Finastra launches first live R3 Corda app

The first R3 Corda app is live and available commercially. Finastra’s Fusion LenderComm shares information about syndicated loans. This is the first step in creating a global secondary marketplace for syndicated loans. In March there was press coverage about another R3 Corda solution, the HQLAX security lending platform. While that included live transactions between ING and Credit Suisse, it is a pilot. So LenderComm is the first live R3 Corda app.

Fusion LenderComm

Finastra is a major technology player in banking. The company has a turnover of more than $2 billion, employs more than 10,000 people and counts 48 out of 50 of the largest banks as clients.

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