Stakana Partners with Allison
Allison and Stakana Join Forces to Offer Platform to Efficiently Open New Lines of Revenue for Community Banks and Credit Unions.
TAMPA, FL/SEATTLE, WA , Dec. 1, 2022 — Two B2B Fintech companies partner to provide a Banking-as-a-Service platform that enables community and regional financial institutions to efficiently, effectively, and profitably offer services to Fintech companies, money service businesses and other untapped lines of business.
Allison announced a partnership with Stakana, a banking Analytics-as-a-Service Fintech startup that offers comprehensive predictive analytics to community banks and credit unions, to add powerful insights to its existing Banking-as-a-Service (BaaS) platform. BaaS is the provision of banking products and services through third-party distributors. Through integrating non-banking businesses with regulated financial infrastructure, BaaS offerings are enabling new, specialized propositions and bringing them to market faster.
Stakana will embed their analytics services within Allison’s low code platform, so that financial institutions can get the benefit of both services, while greatly reducing the integration time. Stakana will produce predictive insights of customers of Fintech partners of a community bank.
“BaaS is very powerful for both Fintechs and community banks, but often behind the scenes it’s the Wild West with the data, creating big risks for both sides” Nate Derby, Stakana Founder and CEO said. “Working with Allison, we’re able to offer effective security and quick processing along with powerful insights for the growth of both parties.”
“We’ve wanted to offer a more rounded and comprehensive solution to community-focused FIs, so that we take the complexity out of Banking-as-a-Service. But that premise can’t come at the expense of data
analysis” said Brian Alvarez-Bailey, Allison Co-Founder and CEO. “I believe that our partnership with Stakana allows us to serve dual purposes, further empowering our bank customers with the tools that they need for both planning and execution”.
Allison is a member of the first and current cohort of the newly launched TechStars Miami Fintech accelerator, and Stakana is a member of the recently finished cohort of the Tampa Bay Wave accelerator. Allison is currently working with the DAO exchange www.summonplatform.io, amongst many other fintech companies. Stakana is working with CEFCU of Peoria, IL and has worked with various other credit unions in the past, including Orange County’s Credit Union of Southern California. They will begin their joint work immediately, with the goal of offering their joint services to community banks and Fintechs in Q1 2023.
Allison is a financial technology company that enables connections between financial institutions and businesses that they serve. They provide low code integration tools that make embedding financial products within existing or new applications easy and fast. They partner with banking core providers to
streamline their services. Additional information is available at www.tryallison.com
Stakana is a financial technology company that supplies predictive intelligence to community banks and credit unions to maximize marketing ROI, retain customers, and increase wallet share. Based in Seattle, they empower financial institutions to proactively understand the needs of their customers using the best predictive AI methods from the retail industry and to then deliver personalized engagement. Additional information is available at www.stakana.com
Statements made in this news release that are not historical facts are “forward-looking statements.” Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by
such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company’s Securities and Exchange Commission filings, including the Company’s most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.
For more information, visit Stakana.com.
Contact: Stakana Analytics, 815 1st Avenue, Suite 287, Seattle, WA 98104
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