Wilmington Trust, a part of the M&T Bank family, announced on February 12, 2025, a new collaboration with AccessFintech. This partnership aims to automate and streamline loan lifecycle management using AccessFintech's Synergy platform.
The initiative is designed to drive real-time data transparency and collaboration, significantly reducing discrepancies and resolution times among various organizations in the loan market. Lenders will be able to compare normalized data sets, prevent cash breaks, and accelerate the resolution process.
Medita Vucic, Wilmington Trust’s Head of Structured Finance and Loan Market Solutions, stated that this relationship will facilitate streamlined communication through a centralized, single-source solution. This is expected to deliver substantial productivity and efficiency improvements for Wilmington Trust and its clients in the private credit market, which topped over $2.1 trillion last year.
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