CARMEL, Ind.—Allied Solutions, a provider of insurance, lending, risk management, and data driven solutions, reported it is investing in Rate Reset.
Washington, D.C.-based Rate Reset provides a digital selling platform that the company says aids financial institutions in enhancing the consumer experience by “shifting the power of lending decisions into the hands of the consumer, while boosting productivity and efficiency for the lender.”
“This is our fourth technology investment in the last 18 months and a key piece we needed to advance Allied’s aggressive digital growth strategy,” said Michael Bryan, Allied vice president of digital and data strategy. “Rate Reset’s digital selling platform has demonstrated success in the financial institution space and combined with our data science capabilities and robust product offerings, we can expand the digital solutions we provide to our clients and ultimately grow their business and bottom line.”
The investment officially closed on June 3, 2022. Allied Solutions will occupy a seat on the board of directors for Rate Reset, Allied Solutions said.
‘Proven Innovator’
“Allied Solutions is a proven innovator in financial services. As Rate Reset initiates its next phase of growth, we are pleased to expand our existing strategic relationship,” added Keith Kelly, CEO of Rate Reset. “Through this new strategic investment, we will leverage the many strengths that Allied and its affiliates bring to the industry to capitalize on exciting new opportunities and advance a shared vision for Rate Reset’s future.”
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