SavvyMoney celebrates signing 1,000th financial institution amid rapid growth

SavvyMoney, a company that operates innovative, market-leading credit scoring solutions, today recognizes a significant year of growth. Over the past year, SavvyMoney has achieved several milestones that reflect the company’s success:

• Signed over 250 new financial institutions, bringing the total to 1028+
• Driven $3.8 billion in loans for clients via the SavvyMoney offering engine
• Expanded strategic partnerships with leading digital banking companies and Co-op Solutions

To support continued product innovation and a rapidly growing customer base, SavvyMoney nearly doubled its headcount in 2022 and moved its headquarters to a larger, state-of-the-art facility in Dublin, California. To continue to expand industry knowledge and further develop the company, the team also attended 47 industry events over the past year.

The growth comes at a time when the banking industry is leaning into the second wave of digital transformation, with 76% of banks and 87% of credit unions planning to adopt a digital transformation strategy by 2023.

SavvyMoney’s innovative solutions provide financial institution customers with real-time access to credit scores, while enabling financial institutions to increase share of wallet and drive profitable loan growth by leveraging robust customer data and portfolio insights.

“As consumer expectations for personalization continue to rise, financial institutions must invest in solutions to meet users’ specific financial needs,” said JB Orecchia, president and CEO of SavvyMoney. “Our success over the past 12 years has been rooted in our culture. We are committed to serving our banks and credit unions with innovative products and attention to personal service that help them meet consumer needs.”

“BCU leverages SavvyMoney’s credit solution to help members improve their financial confidence and well-being,” said Mike Valentine, president and CEO of BCU. “They provide the tools our members need to improve their credit and save money with personalized offers. Also, SavvyMoney helps BCU achieve our goal of driving engaged membership growth. I enjoy doing business with people who complement our culture – something SavvyMoney has done for the past 10 years. To grow and deepen our relationships with our members, we need to partner with innovative companies like SavvyMoney.”