TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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August 17, 2023
Source: PNC
Exclusive online loan marketplace, powered by Community Capital, will expand client loan market access and liquidity management
PITTSBURGH, Aug. 16, 2023 /PRNewswire/ -- PNC FIG Advisory, part of PNC Capital Markets LLC, today announced an expansion to its client offerings through the introduction of PNC Asset Exchange, an online loan resource and marketplace for financial institutions. PNC Asset Exchange is powered by Community Capital Technology Inc.'s ("Community Capital") loan marketplace and business intelligence platform and will provide PNC's financial institution clients with a more efficient, effective way to optimize their loan portfolios.
PNC Asset Exchange will enable clients to more easily place and source loans in the secondary markets, as well as find new credit opportunities. Unlike other loan trading platforms, the new marketplace offers customized advice from PNC FIG Advisory's team of seasoned traders to help customers experience greater success. Whether the client is a seller looking to manage asset concentrations and liquidity, or a loan buyer seeking to diversify asset classes or enhance yield, the digital community of vetted financial institution members and loan opportunities provides a seamless solution for managing balance sheet risks and returns. For all activity types, the institution's identity can remain anonymous until a nonbinding bid is accepted and the due diligence process begins.
"The introduction of PNC Asset Exchange reflects our commitment to expanding our capital markets capabilities and investing in solutions our clients need to meet their evolving strategic needs," said Charlotte McLaughlin, president and CEO of PNC Capital Markets. "Leveraging Community Capital's online marketplace and PNC's trusted advisory services, we've coupled efficiency with expertise to bring a cutting-edge solution to the market."
PNC Asset Exchange provides member institutions the tools and information to quickly find and connect with nationwide proprietary deal flow and counterparties, as well as receive customized transaction level guidance to optimize results. The platform also includes the ability to create customized preferences that automatically identify and match members to relevant transactions, ensuring high-quality connections on deal opportunities and counterparties.
"PNC Asset Exchange combines great technology, real-time market insights, price discovery, diversified deal flow and counterparties, and experienced transactional support in one streamlined, easy-to-use platform," said Brian DeRespiris, COO of PNC Capital Markets and head of FIG Advisory and Institutional Fixed Income Sales. "By acting on timely and strategic recommendations, our clients can more effectively achieve their growth and liquidity objectives."
"We are energized by the opportunity to work with the innovative team at PNC FIG Advisory in delivering a market-defining technology and service solution," said Garrett Smith, CEO and founder of Community Capital. "Our company's mission is to drive greater efficiency and liquidity across the loan markets, and offer our existing network of banks, credit unions, asset managers and loan originators frontline access to an even larger ecosystem of sourcing and distribution partners."
PNC FIG Advisory is a marketing name of PNC Capital Markets LLC, a FINRA registered broker-dealer, that offers a comprehensive suite of strategic, customized solutions to community banks and thrifts nationwide, including balance sheet management, strategic planning, investment banking and capital markets services. PNC FIG Advisory's issuance platform and broad distribution network seeks to allow banks of all sizes to access the capital markets.
About Community Capital Technology Inc.
Community Capital is a digital platform for optimizing the management of loan portfolios. CCT's loan transaction marketplace provides Regional Banks, Community Banks, Credit Unions, and other non-bank originators or credit investors, a simpler, more cost effective and transparent way to buy, sell, source and/or participate loans. Member firms efficiently find relevant opportunities or partners, actively manage balance sheet risk, and drive returns, resulting in better access to capital for their clients and communities. For further information, visit: www.communityct.com.
About PNC Capital Markets LLC
PNC Capital Markets LLC is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
CONTACT:
Christina Figg
(214) 871-1259
christina.figg@pnc.com
PITTSBURGH, Aug. 16, 2023 /PRNewswire/ -- PNC FIG Advisory, part of PNC Capital Markets LLC, today announced an expansion to its client offerings through the introduction of PNC Asset Exchange, an online loan resource and marketplace for financial institutions. PNC Asset Exchange is powered by Community Capital Technology Inc.'s ("Community Capital") loan marketplace and business intelligence platform and will provide PNC's financial institution clients with a more efficient, effective way to optimize their loan portfolios.
PNC Asset Exchange will enable clients to more easily place and source loans in the secondary markets, as well as find new credit opportunities. Unlike other loan trading platforms, the new marketplace offers customized advice from PNC FIG Advisory's team of seasoned traders to help customers experience greater success. Whether the client is a seller looking to manage asset concentrations and liquidity, or a loan buyer seeking to diversify asset classes or enhance yield, the digital community of vetted financial institution members and loan opportunities provides a seamless solution for managing balance sheet risks and returns. For all activity types, the institution's identity can remain anonymous until a nonbinding bid is accepted and the due diligence process begins.
"The introduction of PNC Asset Exchange reflects our commitment to expanding our capital markets capabilities and investing in solutions our clients need to meet their evolving strategic needs," said Charlotte McLaughlin, president and CEO of PNC Capital Markets. "Leveraging Community Capital's online marketplace and PNC's trusted advisory services, we've coupled efficiency with expertise to bring a cutting-edge solution to the market."
PNC Asset Exchange provides member institutions the tools and information to quickly find and connect with nationwide proprietary deal flow and counterparties, as well as receive customized transaction level guidance to optimize results. The platform also includes the ability to create customized preferences that automatically identify and match members to relevant transactions, ensuring high-quality connections on deal opportunities and counterparties.
"PNC Asset Exchange combines great technology, real-time market insights, price discovery, diversified deal flow and counterparties, and experienced transactional support in one streamlined, easy-to-use platform," said Brian DeRespiris, COO of PNC Capital Markets and head of FIG Advisory and Institutional Fixed Income Sales. "By acting on timely and strategic recommendations, our clients can more effectively achieve their growth and liquidity objectives."
"We are energized by the opportunity to work with the innovative team at PNC FIG Advisory in delivering a market-defining technology and service solution," said Garrett Smith, CEO and founder of Community Capital. "Our company's mission is to drive greater efficiency and liquidity across the loan markets, and offer our existing network of banks, credit unions, asset managers and loan originators frontline access to an even larger ecosystem of sourcing and distribution partners."
PNC FIG Advisory is a marketing name of PNC Capital Markets LLC, a FINRA registered broker-dealer, that offers a comprehensive suite of strategic, customized solutions to community banks and thrifts nationwide, including balance sheet management, strategic planning, investment banking and capital markets services. PNC FIG Advisory's issuance platform and broad distribution network seeks to allow banks of all sizes to access the capital markets.
About Community Capital Technology Inc.
Community Capital is a digital platform for optimizing the management of loan portfolios. CCT's loan transaction marketplace provides Regional Banks, Community Banks, Credit Unions, and other non-bank originators or credit investors, a simpler, more cost effective and transparent way to buy, sell, source and/or participate loans. Member firms efficiently find relevant opportunities or partners, actively manage balance sheet risk, and drive returns, resulting in better access to capital for their clients and communities. For further information, visit: www.communityct.com.
About PNC Capital Markets LLC
PNC Capital Markets LLC is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
CONTACT:
Christina Figg
(214) 871-1259
christina.figg@pnc.com
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