Allied Solutions Expands Reach With Data Modeling Acquisition
The acquisition of Prescient Models brings new predictive modeling solutions for credit unions.
Allied Solutions announced Tuesday that it acquired the data science and predictive modeling company Prescient Models, headquartered in Santa Fe, N.M.
According to the Carmel, Ind.-based Allied Solutions, one of the largest providers of insurance, lending and risk management companies serving credit unions, the acquisition will provide credit unions with new models to identify opportunities for strategic growth, profitability initiatives and other data-driven solutions.
“Our latest acquisition really moves the needle,” David Hilger, Allied Solutions’ chief strategy and technology officer, said. “The addition of Prescient Models’ capabilities builds on our investments in data, analytics and digital transformation over the last several years. We see now more than ever our financial institution clients seeking better actionable insights as they evolve their organizations, allocate capital and seek sound investment opportunities.”
According to the announcement, Allied Solutions will continue to invest in data solutions that better equip financial institutions to grow, protect and evolve their business. With this new acquisition, Allied can serve financial institutions of any size, including credit union, community bank, finance, large bank and international markets.
”This acquisition is pivotal for us at Allied, allowing us to deliver our clients a holistic enterprise approach to predictive models and one source of truth for profitability,” Hilger said.
The statement from Allied Solutions also said the Prescient Models acquisition will help go beyond simple reporting and visualization that exist in the marketplace and transform analytics into a strategic asset.
“There is a lot of buzz in the market currently about predictive modeling, machine learning and artificial intelligence. We have a long history of innovating and advancing these technologies that can help transform how financial institutions manage their business. Our Scenario A.I. product leverages that latest technology to help organizations proactively identify risks and opportunities and act on them. Being part of the Allied family will really help us bring this game changing technology to market faster,” Prescient Models CEO Joseph Breeden said.
Terms of the acquisition were not included in the announcement.