4/11/2018

AdvantEdge Analytics Acquires Data Integration Company Finivation

Acquisition Will Accelerate and Strengthen Real-time Data Integration for Credit Unions

MADISON, Wis. – CUNA Mutual Group's AdvantEdge Analytics (Opens in new window) today announced it has acquired, Finivation (Opens in new window), a New York-based data systems integration and software company that offers real-time data integration for credit unions, community financial institutions and technology providers.

AdvantEdge Analytics will incorporate Finivation’s Concert integration product into its suite of services to build and strengthen data integration across the credit union industry. This acquisition will further advance the development of an industry standard platform that will best position credit unions to improve the member experience, enable growth and compete more effectively.

“Credit unions are increasingly confronted with integration challenges due to disparate systems that hinder their ability to get the most value from their member data,” said Tim Peterson, president, AdvantEdge Analytics. “This acquisition is another step toward building seamless connections to help credit unions grow. Adding Finivation’s advanced data integration technology to our comprehensive offering will provide credit unions with data-driven solutions to help serve their members.”

Finivation’s technology will enhance the AdvantEdge Analytics™ Data Platform to help credit unions integrate various core and ancillary systems in an efficient and standardized manner. Credit unions will gain better access to real-time data and reduce the time and cost of integrating, maintaining and updating connectivity between systems, including credit card and loan origination systems, contact centers, branch platforms, and digital banking solutions.

“Joining AdvantEdge Analytics is a natural fit for Finivation, because we share the same aspirations and mission for the credit union industry,” said Brian Bodell, Finivation CEO. “We have always focused on helping credit unions, community financial institutions and their partners access their data. As part of AdvantEdge Analytics, we can now offer advanced analytics to better serve members and help grow their business.”

AdvantEdge Analytics provides an industry-leading integrated suite of products and services that help credit unions in their data-centric journey. As an example of CUNA Mutual Group’s investment in innovation and data analytics, the company is focused on significantly expanding the scale of data to help credit unions gain stronger member intelligence, accelerate analytics adoption and strengthen market share.

For more information, please visit www.advantedgeanalytics.com (Opens in new window).

About CUNA Mutual AdvantEdge Analytics, LLC:

CUNA Mutual AdvantEdge Analytics, LLC (AdvantEdge Analytics) is a technology, data and analytics company that provides end-to-end solutions including data management, visualizations, predictive analytics, insight activation and consulting services to credit unions. Built on more than 80 years of commitment and experience working with credit unions and their members, AdvantEdge Analytics helps credit unions effectively harness the power of data in new and insightful ways. For more information, please visit www.advantedgeanalytics.com (Opens in new window).

About CUNA Mutual Group:

CUNA Mutual Group is a financially strong insurance and investment company. For generations, we’ve partnered with credit union leaders to protect and grow their businesses, and help people plan, protect and invest for their future. CUNA Mutual Group offers commercial and personal insurance products; lending and payment security solutions; and retirement, investment and marketing services. Additional information about the company can be found at www.cunamutual.com.

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company and MEMBERS Life Insurance Company. Corporate headquarters are located in Madison, Wis.
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