Sandler O’Neill to Partner with Orchard Platform to Provide Banking Clients with Online Lending Market Data and Analytics
Orchard to provide Sandler O’Neill and its clients with access, data, analytics and insight to the online lending industry
New York, NY – (December 6, 2016) – Orchard Platform, the leading technology and data provider for the online lending space, today announced that it has entered into an agreement with Sandler O’Neill + Partners, L.P., a full-service investment banking firm and broker-dealer focused on the financial services sector. Under the terms of the agreement, Sandler O’Neill will make Orchard’s full suite of products and services available to its broad group of bank and specialty finance relationships.
Orchard provides an integrated platform that empowers online loan originators and investors with access to a variety of web-enabled tools, including market data, benchmarking, investor reporting, portfolio analytics, and cash flow simulators, as well as capital markets software. Recently, banks have announced a variety of partnerships with fintech companies. By working together, Orchard and Sandler O’Neill will enable a broad range of depository institutions and specialty finance companies to evaluate and monitor the many opportunities in the online lending market today.
“Over the last 28 years, Sandler O’Neill has forged strong relationships with community banks, thrifts, and similar financial institutions by keeping them abreast of unique, compelling investment opportunities and innovative products to help them evaluate those opportunities,” said Jon Doyle, Senior Managing Principal of Sandler O’Neill. “We are excited to have the opportunity to offer our clients Orchard’s industry expertise and suite of products, which will provide them with an efficient way of evaluating the various methods of participating in online lending.”
“Partnering with Sandler O’Neill gives us the opportunity to demonstrate our unique capabilities to a broad range of depository institutions,” said Orchard’s Chief Commercial Officer Bill Ullman. “Banks are increasingly looking for ways to participate in online lending, but figuring out where to start can be a challenge. Our solutions offer a range of tools and services ideally suited to Sandler O’Neill’s clients.”
Orchard is the leading provider of technology and data to the online lending industry, powering the interaction between institutional investors and loan originators. Founded in New York City in 2013, Orchard’s mission is to build the systems and standardize the data that will allow online lending to efficiently grow into a global financial market. Orchard provides products and services to investors that enable them to understand, access, and execute online lending investments, including Market Data, Reporting, and a powerful Order Management System. Orchard offers originators access to a diverse group of institutional investors who use Orchard to purchase online lending assets. A single integration using Orchard’s proprietary approach to data standardization enables end-to-end marketplace support through Investor Awareness, Education & Insights, and Data Integrity & Transparency products. Orchard has been named to Forbes Next Billion Dollar Startups list, produces the Orchard US Consumer Marketplace Lending Index — the only industry-wide benchmark distributed on the Bloomberg Professional service — and is recognized for its technical and analytical thought leadership as explored on its blog. For more information, visit www.orchardplatform.com.
About Sandler O’Neill
Founded in 1988, Sandler O’Neill + Partners, L.P. is a full-service investment banking firm dedicated to providing comprehensive, innovative advisory and transaction execution services to the financial industry. The firm specializes in strategic business planning, mergers and acquisitions, capital markets, mutual to stock conversions, investment portfolio and interest rate risk management, fixed income securities transactions, and mortgage finance restructurings. Sandler O’Neill also is a market maker in hundreds of financial stocks and publishes equity research focused on selected banks, thrifts and insurance companies, investment banks, asset managers, specialty finance companies, e-finance companies, real estate investment trusts, and financial technology companies. For additional information, please visit www.sandleroneill.com