Alogent Company Research Report

Company Overview

• Name: Alogent Corporation

• Mission: To deliver advanced technologies that digitize and automate the financial services world, offering innovative software solutions that span the entire transaction ecosystem.

• Founded: Over 20 years ago

• Founders: Originally part of Bluebird Systems, later as the Alogent and Bluepoint Solutions merger, then evolving into the current Alogent Corporation.

• Key People:

• Dede Wakefield: Chief Executive Officer

• Lee Cassidy: Chief Operations Officer

• Michael McMillan: Chief Revenue Officer

• Monica Moore: Chief Technology Officer

• Jaime Holbert: Chief Financial Officer

• Reese Porter: General Counsel

• Headquarters: Not explicitly stated, but noted as Metro Atlanta, Georgia, USA.

• Number of Employees: No information available.

• Revenue: No information available.

• Known For: Alogent is a market leader in providing banks and credit unions with deposit automation, item processing, digital banking, and enterprise content and information management solutions. They enable financial institutions to streamline operations, deliver personalized services, and increase efficiency and security.

Products

Payment Solutions

1. Unify Platform

• Description: A patent-pending, single API, and cloud-native solution that unifies all deposit channels, offering consistency across service levels, in-branch, and remote banking environments.

• Key Features:

• End-to-end transaction processing.

• Single API across deposit channels.

• Integrated fraud detection capabilities.

2. Alogent Shield

• Description: An advanced check fraud mitigation suite utilizing AI and machine learning.

• Key Features:

• AI and ML-driven fraud detection.

• Seamless integration with existing platforms.

• Real-time transaction risk analysis.

Digital Banking Solutions

1. NXT Consumer & Business Banking

• Description: A unified digital banking platform for online and mobile banking.

• Key Features:

• Flexible API-based platform for customization.

• Single platform for both consumers and businesses.

• Integrated security features and predictive analytics.

Enterprise Content & Loan Management

1. FASTdocs

• Description: An enterprise content management (ECM) and information management (EIM) solution.

• Key Features:

• Document digitization and automation.

• End-to-end workflow automation capabilities.

• Integration with online/mobile banking channels.

2. AccuAccount

• Description: Document imaging and loan management platform with integrated exception tracking.

• Key Features:

• Automated exception management.

• Centralized document organization and retrieval.

• Support for commercial loan document processes.

Recent Developments

New Products and Features

• Alogent Shield: Recently launched as a comprehensive check fraud mitigation suite utilizing AI and machine learning.

• Mitek Partnership: Integration of Mitek’s Check Fraud Defender into the Unify platform to enhance check fraud detection capabilities.

Partnerships

• CheckAlt Partnership: Integrated CheckAlt’s lockbox and electronic lockbox solutions into Alogent’s platforms, enhancing receivables management capabilities.

• DXC Technology Collaboration: Strategic collaboration enhances deposit automation and back-office processing for financial institutions, streamlining operations with new outsourcing capabilities.

Accolades

• Metro Atlanta Top Workplaces Award 2024: Recognized for fostering a vibrant and inclusive workplace culture.

• TAG Fintech ADVANCE Award: Acknowledged for innovation in enterprise deposits automation through the Unify platform.

• Credit Union Times Luminaries Awards Finalist: Recognized for innovation in payment solutions through the Unify platform.

Conclusion

Alogent has established itself as a leader in financial technology innovation, consistently delivering robust, scalable, and secure solutions for banks and credit unions. Their focus on advanced transaction processing, digital banking, and enterprise content management showcases their commitment to aiding financial institutions in navigating the digital transformation landscape effectively. The company's continuous partnerships and product enhancements demonstrate a dedication to staying at the forefront of technological advancements in the financial sector.