Metropolitan Capital Bank & Trust selected IDS ABL to support its small to medium business customers in accessing working capital through a technology platform. The selection of IDS ABL (formerly Stucky ABLM) aligns with the bank’s focus on supporting customers through finance solutions supported by technology.
“Metropolitan Capital has an eye on the future,” Kimberly Haney, executive vice president and head of credit administration for Metropolitan Capital, said. “We consider our partnership with IDS to be a part of our strategic plan to expand our abilities to service our clients. When we made the decision to enter the ABL market, we decided to partner with the best. IDS has a long history of being the leading provider of ABL collateral management services. We look forward to many years of working with IDS.”
Metropolitan Capital is a boutique universal bank providing solutions for small to medium-sized businesses and their stakeholders through private banking, wealth consulting, commercial banking and investment banking services.
“IDS is excited to be working with the innovative team at Metropolitan Capital,” David Hamilton, CEO of IDS, said. “We recognize small to medium businesses are core to both local and global economies, which is why we work hard to make our solutions scalable and accessible to meet the demands of all financing firms and their customers. Partnering with forward-looking banks like Metropolitan Capital has been central to our continued success and further reinforces our ability to drive value for customers across the secured finance spectrum.”
IDS acquired William Stucky and Associates in February and is migrating ABL and factoring solutions to IDScloud, a SaaS technology platform supporting the needs of the secured finance industry.
