Loans go digital - LMA starts automation platform planning

LMA
By Mike Turner
26 Mar 2020

Automation is coming to syndicated loans as the Loan Market Association announces it has entered into an agreement with companies to explore the idea, with loans bankers welcoming the development.

The LMA has entered into a memorandum of understanding with law firm Allen & Overy and automated contract company Avvoka to develop a document automation platform.

"This makes sense," said a loans banker at a European bank. "It has been talked about for a while. Some of the process ...

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