He Global Data Driven Lending Technology Provider Nord Lb Will Use The Trade Ledger Platform To Originate And Manage Receivables Finance Facilities For Large Corporate Customers Processing Managing Secured Loans Is Admin Heavy Has Previously Required Significant Amounts Of Manual Work On An Ongoing Basis News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Partnership streamlines processes for faster lending decisions by offering a next-generation digital solution LONDON, Oct. 4, 2022 /PRNewswire/ NORD/LB, one of Germany's largest commercial banks, is accelerating access to finance for its large corporate customers, in a partnership with Trade Ledger, the global data-driven lending technology provider. NORD/LB will use the Trade Ledger platform to originate and manage receivables finance facilities for large corporate customers. Processing and managing large receivables secured loans is admin-heavy and has previously required significant amounts of manual work on an ongoing basis, limiting the ability to distribute this popular product. NORD/LB currently releases funds within 7 working days of a receivables finance client raising an invoice. Through the Trade Ledger platform, the bank expects to reduce this to just 24 hours, significantly improving access to working capital finance for its customers. The Trade Ledger platform, whic ....

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