H.I.G. Growth Partners News

Velocity Expands Strategic Sales Team to Support Increased Market Demand for Digital Banking Solutions

FORT LAUDERDALE, FL – March 11, 2019 – Responding to a steady increase in market growth and demand for digital banking solutions, Velocity Solutions, LLC, the leading provider of revenue enhancement solutions to regional and community financial institutions, announced the expansion of its Strategic Sales Team, including the addition of four new strategic account managers.

Officially headquartered in Velocity Solutions’ Nashville, Tenn. offices, this newly expanded division will specialize in sales of two of the company’s key solutions: Intelligent Limit System® (ILS), Velocity’s industry-leading overdraft management program, and CashPlease®, the provider’s short-term, small-dollar consumer loan platform.

ILS provides financial institutions the critical tools and features they need to effectively manage their overdraft services as a line of business. The CashPlease® platform provides banks and credit unions with an efficient solution that gives them the ability to offer account holders access to easy, responsible small-dollar loans at affordable rates to meet their evolving needs.

“With the rapid increase in demand for our overdraft and short-term lending solutions, it was important for us to ensure that we had the capability and capacity to serve all community banks and credit unions, regardless of their size or location,” said Steve Swanston, Executive Vice President with Velocity Solutions. “This centralized group will allow us to readily serve prospective clients in all 50 states, quickly and effectively.”

To learn more about Velocity’s programs and services, visit www.myvelocity.com.

About Velocity Solutions, LLC
Founded in 1995 and servicing the transaction accounts of over 30 million consumers and business owners, Velocity Solutions has unparalleled expertise in using data to optimize revenue, risk and service for banks and credit unions. Velocity’s solutions use the power of digitization and big data to drive new accounts, generate new non-interest income, responsibly offer overdraft services, digitize consumer and business lending, and manage risk and compliance. For more information, please visit www.myvelocity.com.