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Founded by J.P. Morgan, Bank of America, Citi and Credit Suisse and expected to launcher later in the year, Versana “will aim to reduce the corporate loan market's operational challenges by digitally capturing agent banks' reference data directly from its source on a real-time basis,” the company said in news release.
"Versana is backed by some of the biggest players and is being built by industry veterans with decades of experience working in the loan ecosystem,” she said. “We know first-hand the challenges that exist today and are passionate about fixing the market's inefficiencies and inherent risks, setting it up for accelerated growth for years to come."
https://www.pymnts.com/loans/2022/big-banks-launch-syndicated-loan-platform-versana/
