Loan market gears up for tech transformation

Few would argue that the syndicated loan market, hooked on fax machines and trades that can take months to complete, hasn’t long had an image problem. Some argue that it now also has structural and liquidity problems as banks hunker down for the Great Credit Contraction. Nina Flitman assesses banks’ efforts to introduce technology to solve these problems without compromising the syndicated loan market’s unique characteristics and the centrality of the relationship between borrowers and lenders.