Partner News
Allied Solutions acquires 50% ownership stake in portfolio analytics software firm Deep Future Analytics (DFA)
FOR IMMEDIATE RELEASE
Allied Solutions acquires 50% ownership stake in portfolio analytics software firm Deep Future Analytics (DFA), to deliver integrated predictive modeling capabilities to Financial Institutions.
Carmel, IN, December 15, 2020 – Allied Solutions, one of the largest providers of insurance, lending, risk management, and data enabled products to Financial Institutions, acquired a 50% stake in DFA effective November 30, 2020. DFA has over 20 years of experience providing best-in-class modeling software for a broad range of forecasting and stress testing applications. This acquisition brings data access, insights, and recommended actions to Financial Institutions who are considering leveraging analytics and predictive modeling to support their business optimization and risk management strategies.
"We are really excited about this new acquisition," said David Hilger, Allied Solutions’ Chief Strategy and Technology Officer, “now more than ever, Financial Institutions need to quickly understand how changes in the economy or planning assumptions can impact their business. It’s vital to not look just backwards at reporting that tells you what happened, but to enable a proactive look forward at a range of options to make strategic decisions. DFA’s patented loan level models provide the foundation to understand portfolios and optimize pricing, risk mitigation and so much more. Integrating the DFA technology into Allied Solutions products and services will greatly enhance our value proposition.”
Clients have the opportunity to connect with an expanded data ecosystem and receive recommended actions based on select criteria and individual business challenges. Suggestions on product diversification, sales strategy, collections, acquisition analysis and operational optimization, down to very specific needs like CECL compliance, make this a mission critical platform for enterprise analytics.
“Joining the Allied family makes a lot of sense for us, and we know that we can grow even faster and extend our reach to all credit unions and community banks in the U.S. At a time when having the closest thing to a crystal ball is invaluable, we know we can help the financial services industry navigate the road ahead. Allied is an outstanding partner to help us scale our data intelligence in a format that is actionable in real-time with real solutions that are ready to go, it’s the perfect combination” commented Joseph Breeden, DFA, CEO.
Both Allied Solutions and DFA look forward to delivering these valuable services to financial institutions.
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Media Contact
Amy Hearn
amy.hearn@alliedsolutions.net
972-447-3703
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