Strata Decision Technology acquires c. myers

Strata Decision Technology has acquired c. myers, a prominent advisory firm specializing in financial institution strategy. While this deal happens at the institutional level, it has direct implications for retailers who rely on credit unions and regional banks for their consumer lending programs. Strata provides the software that banks use to manage performance, and c. myers provides the strategic consulting to help those banks decide where to allocate capital. For a merchant or practice owner, this indicates a trend toward more data-driven lending. As financial institutions integrate advanced performance management tools, they become more sophisticated in how they price risk and manage liquidity. This can lead to more stable lending partnerships for you, but it also means lenders will be quicker to adjust their credit boxes based on the real-time data these platforms provide. The merger suggests that your lending partners are looking for ways to stay competitive against massive national banks by using better technology and tighter strategic planning.

Source: Finextra — Lending

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