Cync Software announced the launch of a securities-based lending (Cync SBL) solution, which has been in use for over a year with a Virginia-based bank. It is now available to financial institutions nationwide.
It’s 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, in a statement.
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 SBL, they can swiftly extend credit against a wide range of marketable securities.
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.