BankerAdvice Acquires FIMAC Solutions, LLC, Adds Financial Analytics Software To Solution Set
BankerAdvice, a platform founded to offer financial institutions compliance, technology and cybersecurity solutions, has purchased FIMAC Solutions, LLC, a Denver-based financial analytics company.
BIRMINGHAM, Ala., Oct. 9, 2018 /PRNewswire-PRWeb/ -- BankerAdvice (bankeradvice.com), a platform founded to offer financial institutions compliance (springhousecompliance.com), technology and cybersecurity solutions (threatadvice.com), announced today the purchase of FIMAC Solutions, LLC (http://www.fimacsolutions.com), a Denver-based financial analytics company. The FIMAC product suite will complement BankerAdvice's current compliance, cybersecurity education and fintech solutions currently offered to the financial marketplace.
FIMAC Solutions has been in business almost fifteen years and has approximately 400 bank and credit union customers. The company specializes in providing the financial services industry with banking software focusing on risk management and profitability analytics. At the core of FIMAC Solutions services are their proprietary financial analytics solutions. The company also provides a variety of financial consulting services.
"We were impressed with the experience that BankerAdvice had quickly developing and bringing successful solutions to market as well as with the management team's extensive experience marketing and selling to financial institutions," said John Anton, president of FIMAC Solutions. "As part of BankerAdvice we have additional resources available to improve our current solutions while working to develop fresh new products for the financial market space," he said.
Under the terms of the agreement John Anton was named president of BankerAdvice and FIMAC executive Lance Smith was named managing partner. FIMAC's 14 Employees will join BankerAdvice.
"FIMAC has excellent tools that nicely complement the current solutions that BankerAdvice offers," said David Brasfield, CEO of NXTsoft.com, BankerAdvice's holding company. "We were impressed with their financial analytics solutions and believe that we will be able to gain increased market penetration with our existing sales and marketing process. In addition, FIMAC has a talented team and we will leverage that expertise to continue to grow BankerAdvice," he said.
About BankerAdvice
BankerAdvice is the go-to platform for financial institutions to find information on anything compliance and technology related. Featured solutions include many options in the reg-tech space such as innovative auditing and risk management and a suite of compliance solutions that enable financial institutions to stay on top of the latest financial regulations. BankerAdvice has additional expertise in providing cybersecurity education and threat intelligence solutions to help identify cybersecurity threats before they hit. For more information visit http://www.bankeradvice.com or call 205-739-2265.
SOURCE BankerAdvice
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