Press

AffirmX reaches a key milestone of growth and national penetration

FREDERICK, MD (April 7, 2015) — AffirmX doubled its client base and achieved penetration into 34 states in 2014, exceeding its target for growth. As the premier hosted compliance review solution for banks and credit unions, the company has shown robust growth year after year since its establishment in 2012.

In addition to signing key national partnerships and realizing strong new product development last year, AffirmX also saw its initial clients renew their licenses, confirming client satisfaction with excellent results in times of regulatory examination.  This propelled the still-young company into showing profits at the beginning of this year.

“We are proud of this milestone for us and are grateful to the 200-plus financial institutions who helped get us there,” says CEO and founder Ken Wolff. “Our expansion opportunities seem endless, and our diversification strategies have not only strengthened the company, but have allowed us to avoid becoming a company that relies on only one solution to one market to remain healthy.”

AffirmX continues to be a high-value investment target with recent investments made to develop new products and expand into new and existing markets.

AffirmX provides automated risk intelligence solutions that help financial services institutions reduce risk management workloads, anxieties and costs. The AffirmX Risk Intel Center delivers accurate risk intelligence based on expert review of internal and external data sources through a query-based workflow engine. AffirmX enables clients to spend less time searching for issues and more time proactively remediating and mitigating risks so that they can focus on their core business. For more information on AffirmX’s unique compliance solutions and consulting services, visit affirmx.com or advisx.com.

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