Germany’s Federal Association of Loan Purchase and Servicing (BKS) has welcomed a new member: CrossLend. The Berlin-based FinTech is looking forward to contributing its knowledge and experience to the association. CrossLend operates a pan-European platform for loan trading transactions as well as providing digital end-to-end solutions to facilitate loan asset transactions and loan-backed securitisation for lenders and investors alike.
CrossLend’s entry into the BKS reflects the growing role digital technologies play in the association’s realm of activity. Positioned in the European market as a technology provider in the areas of data processing and management, data analytics and settlement of credit transactions, CrossLend offers its services to lenders and investors alike. Its marketplace furthermore enables institutional investors to efficiently find and settle loan portfolio transactions in alignment with their business aims. Asset classes processed via the platform include SME, consumer and real estate loans as well as factoring receivables.
“In joining the BKS, we are looking forward to pooling our knowledge, experience and contacts. CrossLend is a supporter of all market participants who, like us, are striving to establish a pan-European debt marketplace through the implementation of common industry standards,” says Marco Hinz, Chief Operating Officer of CrossLend GmbH.
According to Jürgen Sonder, President of BKS: “CrossLend is a dynamic and innovative company which, with its core competence in financial technology, enriches our organisation in its role as a knowledge platform and industry association for investors and servicers of loan portfolios.”
About the BKS
The Federal Association of Loan Purchase and Servicing (Bundesvereinigung Kreditankauf und Servicing or BKS) was founded in 2007 and campaigns at the political level on matters related to debt trading. Based in Berlin, it represents the interests of its currently 33 member companies, all of whom are active in loan portfolio transactions at both the national and international level. The BKS is on Germany’s “public list of registered associations and their representatives”.
CrossLend is a FinTech company that provides full spectrum technology for loan asset transactions. Its mission is to make the world’s lending and investment ecosystem more efficient, transparent, and profitable. Supervised by BaFIN and CSSF, CrossLend is backed by an array of prestigious equity investors from Europe and the US, including Mouro Capital (formerly Santander InnoVentures), Lakestar, CME Ventures, Earlybird, ABN AMRO’s Digital Impact Fund, and the Luxembourg Future Fund (EIF and SNCI). For more information, visit crosslend.com
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