NXTsoft and Velocity Solutions Form API Partnership to Expand Service Footprint of Short-Term Consumer Loan Platform
Veclocity Solutions and NXTsoft’s partnership that will enable Velocity Solutions to expand their service offerings to 99% of the financial institutions in the U.S.
NXTsoft, the market leader in secure, comprehensive and complete API connectivity and Velocity Solutions (myvelocity.com), the leading provider of revenue-driving solutions for community banks and credit unions that address the changing regulatory landscape, evolving technology and consumer needs, today announced an API partnership that will enable Velocity Solutions to expand their service offerings to 99% of the financial institutions in the U.S.
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Velocity Solutions offers a variety of revenue-enhancing solutions to community and regional banks and credit unions to increase non-interest income, more effectively manage overdraft, acquire more profitable accounts, drive account holder engagement and activity and implement loan platforms through a data-driven, digital approach. NXTsoft’s OmniConnect API connectivity solution will provide Velocity Solutions access to a number of new core systems, helping to expedite new implementations and providing access to a wider breadth of clients.
“We are always pleased to partner with leading technology providers that will help us break through integration barriers,” said John Pechacek, chief technology officer for Velocity Solutions. “With NXTsoft, we will obtain access to a number of new cores, allowing us to serve a wider breadth of financial institutions.”
NXTsoft’s OmniConnect has established API connectivity to 99% of all U.S-based core systems and can provide API connectivity between these core systems and any ancillary fintech solution within 90 days. OmniConnect is complemented by NXTsoft’s OmniEncrypt, assuring both parties the utmost in API security.
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“NXTsoft is excited to partner with Velocity Solutions to help them increase their reach with financial institutions for their CashPlease solution, said David Brasfield, CEO of NXTsoft. “Our established API connectivity with all major core processing systems in the U.S. should facilitate easy connectivity between their solution and any financial institution that wants to utilize it.”
NXTsoft has been in API marketspace for over 25 years and has over 1,000 financial institutions that currently utilize its OmniConnect secure API solution to transmit data real-time between core systems and ancillary applications.
