LendKey, the pioneer of digital network lending, and Thomas Ho Company, a leading balance sheet management platform, today announced a partnership to add a highly specialized asset-liability management toolkit to ALIRO, LendKey’s loan trading and participation platform.
Built upon years of loan origination and syndication experience, ALIRO allows financial institutions to buy and sell whole loans and loan participations in either one-time transactions or forward flow programs across any asset class. The new collaboration enhances ALIRO functionality providing more thorough pre-trade diligence and analysis to maximize profitability by evaluating both trade opportunities and funding strategies.
“This partnership provides our clients with the tools needed to make more informed, strategic loan trading decisions,” said Vince Passione, CEO and Founder of LendKey. “ALIRO now empowers its clients to quickly and easily assess a loan purchase or sale opportunity by previewing its impact on their balance sheet and key performance ratios.”
The addition of Thomas Ho’s balance sheet optimization ensures financial institutions are executing optimal trade strategies that move them closer to their target profile with trade-ready deals on the ALIRO platform. “Trading strategies are developed, refined, and executed, all within the ALIRO platform,” explained Passione.
Dr. Thomas Ho, Founder of Thomas Ho Company, added, “Our two companies have complementary technologies that meet the current, urgent needs of community banks and credit unions. We connect capital markets products and balance sheet management in one seamless decision-making process. No one else currently provides a total solution like this.”
To showcase the power of the ALIRO collaboration, LendKey and THC are hosting a demo webinar on August 2 at 2:00 p.m. EST. Following the webinar, credit unions will receive a free, custom report that leverages actual credit union data (from 5300 reports), Aliro's live loan offerings, and THC's Optimization technology to illustrate how we can help maximize profitability on each transaction to achieve your target balance sheet profile. Register today at marketing.lendkey.com/aliro.
This partnership is the latest example of growing collaboration between fintechs to help credit unions and community banks build healthy balance sheets and better serve their consumers. The combination of best-in-class asset evaluation analytics, trade execution, and investor reporting and remittance makes loan sales and participations easier, safer, and faster for financial institutions of any size seeking to add yield or access liquidity, building the best community financial institution ecosystem.