22 June 2017
Total Bank Solutions (TBS), a privately held financial technology firm located in Hackensack, NJ, announced the introduction of their Loan Management System (LMS) integrated with FASTNET from Rockall, to deliver an innovative end-to-end securities-based lending platform that connects lenders seeking high quality, collateralized loans with borrowers requiring convenient access to credit. Through this unique offering, clients will have access to a scalable, straight-through process that supports multi-lender origination, collateral evaluation, monitoring, and loan servicing on a modular basis.
“We are very excited to be able to offer clients a true end-to-end solution to support securities-based lines of credit,” said Kevin Bannerton, Partner TBS. “With Rockall’s proven expertise in collateral management and our executive team’s experience in building SBL platforms and facilitating systems integration, it made complete sense for us to work together on this initiative. As wealth management platforms continue to evolve, there is an increased focus on liability management. Whether you are an independent broker-dealer or a registered investment advisor, there is a growing demand by financial advisors to offer complete lending solutions for their clients. Through this offering, we can now deliver the benefits of a fully integrated SBL platform that, until now, has only been available to organizations that have established a high level of connectivity with their affiliated banks.”
For TBS, offering a securities-based lending product is a natural extension of its flagship FDIC Insured Deposit Program. The Liquidity Management System will connect banks that maintain excess lending capacity with financial intermediaries whose clients have borrowing needs. To ensure a leadership position in the SBLOC market, TBS has hired industry veteran Daniel Babayan as Managing Director-Securities- Based Lending to head the initiative. Dan comes to TBS after having founded and managed a successful consulting practice that specialized in advising both banks and broker-dealers in the design and implementation of SBLOC programs. Prior to starting his consulting firm, Dan helped to create and scale several industry leading SBLOC programs at Merrill Lynch and Wells Fargo Advisors.
For Rockall Technologies, the initiative reflects the firm’s ongoing commitment to delivering innovative collateral management solutions for their clients.
“We are excited to partner with TBS to bring an end-to-end SBL platform to this busy market,” commented Richard Bryce, CEO Rockall. “FASTNET, our SBL-in the-cloud product, is already delivering near-real-time portfolio evaluation and monitoring to banks offering SBL. Combining FASTNET’s rich functionality with TBS’ Loan Management System delivers a powerful and broad platform for organizations seeking to deploy SBL in a rapid and seamless manner.”
Total Bank Solutions (TBS) was founded in 2004 to serve the needs of banks and financial intermediaries. Leveraging proprietary technology, TBS’ FDIC Insured Deposit Program, currently with over $60 billion in assets under administration, is designed to provide their clients with the benefit of extended FDIC insurance and, for their network of over 150 participating banks, a stable, diversified and cost-effective source of deposit funding. The new Securities-Based Loan Platform now enables banks with excess lending capacity the opportunity to connect with clients that have borrowing needs. Through TBS Bank Monitor, TBS offers clients the ability to conduct risk analysis and surveillance of all FDIC-insured institutions through an online subscription service. By providing participants with access to innovative and customized products and services, TBS seeks to deliver solutions to help clients meet their unique funding and investment needs today and position their firms for future success.
For more information about TBS, visit www.totalbanksolutions.com. Rockall Technologies Ltd. is the global expert in collateral management technology for the banking book, enabling many of the world’s top banks to manage over $2 trillion worth of collateral daily, helping them to handle the complexity required to drive high-volume and high-value loan books while safeguarding against risk.
Rockall has 17 years of experience dedicated to collateral management and is included as one of the top 100 risk technology companies in the world in the RiskTech100®, globally acknowledged as the most comprehensive study of the world’s most significant risk and compliance technology companies. Collateral management is all that we do.
For more information about Rockall, visit www.rockall.com
For more information, press only:
Total Bank Solutions, LLC
3 University Plaza, Suite 605 Hackensack, NJ
07601 (201) 373-8747
Rockall Technologies Ltd
Floor 2, Block 1, West Pier Business Campus
Dun Laoghaire, Co Dublin, A96F8C0, Ireland
Tel: +353 1 487 3700; Direct Line: +353 1 487 3791