Press
Grow Financial Federal Credit Union selects the Akcelerant Framework Lending Solution
MALVERN, PA (February 6, 2014) – Akcelerant, a leading provider of software and services to the financial industry, has signed Grow Financial Federal Credit Union as a new Akcelerant Framework loan origination customer. Grow Financial, a Symitar user based out of Tampa, FL with nearly $2 billion in assets and over 160,000 members, chose the Framework over competing lending systems due to its flexibility and powerful, enterprise-level rules engine which delivers a multichannel experience for financial institutions.
Previously, Grow Financial managed direct and indirect loans independently of each other using two separate system providers. When the credit union realized that neither of those systems were meeting their needs, they began to explore other options. Looking for a solution that was powerful enough to handle their volume and strategy, yet would still offer flexibility and ease-of-use for their employees, Grow Financial found, along with a recent surge of other credit unions, that the Framework was the most compelling alternative.
“We’d been reviewing and considering multiple options for quite a while. At the time, we were running our direct and indirect loan processes on separate platforms. One of the key factors that drew us to Akcelerant was that the Framework provides a single rules engine which easily manages both of those channels and much more. Our goal is to get to ‘yes’ faster and fund more loans, while providing a first-class member experience. The Framework is simply the best,” stated Dona Svehla, SVP, retail lending and loss prevention at Grow Financial Federal Credit Union. “We chose to move from both of our other providers because we feel Akcelerant will establish themselves as a leader in the lending field, and we are aligned with their vision going forward.”
“We are thrilled to bring Grow Financial on board,” reports Chief Business Development Officer at Akcelerant, Eric Snyder. “The Framework is designed for true multichannel decisioning and provides an extensible architecture through our API. These two features, along with many others, were paramount to Grow Financial’s decision to choose Akcelerant. We are finding that the flexibility and power of the Framework is the perfect mix for credit unions who want to optimize the performance of any channel. Grow Financial’s endorsement is validation that Akcelerant is clearly in the race to become the industry’s next leading loan origination platform.”
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.
About Grow Financial
With 22 branches, and five more in development, Grow Financial Federal Credit Union is recognized as one of the leading Credit Unions in the nation with nearly $2 billion in assets. Originally founded to provide a safe place to save and borrow money for the military and civilian personnel of MacDill Air Force Base, Grow Financial has since expanded membership to include employees of more than 1,100 businesses. Established in 1955, Grow Financial has its corporate headquarters in Tampa, Florida. For more information visit www.growfinancial.org.