Oct 30, 2020   SOURCE: PR NewsWire

ORSNN Launches Powerful Whole-Loan Trading Platform To Beta

SEATTLE, Oct. 30, 2020 /PRNewswire/ -- ORSNN, a fintech startup that builds end-to-end solutions for managing and trading loan portfolios, today launched a private beta platform that provides financial institutions with a low-cost, transparent, and automated loan-trading system.

Powered by machine learning and cloud technology, the ORSNN beta platform has three functions:

    1. Rich analytics: Currently, financial institutions must rely on in-house
       systems, expensive external software subscriptions, or brokers to obtain
       analytics. With ORSNN's new automated platform, financial institutions
       can instantly upload their loan portfolios, carve them up using various
       criteria, and perform advanced analytics.
    2. Double-sided marketplace: ORSNN's automated marketplace replaces the
       traditional broker role, enabling financial institutions to browse or
       post anonymous offerings, connect with counterparties to transact, and
       execute streamlined deal flow and communications on the platform.
    3. Automated diligence: Machine learning accelerates the documentation
       review and remediation, which is currently a manual and painstaking
       process executed by the counterparties themselves or third-party
       services.

"Unlike the equities and Treasurys markets, trading loans is a clunky, old-fashioned business," said Sean Banerjee, CEO and co-founder of ORSNN. "By utilizing cloud computing and machine learning, the ORSNN team realized the technology exists to digitally transform this trillion-dollar loan market."

Designed by former bankers, traders, and ex-Amazon employees, ORSNN's platform eliminates the need for traders to send countless emails and create individual counterparty reports, while improving the efficiency of reverse inquiries. The platform also provides transparency into the process by facilitating seamless access to liquidity.

Financial institutions interested in utilizing ORSNN's automated trading platform for residential mortgage, consumer automobile, commercial real estate, and member business loans (MBLs) can inquire about gaining access by emailing sales@orsnn.com. The platform also supports credit union participation trading, including MBLs.

About ORSNN
ORSNN is the first automated loan-portfolio-trading platform created by traders for financial institutions. ORSNN drives efficiencies in the legacy loan-trading industry by leveraging machine learning and cloud technology. Customers get secure portfolio analytics and a double-sided marketplace - built exclusively for financial institutions - that yields unprecedented visibility, distribution and selection, and transaction speed.

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SOURCE ORSNN, Inc.