Velocity had made its entry into the highly competitive Fintech industry by founding itself in 1995, and it stands as a trendsetter in providing innovative solutions for community banks and credit unions serving more than 30 million involved consumers and business owners in revenue generation, service delivery improvement, as well as compliance-all this while ensuring financial institutions remain competitive in an increasingly complex landscape.

Velocity Solutions completely changed the financial landscape again by providing high tech tools to help community banks and credit unions carve out a niche for themselves. Velocity's solutions range from customer engagement strategies and responsible liquidity management to advanced data platforms to help financial institutions meet the demands of modern banking while driving growth and delivering great service.

The Velocity Intelligent Platform: A Game-Changer for Banking Management                              

Speed gives the speed of processing. In a nutshell, the Velocity Intelligent Platform® offers the foundation of Velocity: a foundation aimed specifically at improving the bank experience through machine-assisted intelligence that connects data from various financial systems, adds strong insights, brings risk into sharper relief, and improves revenue health. Thus, a unified solution for financial institutions has:

• Advanced Data and Analytics: Gathers and analyzes critical business data and provides insights for banks and credit unions for effective decision-making.

• KPI Actionable Insights: Provides real-time intelligence on critical performance measures, which can enhance strategic planning and decision-making processes.

• Seamless API Integration: This platform can integrate third-party fintech solutions free of charge, thus simplifying operations and enhancing interoperability between systems.

• With the help of these constructs, the Velocity Intelligent Platform® enables financial institutions to attain a well-rounded 360-degree view of their operations, which ultimately drives efficiency, agility, and business growth.

Invitation Checking System: Driving Digital Acquisition

Velocity has come with the Invitation Checking System to help community banks and credit unions gather profitable new accounts when deposit growth has stagnated and larger institutions are making greater competition against the banking industry. Targeted marketing strategies from digital referrals to social media to direct mail make them use this system and effectively compete with the marketing budgets of the big banks.

The Invitation Checking System thus attracts and retains customers, allowing local institutions to recapture their lost market share and build deposits in a competitive environment for them.

Account Revenue Solution: Maximizing Use and Profitability              

Revenues grow, even if customers are purchased; hence account revenue solution by Velocity solves this problem of account revenue. ARS is basically looking into how one can improve engagement throughout the checking account life cycle, along with' making sure that a new account holder is not left unsure about any of the products offered by the institution. This multi-faceted approach leads to attaching the customer long-term, enhancing profitability, and converting recently opened accounts into profit-generating assets.

Intelligent Limit System: Empowering Managed Liquidity

Banks have always tried to cater to the needs of consumers to fulfill short-term liquidity needs. In that context, the intelligent limit system gives a very responsible and tailor-designed alternative, unlike the long-standing overdrafts for the Intelligent Limit System: defining vs. conventional Overdrafts and Limit Profound Accounts.

They align overdraft limits to reflect transactional and deposit behavior of account holders, essentially preventing all these pitfalls financially. So CashPlease, this is integrated with Velocity's consumer loan platform, which helps financial institutions to come up with liquidity solutions, not forgetting the financial resilience of the consumer as well as the institutional side of it.

About the Leader

Christopher Leonard, Chief Executive Officer of Velocity Solutions is a graduate of Wake Forest University and holds multiple aviation certifications.

“Driving Innovation of Empowering Financial Success”