SG-based iLex jumpstarts digital loans market
9 January 2022
A Singapore-based fintech, iLex, has gotten six global banks to sign up to its new platform to digitize the market for corporate lending and structured finance.
In addition to his former employer, Société Générale, iLex has gotten BNP Paribas, China Construction Bank (Asia), DBS, MUFG and Standard Chartered to join its platform.
iLex’s founder and CEO, Bertrand Billon, says digitization is the key to transforming a lending activity into a capital-markets business, which could unlock enormous potential liquidity and trading volumes in corporate loans.