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First Tech merger sparks lending process change
MALVERN, Pa. (6/15/11)--First Tech FCU has signed on to use Ackcelerant’s loan origination system, a move sparked by First Tech’s merger with Addison Avenue FCU. First Tech, Palo Alto, Calif., had been a user of the Ackcelerant Framework for collections and was introduced to the system for lending through its merger with Addison FCU, also of Palo Alto. “The functionality of Akcelerant’s loan origination system, combined with its commitment to ensuring that we can deliver on the vision First Tech has for its consumer lending program, made Akcelerant the clear choice for partnership,” said Brian Hamilton, vice president of consumer lending at First Tech. Akcelerant provides connected software applications to the financial services industry through multiple product lines and integration to service providers. First Tech FCU has $4.9 billion in assets following its merger with Addison Avenue FCU.

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