CARMEL, Ind.—Allied Solutions, a provider of insurance, lending, risk management, and data enabled products to financial institutions, has acquired data modeling capabilities from Prescient Models.
According to Allied, the acquisition provides financial institutions with industry-leading models to identify opportunities for strategic growth, risk management, portfolio and profitability initiatives, and compliance.
Allied said it will continue to invest in data solutions that better equip financial institutions to grow, protect and evolve their business. It further said the new acquisition will allow it to serve financial institutions of any size, including credit union, community bank, finance, large bank, and international markets.
"Our latest acquisition really moves the needle," said David Hilger, Allied Solutions’ chief strategy and technology officer. “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. 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.”
‘A Lot of Buzz’
Allied said the acquisition goes beyond “simple reporting and visualization that exist in the market today and transforms analytics into a strategic asset. Built and supported by a team of Ph. Ds, Prescient Models delivers patented, validated models that have been pressure-tested across the world.”
“There is a lot of buzz in the market currently about predictive modeling, machine learning, and artificial intelligence,” said Joseph Breeden, CEO of Prescient Models. “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.”