Velocity Solutions
Velocity Solutions provided intelligent deposit growth and overdraft management software to US banks and credit unions, serving over 30 million end consumers. The company was acquired by CSI in September 2024 and now operates as part of CSI's community-bank technology portfolio.
- Company typePrivate
- Founded1995
- HeadquartersFlorida, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Velocity Solutions does
Velocity Solutions was a US-based software provider specializing in intelligent deposit growth and overdraft management solutions for financial institutions, founded in 1995 and headquartered in Florida. The company built a unified platform combining deposit acquisition tools, overdraft program management, data analytics, customer engagement, and risk management capabilities, serving community banks and credit unions across the United States. Its platform supported over 30 million consumers and business owners through deployments at financial institution clients, leveraging behavioral data to drive targeted engagement, deposit growth, and responsible overdraft access.
The company generated revenue through recurring software licensing and subscription fees, sold via a B2B enterprise field-sales motion targeting financial institution decision-makers. It supplemented direct sales with partnerships to core banking providers and participation in industry events. Over its operating history, Velocity pursued a deliberate inorganic growth strategy, acquiring IMPACT Financial Services (2014), Akouba (2018), and CourtesyConnect (2018), and was backed by H.I.G. Growth Partners via a 2017 growth investment.
In September 2024, Velocity Solutions was acquired by CSI (Computer Services Inc.), a provider of core banking, digital banking, managed IT, and financial crime software for community financial institutions. The acquisition integrated Velocity's deposit growth and overdraft platform into CSI's broader portfolio, expanding CSI's ability to help community banks compete against larger financial institutions. Following the acquisition, Velocity no longer operates as an independent entity, and CSI has subsequently extended the platform's analytics layer with an AI-powered Customer Intelligence Suite.
Velocity Solutions firmographics
Firmographics- Name
- Velocity Solutions
- Website
- https://myvelocity.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- Velocity Solutions provided intelligent deposit growth and overdraft management software to US banks and credit unions, serving over 30 million end consumers. The company was acquired by CSI in September 2024 and now operates as part of CSI's community-bank technology portfolio.
- Ownership category
- akta.pro rank
Velocity Solutions industry classification
Industry- Product category
- Banking Software
- NAICS
- Computer Systems Design and Related Services (5415), Computer Systems Design Services (541512)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Payment Orchestration Platforms (FSAGABAA)
Keywords
Where Velocity Solutions is headquartered
LocationHeadquarters
- HQ city
- Florida
- HQ country
- United States
- HQ region
- North America
Markets served
Velocity Solutions business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Licensing and Subscription: Velocity Solutions generated revenue through software licensing and subscription fees for its deposit growth and overdraft management platform, sold to financial institutions including banks and credit unions
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Velocity Solutions product offering
Product offeringCore offering
Velocity Solutions provides intelligent deposit growth and overdraft management software for banks and credit unions. Its platform combines data analytics, customer engagement tools, and risk management capabilities to help community financial institutions grow deposits, optimize overdraft programs, and compete against larger banks. The platform serves over 30 million consumers and business owners through deployed financial institution customers.
Product overview
Velocity Solutions is a provider of intelligent deposit growth and overdraft management software for financial institutions, now part of CSI following acquisition in September 2024. The company offers a unified platform combining deposit growth solutions, overdraft management, data analytics, customer engagement, and risk management capabilities. The platform serves over 30 million consumers and business owners across banks and credit unions, enabling institutions to compete effectively against larger financial organizations through data-driven strategies and personalized customer engagement.
Differentiator
Problem solved
Functional benefit
Companies that use Velocity Solutions
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
Velocity Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Velocity Solutions partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CSI (Computer Services Inc.)flagshipCSI acquired Velocity Solutions in September 2024, integrating Velocity's intelligent deposit growth and overdraft management software into CSI's portfolio of financial technology solutions. The acquisition expanded CSI's offerings to include Velocity's platform serving over 30 million consumers and business owners.
Scale indicators2 records
Recent moves5 records
Expansion highlights4 records
Velocity Solutions competitors and assessment
Company assessmentDirect peers
- Apiture: Apiture provides a digital banking platform for banks and credit unions; it was also acquired by CSI, making it the most directly comparable sibling product serving community financial institutions.
- Alkami Technology: Alkami provides a digital banking and customer engagement platform to US banks and credit unions, addressing similar account growth, analytics, and engagement use cases.
- Q2 Software (now part of Alkami): Q2 offered digital banking and customer engagement software to community financial institutions, directly comparable to Velocity's deposit growth and engagement modules.
- CO-OP Financial Services: CO-OP is a credit union-owned payments and technology cooperative offering account holder analytics, lending, and engagement tools directly comparable to Velocity's credit union focus.
Broad incumbents
- Jack Henry & Associates: Jack Henry is a major US banking technology provider offering core, digital, and ancillary software to community and mid-tier banks and credit unions, overlapping with Velocity's customer base.
- Fiserv: Fiserv is one of the largest US banking and payments technology providers with a broad portfolio that touches deposits, account holder engagement, and risk, competing for the same financial institution wallet.
- FIS (Fidelity National Information Services): FIS is a global financial technology incumbent providing core banking, digital, and risk solutions to banks and credit unions, overlapping with Velocity's product and customer profile.
- nCino: nCino is a cloud banking software provider serving financial institutions with deposit, lending, and customer onboarding solutions, overlapping on the bank technology buyer.
- Finastra: Finastra is a global financial software provider offering core, digital, and analytics solutions to banks and credit unions across multiple use cases comparable to Velocity's.
- Temenos: Temenos provides core and digital banking software to banks globally, including solutions for deposit growth, customer engagement, and risk analytics similar to Velocity's platform.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Velocity Solutions social profiles
Digital presenceVelocity Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Velocity Solutions leadership team
Management profileNumber of profiles
Velocity Solutions funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Velocity Solutions M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Velocity Solutions
What does Velocity Solutions do?
Velocity Solutions provides intelligent deposit growth and overdraft management software for banks and credit unions. Its platform combines data analytics, customer engagement tools, and risk management capabilities to help community financial institutions grow deposits, optimize overdraft programs, and compete against larger banks. The platform serves over 30 million consumers and business owners through deployed financial institution customers.
When was Velocity Solutions founded?
Velocity Solutions was founded in 1995. It employs 101 to 250 people.
Where is Velocity Solutions based?
Velocity Solutions is headquartered in Florida, United States, in the North America region.
How does Velocity Solutions make money?
One revenue line is on record: software Licensing and Subscription.
Who are Velocity Solutions's main competitors?
Direct peers on record are Apiture, Alkami Technology, Q2 Software (now part of Alkami) and CO-OP Financial Services. Broad incumbents are Jack Henry & Associates, Fiserv, FIS (Fidelity National Information Services), nCino, Finastra and Temenos.
Does Velocity Solutions have an API?
No public API is recorded for Velocity Solutions.
What industry is Velocity Solutions in?
Velocity Solutions's product category is Banking Software. Its primary akta.pro industry code is FSAGABAA, Payment Orchestration Platforms. Its NAICS code is 5415 and its SIC code is 7372.