Limitations with the client’s system of record necessitated a solution that could meet the immediate need of aggregating servicing events into a single commercial invoice, while remaining flexible to future extensibility.
A client’s need to define potential contingent exposure for letter of credit and swing line loan issuance, and convey this information to multiple endpoints, was the motivation for this project.
With the effectiveness of FATCA regulations, a mid-sized syndicator required a solution to validate tax forms, monitor tax events, and perform year-end reporting, per IRS requirements.
Fintech startups are being offered the opportunity to obtain ‘special’ charters with the OCC. If fintech bites at this OCC apple, then everyone is gonna have to play nice.
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