Case Study: Virgin Money streamlines LIBOR repapering with BRYTER

Virgin Money automates 4,000 LIBOR loans with BRYTER

Virgin Money, a major bank, faced the challenge of transitioning approximately 4,000 commercial loans away from the LIBOR reference rate before the end of 2021. The bank needed an automated solution to handle the immense repapering workload and enlisted Addleshaw Goddard, who used the BRYTER no-code automation platform to address this.

The solution built by Addleshaw Goddard integrated BRYTER with other technologies to fully automate the repapering process end-to-end. This allowed Virgin Money to quickly and easily complete the process, automatically performing due diligence, selecting and populating amendment letters, and managing their electronic signing and return.

Virgin Money