Cync Software, a provider of lending solutions to banks, credit unions and other financial institutions, launched Cync Syndicated Lending, a cloud-native solution designed to automate servicing of both syndicated and participation loans.
The automated solution aims to enable lead arrangers and agents to reduce time spent on asset monitoring and participant and loan management while also enabling analysts to handle more portfolios. The solution is immediately available to all financial institutions in the United States.
“Many of our asset-based lending clients are aiming to secure larger loan opportunities and higher volumes while mitigating risks in today’s high-interest environment,” Jennifer Ballard, director of client services at Cync Software, said. “They’ve expressed a strong interest in entering or expanding syndicated lending. Cync Syndicated Lending is designed for financial institutions constrained by manual systems, as well as those seeking a modern solution to enter this lucrative market.”
