Itaú builds blockchain lending platform with StanChart

Itaú builds blockchain lending platform with StanChart

Loans Corporate & Sovereign Strategy Structured Finance Brazil

Brazil's Itaú Unibanco has developed a blockchain-based syndicated loans platform with the British bank Standard Chartered, looking to reduce operating costs and cut the delays for loan approvals in half. "A syndicated loan can take eight weeks to be negotiated, but with this platform that can be reduced by 50%," said Germana Cruz, the head of financial institutions for Latin America at Standard Chartered. The banks also aim to reduce operating costs by 30% to 40% through the new platform, she a

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial