GDR Launches Echo to Streamline Structured Credit

By: GDR
 
NEW YORK - Sept. 22, 2019 - PRLog -- Global Debt Registry (GDR), the leading digital platform for managing securitization transactions, today announced the launch of Echo to support the digital transformation of transaction documents and data.

Echo saves time and money while providing extra security for all the parties involved in ABS deals. The document-centric collaboration tool allows a shared digital view of deals documents and loan data across parties and time. The tool lets teams raise the bar on workflows dominated by emails, Excel and electronic vaults. Echo supports services that add security and transparency into deals as they evolve.

Features and benefits include:

·       Unified document viewing with Echo means all players can reference the same documents, flows and actions.

·       Echo's One-Click sharing quickly adds members to deals team, so teams get up to speed immediately.

Echo lets players listen to deals and documents outside of email. Echo gets rid of inbox chaos by watching deals and documents evolve in Slack, Symphony or other tools.

A key development is the support of human- and machine-readable open language for workflow. Thus, Echo can integrate with in-house systems or across partners to update documents.  Automation and open APIs allow junior developers to easily build or add existing systems and services to automate deal flows across partners and systems.

Echo as a platform supports easy asset transfers and the recording of documents and events across parties in immutable blockchain records. Tokenization of individual assets becomes a possibility as the market demand matures.

CEO Charlie Moore commented, "A common ledger facilitating shared, digital, immutable sources of truth unlocks huge value in capital management, smart contract automation, and new deal structures. Echo provides a flexible workflow tool to collaborate on transactions, turning unstructured data and documents often trapped in emails into structured, tagged data with a strong audit trail and legal framework for automation."

With 1M+ loans recorded, GDR has established itself as the platform to support all asset types, digital or paper, to more easily flow through the teams and tools across the structured credit ecosystem.

Issuers are invited to test the platform, and industry service providers in areas like custody, trust, verification are welcome to engage the API suite. Please contact info@gdr.co.

About Global Debt Registry
GDR is a FinTech improving the efficiency of the securitization market, using a common ledger across transacting parties for better collaboration, risk management and automation. GDR's SOC1 & SOC2 compliant infrastructure – built with Hyperledger Fabric – helps to efficiently manage lending facilities, loan data and documents, from origination through securitization. The company is led by a team of senior executives from Thomson Reuters, Credit Suisse, BNY Mellon and Barclays. For further information, view our video at GDR.co.

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Source:GDR
Email:***@gdr.co
Tags:Fintech
Industry:Financial
Location:New York City - New York - United States
Subject:Products
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