Fintech Affordit and United Solutions Company, a credit union services organization, have partnered to enable financial institutions to improve people’s financial wellness and access to capital, according to a press release.
Affordit’s proprietary technology, Affordit Solution Based Outcome Report, details action steps members can take to improve their financial health. The technology also assists in identifying the best loan options for the loan officer to suggest and increases member retention and accounts per member.
USC serves as a technology center for 95 credit unions across the U.S. and provides end-to-end technology packages, as well as other services to many financial institutions. As part of this new multi-year agreement, Affordit’s technology will be integrated into USC’s offering, and USC’s national sales team will identify opportunities to introduce Affordit’s technology to their expansive credit union network.
“Our partnership with USC opens the door to financial institutions across the country and extends our reach even deeper into the credit union industry,” Kevin O’Brien, CEO and founder, Affordit, said in the release. “Just as importantly, we’re proud to have a credit union technology leader like USC validate the value our product delivers as a business development tool for financial institutions and as an educational resource for credit union members.”