Syndicated Lending

Thanks to blockchain technology, syndicated lending is possible through the platform. Standard processing of such credits can take a long time because multiple participants are involved. While processing such loans, banks must check important info like KYC and AML needs. Blockchain enhances the procedure and makes it more open. The use of such concepts, like smart contracts, has helped to make the process quick and straightforward. All the banks involved can exchange critical information through the blockchain platform. And this lowers the cost of regulatory needs for such loans and saves time.