Versana announced that Mizuho Americas, part of Mizuho Financial Group, has joined its centralized, real-time digital data platform as a subscriber. Mizuho Americas (“Mizuho”) has become the 14th top-tier financial institution to join Versana and embrace the modernization of the $6 trillion broadly syndicated loan (BSL) asset class. By leveraging Versana’s API-first platform, Mizuho will optimize key aspects of its loan operations to achieve straight-through processing, reduce costs and improve risk-weighted balance sheet management. Mizuho’s adoption of Versana reflects the bank’s ongoing investment in its digital transformation strategy, implementing cutting-edge technologies to deliver best-in-class services for its clients and shareholders. Mizuho is also adopting the Versana Reconciliation Module into its workflows, which electronically matches lenders’ positions to agents’ golden-source position data. This industry-leading solution reduces discrepancies and improves the accuracy of loan positions used in internal accounting, portfolio management and risk management systems across the loan lifecycle. Matthew Wilson, Managing Director at Mizuho said “Versana’s innovative platform enables us to gain transparency and use better quality data to achieve straight-through processing. By materially streamlining operations and strengthening data integrity, we can better serve our global stakeholders with the most timely and highest quality loan data available.”