BNY Mellon today announced it has officially launched LoanArc, an online loan reporting solution for Corporate Trust clients.
LoanArc provides managers, analysts, and marketers with loan data, ratings, and compliance information across all loans in a portfolio. Clients can customize loan portfolio data, reports, and trends to their own specifications.
LoanArc was co-created with feedback from CLO managers and built on BNY Mellon NEXENSM. As a result, it allows clients to integrate loan data and exchange compliance information, ratings, custody reporting, and asset and collateral details. It also provides compliance test results as frequently as daily to meet clients’ needs.
LoanArc users can access data directly through a web portal user interface or for use in other applications via NEXEN APIs. Use of the NEXEN platform will also allow quick releases of additional functionality over time to meet additional market need.
“With LoanArc, we move beyond the idea that loan portfolio data exists only in its own silo,” said Frank La Salla, CEO, BNY Mellon Corporate Trust. “Managing dynamic portfolios requires a high level of data and operational efficiency. That’s why we built LoanArc on NEXEN and focused on including access via APIs. It means clients can now access loan data when and how they want it.”
To learn more about BNY Mellon’s LoanArc, visit our website or submit a request and a member of BNY Mellon’s team will contact you. Members of the media should contact Chris Fox (firstname.lastname@example.org).