Trellance Expands Portfolio Analytics Services with Acquisition of 2020 Analytics
By adding 2020 Analytics’ advanced portfolio analysis models, Trellance will offer deeper business intelligence to credit unions.
Tampa, FL – November 8, 2022 – Trellance, the leading provider of data analytics and business intelligence solutions for credit unions, today announced it has entered into a definitive agreement to acquire the assets of 2020 Analytics, a premier loan portfolio analytics service provider based in Tampa, Florida.
Trellance will incorporate 2020 Analytics capabilities for loan portfolio analysis, collateral valuation and credit scoring, concentration risk assessment, stress-testing, CECL calculations, credit line management, and peer analytics to enhance services that identify and grow profitability while better managing risk. The acquisition will also expand Trellance’s client base.
Tom Davis, president and CEO of Trellance, said the 2020 Analytics acquisition will provide immediate value to Trellance credit union clients. “Our dedication to providing credit unions with best-in-class analytics means we are continuously developing and acquiring technology that augments our tech stack. With deeper business intelligence and more actionable insights from 2020 Analytics, credit unions can manage their portfolios more dynamically, to quickly and proactively respond to market trends.”
Services that provide insights into loan portfolio development are in high demand right now, and Trellance and 2020 Analytics saw a joint opportunity to better meet the demand.
“For nearly 15 years, we have considered ourselves an extension of the credit unions we serve,” said Dan Price, president of 2020 Analytics. “We believe we can serve them even better now as part of Trellance, combining our strengths to revolutionize the ways credit unions manage their portfolios and improve returns.”
Acquiring 2020 Analytics is Trellance’s next step in its recent period of accelerated growth. Earlier in 2022, the company announced that it was adding a Talent Services business division and expanding its presence globally into India, expecting to add more than 200 new employees.
The acquisition is expected to become final in early November. The 2020 Analytics staff will be retained as full-time Trellance employees.
About 2020 Analytics
For more than 10 years, 2020 Analytics has been the premier loan portfolio service provider for credit unions. Its team of analysts consists of lending professionals, financial consultants, certified public accountants and information technology specialists. 2020 Analytics has extensive experience working with all types of financial institutions and has helped find new sources of revenue and increased profitability. Learn more at ttadata.com.
About Trellance
Trellance is a leading provider of business analytics and talent services for credit unions, helping them meet the financial needs of today’s digital consumer. With a comprehensive suite of data science solutions, staff augmentation and professional services, the Trellance team ensures credit unions increase efficiency, manage risk, and improve member experience. As credit unions’ tech partner, Trellance brings them to the next frontiers of fintech, filled with powerful tools such as artificial intelligence and machine learning. Data In. Insights out. Learn more at Trellance.com.
Media Inquiries
Maren Bradley
Manager of Marketing Communications
mbradley@trellance.com
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