Singapore Fintech iLex to Use Mortgage Options Provided by Refinitiv, will Redistribute LPC Mortgage Market Knowledge through iLex Platform

iLex, a Fintech agency that’s centered on enhancing the company mortgage market, has partnered with Refinitiv by way of its LPC model, with a purpose to combine their mortgage options and redistribute LPC mortgage market knowledge through the iLex platform.

As talked about in a launch shared with CI, iLex can be providing its sensible analytics function “LPC by iLex” in order that customers can get a “360-degree market analyses“ and full particulars associated to mortgage transactions.

iLex Analytics, which is iLex’s knowledge and analytics providing, aggregates knowledge collectively from mortgage actions that happen on its platform and in addition from its knowledge companions which incorporates Refinitiv.

As famous within the announcement, iLex permits its subscribers to achieve instantaneous entry to “particulars of each reported deal within the main and secondary mortgage markets throughout APAC.” iLex’s value-add or principal worth proposition/use case is within the aggregation of a number of differnet knowledge sources, knowledge high quality management, and in providing in-depth analytics – which is all accessible by way of a single platform.

As defined within the launch, the iLex platform helps scale back the time wanted to mixture knowledge from a number of sources. This could profit mortgage syndication groups and buy-side traders who will be capable to conduct enterprise extra effectively.

iLex goals to make it simpler to carry out credit score analyses and perform due diligence on potential mortgage offers. The platform gives historic value comparisons, liquidity evaluation, and permits customers to entry the profile of various market members. It additionally provides fast entry to key market insights and helps with streamlining credit score choices in order that shoppers are in a position to establish and seize extra deal alternatives.

Mike Lavin, World Head of Capital Markets Perception at Refinitiv, acknowledged:

“We’re excited to work with iLex in offering improved workflow and knowledge mixtures to market members throughout APAC.”

Bertrand Billon, Founder and CEO at iLex, remarked:

“We imagine our partnership [with Refinitiv] will ship advantages to all market members when it comes to credit score analysis, market effectivity and value discovery.”

As confirmed within the launch, iLex has obtained help from the Monetary Sector Growth Fund underneath the Monetary Sector Expertise and Innovation (FSTI) scheme – which is run by Financial Authority of Singapore (MAS).

As famous within the launch, iLex’s Suite of Knowledge Choices consists of:

• Market Pulse: Actual-time transaction volumes segmented by borrower, deal and lender standards (e.g. business, nation, forex, tenor, and so on.) for chosen loans transactions
• Borrower Insights: Automated liquidity evaluation on a borrower’s title or peer group
• Lender Insights: Overview of a lender’s market actions, with particulars throughout a number of standards and checklist of transactions
• Mortgage Analyzer: Benchmarking of mortgage costs within the main and secondary markets primarily based on a number of search standards and peer group evaluation, with sector curves.
• Market Heatmap: Actual-time aggregation and visualization of market demand/supply and sizzling spots, new deal pipeline, reside market actions, and market sentiments.

As reported in June 2020, iLex had managed to safe seed funding. The corporate had additionally signed a Memorandum of Understanding (MoU) with IHS Markit.