MALVERN, PA (March 31, 2014) – Akcelerant, a provider of software and services to the financial industry, has signed Philadelphia Federal Credit Union (PFCU), a Symitar user with assets in excess of $895 million and over 111,000 members, as a new Akcelerant Framework loan origination customer. After a thorough evaluation, the Framework was chosen over competing lending systems due to its ability to offer an enterprise-wide rules engine, powerful event processing, and state-of-the-art flexibility.
PFCU’s Vice President of Lending, Donna Angeloni-Rennix states, “PFCU is very impressed with the Framework’s loan origination product and the Akcelerant team. We are especially excited about using the Framework’s robust business rules engine and business language editor to incorporate our distinctive pricing and decision models into the platform. In addition, we saw significant value in the system’s behind-the-scenes event processing capabilities and feel this feature will help us in simplifying the loan application process for both our loan officers and account holders.”
As an added benefit, PFCU is now able to take advantage of the Framework’s seamless integration with their core data provider. Using event processing functionality, Symitar’s proprietary PowerOns can be triggered, generating access to additional account holder data that can be used throughout the loan application lifecycle.
Patrick Williams, CIO at PFCU, adds, “I was particularly happy to hear that we can take the PowerOn knowledge and technology we have today and apply it to the Framework. It was clear to me that the Framework was built using some of the latest trends in technology, and I have no doubt that the system can keep up with our progressive lending and underwriting strategies.”
“We are elated to welcome a local financial institution like PFCU as our newest customer,” declares Akcelerant’s Chief Business Development Officer, Eric Snyder. “Our innovative product features, like enterprise business rules, event processing, and tight integration with Symitar, were a great fit for PFCU, and we look forward to assisting this industry-leading organization as they use the Framework to enhance their loan origination process.”
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.