Nashville, TN, September 07, 2017 --(PR.com
)-- BancList (www.banclist.com), the online service that allows shareholders of privately held community banks to create listings of intent to buy and sell shares, has formed a sales, marketing, and product agreement with Stackfolio (www.stackfolio.com), the online marketplace for loan trading and recent winner of the 2017 Google Demo Day judge's favorite award. Stackfolio provides an integrated data research platform that enables financial institutions to make sophisticated trading decisions and boost loan growth and net interest income with its data research platform.
BancList will leverage Stackfolio's financial scorecard to allow banks and shareholders see current quantitative financial information.
"Privately held banks, shareholders and prospective shareholders want to see as much factual information as they can without having to dig for it," said Peter Scully, BancList's CEO. "Stackfolio provides cutting edge technology for our client banks to accomplish this," he added.
Atlanta-based Stackfolio has attracted the attention of top investors, including and AOL co-founder Steve Case, who committed to invest 20 percent of Stackfolio's current round of capital raising. Investors have expressed excitement about the online marketplace for loan trading, which is designed to optimize loan portfolio decisions.
Stackfolio analyzes multiple financial data points that provide tailored recommendations based on machine learning and artificial intelligence technology. The platform offers tiers (with fees based on asset size) to include full data access analytics, transaction simulations, along with a number of other loan trading and data research features.
"We are extremely excited about our partnership with Banclist," says CEO Pavleen Thukral. "We had the opportunity to speak with Banclist clients and they are very impressed with their platform capabilities. Based on that research, we believe our services and direct integration will compliment each other resulting in value-add to our respective client base."
Stackfolio and BancList will have a combined client roster of more than 600 banks across 49 states.