Allied Solutions acquires CU Direct’s Lending Insights platform
Allied Solutions is making its solutions stronger, especially for credit unions.
Last week, one of the largest providers of insurance, lending, risk management, and data driven solutions to financial institutions announced the acquisition of CU Direct’s Lending Insights platform.
The company explained this strategic move will strengthen Allied’s vision to harness the power of collaborative analytics to deliver transformative insights to credit unions.
According to a news release, the Lending Insights platform will now become part of a larger data ecosystem.
“Allied Solutions has invested heavily in data science and we are committed to delivering best-in-class analytics technology that provides credit unions a singular enterprise perspective on members, yield, risk, and profitability,” Allied Solutions chief strategic officer Dave Hilger said.
“In servicing the credit union marketplace for over 40 years, Allied has pioneered and delivered solutions to help clients stay ahead of the competition, and this latest investment in Lending Insights is no exception,” Hilger continued.
CU Direct chief operating officer Bob Child added these perspectives in the news release.
“We are extremely excited for Allied to take full ownership and ongoing development of the Lending Insights platform,” Child said. “They are making huge investments into the data analytics space bringing on services that can provide credit union clients with unprecedented capabilities and the Lending Insights platform is a nice addition.
“We also share a similar culture and approach to business as Allied, so this deal just makes sense on many levels. We know our Lending Insights clients will be in great hands,” Child went on to say.