H.I.G. Growth Partners News

Velocity Solutions Named Partner of the Year by Allied Solutions

FORT LAUDERDALE- February 26, 2018 – Velocity Solutions has been named Allied Solutions’ 2017 Partner of the Year. Allied Solutions created this prestigious award several years ago to recognize its top partners for significant efforts that contribute to the overall success of Allied Solutions. This recognition is to honor an organization that has risen from a solid supplier to a true business partner, adding value in many different areas, from growth and productivity to information flow and operations.

The two companies announced their partnership in November 2015, which provided Allied’s extensive network of financial institutions access to Velocity’s dynamic suite of revenue enhancement products, which includes overdraft management solutions (Intelligent Limit System® and ODM Guardian™), transaction and revenue-driving products (Account Revenue Solution™ and My Rewards™ Premium Cards), account acquisition and referral solutions (Invitation Checking® System), and Velocity’s new short-term, small-dollar loan solution, CashPlease™.

Allied’s Partner of the Year distinction came after a positive Allied management vote, based on criteria such as:

  • Strong Product Offerings for Today’s Marketplace
  • Marketing Efforts
  • Communication/Responsiveness throughout Corporate, Sales, and Support Teams at Allied
  • Partnering at Conferences on the National and Community Levels

“We’re honored to be recognized as Allied’s Partner of the Year,” said Steve Swanston, Executive Vice President of Velocity Solutions. “We know that Allied is very selective and chooses only quality partners with top-tier solutions to help their clients meet their revenue goals and better compete with the big banks. So, we sincerely appreciate and value this distinction.”

“Allied prides itself on working with best-in-class product partners,” said Michael Naughton, SVP of Product Management and Client Services at Allied Solutions. “Velocity Solutions is a great example of a partner that understands the value of quality interactions with our product and sales team, as well as our clients. We are extremely proud to announce them as our 2017 Partner of the Year.”

About Velocity Solutions, LLC
Velocity Solutions® is the leading provider of revenue enhancement solutions to regional and community banks and credit unions. Founded in 1995 and servicing the transaction accounts of over 25 million consumers and business owners, we have unparalleled expertise and insight into deposit account activity and transactional trends. Velocity’s solutions are designed to drive new accounts, increase transactional activity in existing accounts, generate non-interest income, increase account holder retention and address regulatory scrutiny. For more information, please visit www.myvelocity.com.

About Allied Solutions, LLC
Allied Solutions is one of the largest providers of insurance, lending, and marketing products to financial institutions in the US. Allied Solutions uses technology based products and services customized to meet the needs of 4,000 clients along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions maintains over 15 regional offices and service centers around the country and is a subsidiary of Securian Financial Group, Inc. Visit www.alliedsolutions.net to learn more.