MALVERN, PA (April 7, 2014) – Akcelerant, a provider of software and services to the financial industry, has expanded their relationship with Kennedy Space Center Federal Credit Union (KSCFCU) to include the use of the Akcelerant Framework’s consumer loan origination platform. KSCFCU, a DataSafe user with $642 million in assets and almost 60,000 members, went live on the Framework’s collection solution in November 2013. Following a successful collection implementation and thorough loan origination evaluation process, KSCFCU determined that Akcelerant would become their vendor of choice for the second time
During KSCFCU’s review of the platform, they were impressed by a number of features including the Framework’s easy-to use interface and ability to streamline the application and underwriting process, creating a more user-friendly experience for both loan officers and account holders. In addition, the capacity to increase automated approvals while lowering the risk of human error using the Framework’s powerful rules engine was simply too enticing to forgo.
“KSCFCU saw immediate value in expanding our partnership in order to make Akcelerant’s innovative technology available to both our collection and lending departments,” comments KSCFCU’s Lending Director, Beverly Jordan. “In addition to addressing our need for efficiency and ease-of-use, Akcelerant’s loan origination system offers dealer integration, which will increase the generation of indirect loans. This is just one of the ways Akcelerant’s lending solution will fuel our loan growth, while at the same time supporting our objective to boost member service.”
“KSCFCU’s decision to further develop our relationship is evidence of the quality and state-of-the-art technology we’ve infused into the Framework,” states Akcelerant’s Chief Business Development Officer, Eric Snyder. “Our loan origination platform has been getting a lot of attention due to features such as revolutionary rule authoring, innovative cross-sells, multi-channel loan products, and a fully customizable application process. The Framework’s lending customer base is rapidly growing, and we expect this momentum to continue throughout 2014.”
About Akcelerant Software LLC
Akcelerant, located in Malvern, Pennsylvania, is a leading provider of software and services to the financial industry through multiple product lines and relationships with best-of-breed service providers. Today, more than 500 financial institutions in North America are using Akcelerant technology. For more information about Akcelerant, visit www.akcelerant.com.