CryptoGoogle Cloud Blogabout 1 hour ago
Nammu21 Automates Syndicated Loans on Google Cloud
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Fintech firm Nammu21 partners with Google Cloud to automate syndicated loans using the Google Cloud Universal Ledger. The proof-of-concept models a $1.945 billion Term Loan B, utilizing AI to convert legal agreements into smart contracts. This collaboration aims to reduce settlement times from an average of 42 days to near-instant finality for institutional finance.
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