Overview

The Covenant Tracking Agent is used by banks, credit unions, fintechs, and private credit organizations to augment their risk management practice. Through the Agent, risk teams can query information about the maturing loan catalog in a consistent and efficient manner.

Covenants written into credit approval memos are interpreted and logged by the Agent to be tracked. Through the Uptiq Data Gateway, the borrowing business can directly connect their financial backends, to replace the requirement of providing tax documents and interim financials throughout the life of the loan. The Agent will learn and know whether the financial data from the business is meeting the expectations of the lender and can alter the risk team when it is outside of their tolerance levels. Teams will be able to have a pulse on more borrowers without having to hire additional risk analysts to remain confident in their tracking.