Global: Monument Bank Partners with Firenze to Expand Lombard Lending Access

Monument Bank has announced a strategic partnership with Firenze, a fintech specializing in Lombard lending for wealth managers. Under the agreement, the UK-based challenger bank has committed £160 million in funding to Firenze, enabling the fintech to broaden its loan offerings beyond private banking clients to a wider range of wealth management firms.

Unlike traditional lending options, Lombard loans are secured against liquid investment assets, offering greater flexibility and competitive interest rates. Notably, this partnership allows clients to access financing without altering their existing custody arrangements.

David Newman, CEO of Firenze, highlighted the strong market demand for Lombard lending, stating, “The demand in the market for Firenze’s Lombard lending offering has far exceeded our expectations, and this facility allows us to meet the growing need for liquidity solutions from non-bank wealth managers and their clients.”

The collaboration marks the beginning of a long-term relationship between the two financial institutions. Wasim Khouri, Chief Commercial Officer at Monument Bank, emphasized the importance of expanding access to Lombard lending, stating, “Lombard lending has long been the preserve of private banks, limiting access for many mass-affluent clients. At Monument, we believe this should change. By collaborating with Firenze, we are bringing Lombard to a wider audience—offering mass-affluent clients liquidity while allowing them to retain control of their investment assets.”

This partnership aligns with Monument Bank’s strategy to provide innovative financial solutions that help clients grow and preserve their wealth.