FORT LAUDERDALE, Florida–(BUSINESS WIRE)–Velocity Solutions announces that Allied Solutions has added the Akouba® and Akouba® Micro digital lending platforms to its partnership portfolio, providing access to the platforms to its extensive network of financial institutions. Velocity and Allied Solutions have had a strategic partnership since 2015 to provide user-friendly, compliant solutions to financial institutions and their account holders across the country.
Akouba® is a cloud-based, SaaS business lending platform that streamlines the end-to-end application process, delivering a superior experience for commercial borrowers and loan officers. Akouba® Micro is an automated, digital business microcredit platform, the newest addition to Velocity’s lending solutions for banks and credit unions. Akouba Micro’s automated process does not use a credit score to determine loan eligibility, but the system calculates the borrower’s ability to repay the loan based on their transactional account history and other alternative data types.
“We are excited to add these platforms to our portfolio of Allied Solutions partnerships,” said Mike Triggiano, Velocity’s executive vice president, product management and corporate development. “Our technology, products and platforms align perfectly with Allied’s breadth of solutions, and we are excited to expand our relationship and continue to deliver innovative, responsible and revenue-driving products to the banking market. .”
“The opportunity to bring Akouba® to market couldn’t have come at a better time,” said Traci Mottweiler, 2n/a Vice President of Product Management, Allied Solutions. “With the fluctuating economic landscape, it is important that we offer our customers solutions that meet their needs and help them meet the demands of their consumers. This new digital lending platform will be able to provide much-needed liquidity to business account holders through a simple and fast channel – this agility is what makes this program stand out from the rest,” said Mottweiler.
To learn more about adding Akouba® and Akouba® Micro as a product offering at your financial institution or for a free demonstration, please contact your Allied Solutions representative. Or visit: www.myvelocity.com/DigitalBusinessLending.
About Velocity Solutions, LLC
Founded in 1995 and serving the transaction accounts of more than 30 million consumers and business owners, Velocity Solutions is the leading provider of technology solutions that drive revenue, service and compliance for community banks and cooperatives in credit. Our Velocity Intelligent Platform® powers all Velocity solutions, using machine-driven intelligence that delivers powerful analytics, manages risk, and drives revenue, lending, account holder engagement, and non-interest revenue for our client financial institutions. For more information, please visit myvelocity.com.
About Allied Solutions
Allied Solutions is a leading provider of insurance, lending, risk management and data solutions to financial institutions. Allied Solutions uses custom technology solutions to meet the needs of 4,000 customers along with a portfolio of innovative products and services from a wide variety of vendors. Allied Solutions is headquartered in Carmel, Indiana, with regional offices in Florida, Minnesota, South Dakota and Texas. Allied Solutions is a wholly owned and independently operated subsidiary of Securian Financial Group. Visit alliedsolutions.net to learn more.