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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February 5, 2025
Source: PRWeb
Cync Securities-Based Lending enables financial institutions to swiftly lend against a diverse range of domestically and internationally traded marketable securities, including stocks, funds, and bonds. With actionable insights and advanced risk mitigation tools, financial institutions can confidently navigate market volatility while optimizing portfolio management and loan operations through a fully integrated loan servicing module.
TAMPA, Fla., Feb. 5, 2025 /PRNewswire-PRWeb/ -- Cync Software, a leading provider of cutting-edge lending solutions for banks, credit unions, and other financial institutions, announced the launch of Cync Securities-Based Lending (Cync SBL) solution. With this launch, the solution, which has already demonstrated its success for over a year with a prominent Virginia-based bank, is now available to financial institutions nationwide. The comprehensive solution is designed to help financial institutions accelerate lending against domestic and international marketable securities while equipping them with advanced tools to mitigate risks and enhance operational efficiency. Cync SBL enables lenders to offer borrowers swift access to capital against a broad range of marketable securities—including stocks, Exchange-Traded Funds (ETFs), mutual funds, bonds, money market instruments, and Real Estate Investment Trusts (REITs)—as collateral.
"Lenders are increasingly turning to securities-based lending to diversify revenue streams and attract high-net-worth clients seeking quick access to capital without liquidating their assets. With Cync Securities-Based Lending, they can swiftly extend credit against a wide range of marketable securities while overseeing and optimizing the collateral portfolio to ensure risk mitigation, regulatory compliance, and efficient loan operations," said Jennifer Ballard, Director of Client Services at Cync Software.
Cync SBL offers several key benefits for financial institutions, addressing the challenges of market volatility, borrower defaults, and asset concentration, while ensuring efficient operations and improved decision-making. Cync Securities-Based Lending will deliver the following benefits:
Expand Lending Potential with a Diverse Range of Collateral: By allowing borrowers to pledge a wide variety of marketable securities, including stocks, ETFs, mutual funds, bonds, money market instruments, and REITs, Cync SBL enables lenders to extend larger loans and broaden their lending portfolio.
Faster and More Accurate Underwriting: Cync SBL equips loan advisors with tools to accurately assess credit limits against a broad spectrum of marketable securities. With streamlined processes and data-driven insights, lenders can expedite underwriting decisions, ensuring quicker loan approvals and faster access to funds for borrowers.
Advanced Risk Mitigation and Monitoring: The solution enables lenders to set Loan-to-Value (LTV) ratios both at the asset class and individual asset levels in line with risk policies. By enforcing maximum price limits, financial institutions can automatically exclude ineligible assets from the credit limit. Moreover, with portfolio monitoring at both individual and overall portfolio levels, financial institutions can identify borrowers approaching LTV thresholds or in default and mitigate concentration risk across their portfolio.
Lend Against a Broader Range of Asset Types: For borrowers with assets beyond marketable securities, Cync SBL integrates seamlessly with Cync's Asset-Based Lending (Cync ABL) solution, enabling financial institutions to extend credit against a variety of assets, such as accounts receivable, inventory, real estate, and government contracts.
Complete End-to-End Solution for Securities-Based Lending: Lenders can simplify the onboarding process and enhance the borrower's experience with the Cync Loan Origination System (Cync LOS). Additionally, banks can streamline the tracking of balances, interest calculations, and payment processing with Cync's loan servicing module or by integrating Cync SBL with their core banking systems.
To know more, please visit: Cync Securities-Based Lending
About Cync Software
Based in Tampa, Florida, Cync Software has been delivering innovative lending solutions to banks, credit unions, and financial institutions for over two decades. Designed by seasoned finance professionals, Cync Software's cutting-edge, data-driven solutions are crafted to revolutionize lending. With a user-centric design, Cync Software utilizes advanced technologies like artificial intelligence, cloud computing, and API-first architecture to supercharge lending processes and drive exceptional results.
Visit https://www.cyncsoftware.com/ to discover how Cync Software can revolutionize lending at your financial institution.
Media Contact
Lydia Taylor, Cync Software, 1 855-367-2962, info@cyncsoftware.com, https://www.cyncsoftware.com/
TAMPA, Fla., Feb. 5, 2025 /PRNewswire-PRWeb/ -- Cync Software, a leading provider of cutting-edge lending solutions for banks, credit unions, and other financial institutions, announced the launch of Cync Securities-Based Lending (Cync SBL) solution. With this launch, the solution, which has already demonstrated its success for over a year with a prominent Virginia-based bank, is now available to financial institutions nationwide. The comprehensive solution is designed to help financial institutions accelerate lending against domestic and international marketable securities while equipping them with advanced tools to mitigate risks and enhance operational efficiency. Cync SBL enables lenders to offer borrowers swift access to capital against a broad range of marketable securities—including stocks, Exchange-Traded Funds (ETFs), mutual funds, bonds, money market instruments, and Real Estate Investment Trusts (REITs)—as collateral.
"Lenders are increasingly turning to securities-based lending to diversify revenue streams and attract high-net-worth clients seeking quick access to capital without liquidating their assets. With Cync Securities-Based Lending, they can swiftly extend credit against a wide range of marketable securities while overseeing and optimizing the collateral portfolio to ensure risk mitigation, regulatory compliance, and efficient loan operations," said Jennifer Ballard, Director of Client Services at Cync Software.
Cync SBL offers several key benefits for financial institutions, addressing the challenges of market volatility, borrower defaults, and asset concentration, while ensuring efficient operations and improved decision-making. Cync Securities-Based Lending will deliver the following benefits:
Expand Lending Potential with a Diverse Range of Collateral: By allowing borrowers to pledge a wide variety of marketable securities, including stocks, ETFs, mutual funds, bonds, money market instruments, and REITs, Cync SBL enables lenders to extend larger loans and broaden their lending portfolio.
Faster and More Accurate Underwriting: Cync SBL equips loan advisors with tools to accurately assess credit limits against a broad spectrum of marketable securities. With streamlined processes and data-driven insights, lenders can expedite underwriting decisions, ensuring quicker loan approvals and faster access to funds for borrowers.
Advanced Risk Mitigation and Monitoring: The solution enables lenders to set Loan-to-Value (LTV) ratios both at the asset class and individual asset levels in line with risk policies. By enforcing maximum price limits, financial institutions can automatically exclude ineligible assets from the credit limit. Moreover, with portfolio monitoring at both individual and overall portfolio levels, financial institutions can identify borrowers approaching LTV thresholds or in default and mitigate concentration risk across their portfolio.
Lend Against a Broader Range of Asset Types: For borrowers with assets beyond marketable securities, Cync SBL integrates seamlessly with Cync's Asset-Based Lending (Cync ABL) solution, enabling financial institutions to extend credit against a variety of assets, such as accounts receivable, inventory, real estate, and government contracts.
Complete End-to-End Solution for Securities-Based Lending: Lenders can simplify the onboarding process and enhance the borrower's experience with the Cync Loan Origination System (Cync LOS). Additionally, banks can streamline the tracking of balances, interest calculations, and payment processing with Cync's loan servicing module or by integrating Cync SBL with their core banking systems.
To know more, please visit: Cync Securities-Based Lending
About Cync Software
Based in Tampa, Florida, Cync Software has been delivering innovative lending solutions to banks, credit unions, and financial institutions for over two decades. Designed by seasoned finance professionals, Cync Software's cutting-edge, data-driven solutions are crafted to revolutionize lending. With a user-centric design, Cync Software utilizes advanced technologies like artificial intelligence, cloud computing, and API-first architecture to supercharge lending processes and drive exceptional results.
Visit https://www.cyncsoftware.com/ to discover how Cync Software can revolutionize lending at your financial institution.
Media Contact
Lydia Taylor, Cync Software, 1 855-367-2962, info@cyncsoftware.com, https://www.cyncsoftware.com/
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