The digital bank is planning to invest into notes issued by CrossLend Securities SA, utilising the lender’s whole loan securitisation product.
“Using the CrossLend platform as a means to easily diversify our European portfolio in a standardised way has advantages for us over direct loan investments, in several ways,” said Pedro Pinto Coelho, CEO of Banco BNI Europa.
“As a FinTech-driven bank, we seek to position ourselves in the most scaleable way. With its tech-driven securitisation product, CrossLend supports our growth and diversification. Over the last few years, we have successfully built a network of FinTech partnerships, in order to benefit from the speedy developments in the financial ecosystem in the smartest possible way. We also aim to expand our partnership with CrossLend in the near future.”
This latest connection is the fifteenth partnership established by Banco BNI Europa with fintechs across Europe. Other recent deals included partnerships with crowdfunding lender Fellow Finance, and Belgian marketplace lender Ebedex.
Commenting on the news, CrossLend CEO Oliver Schimek said: “We are very appreciative of the partnership with Banco BNI Europa. They are a great example of a highly efficient, modern bank. CrossLend aims to act as a partner to banks looking to actively manage their balance sheet, either by buying or selling exposure to loans.
“To investors, we can offer a broad selection of investable assets. Onboarding Banco BNI Europa as a further partner on our platform is confirmation of the value we can bring to established financial institutions.”