The Debt Exchange Inc. announced Monday that U.S. Bancorp is now using DXSyndicate for its loan syndication and agency functions.
DXSyndicate integrates investor contact management, deal tracking, management reporting and secure document distribution in a single, Web-based platform, DebtX said.
"DXSyndicate provides U.S. Bank with a comprehensive solution that enabled the bank to consolidate two different systems," Jeanne Rudelius, the head of U.S. Bank's loan capital markets unit, said in the Boston vendor's press release. "We invested significant resources searching for the right platform and believe DXSyndicate provides a solution the marketplace has sorely needed, but has lacked until now."
Wells Fargo & Co. and Union Bank, a unit of Mitsubishi UFJ Financial Group Inc., also are using DXSyndicate to improve collaboration between the syndication and agency functions, DebtX said.