processes cause errors.
- Technology helps digitize data, enabling daily or intraday updates for better insights.