Aliya Teaches Financial Literacy in Greater Austin Community

AUSTIN, TX – May 1, 2017 – In honor of National Financial Literacy Month, Aliya participated in “Money Smart Week,” an annual financial literacy campaign hosted by Financial Fitness Greater Austin (FFGA) from April 22–29, 2017. FFGA is a financial education and awareness initiative in partnership with the FDIC’S Alliance for Economic Inclusion and more than 60 entities.

Aliya led five financial literacy classes with several schools in the Greater Austin community, including Rouse High School and Block House Elementary School. Aliya volunteers taught budgeting, saving, and credit to students at Rouse High School, and income and taxes to students at Block House Elementary School.

“I loved the input coming from a team of professionals who currently work in the field,” said Sandra Valderaz, a fifth grade math teacher at Block House Elementary School. “This made an impression on my students and also validated the information they have learned.”

At the high school, Aliya volunteers led classes through a saving and budgeting activity, in which students navigated several different real-life scenarios. Volunteers also discussed the basics of credit health, credit scores, and credit reports.

Mikyela Tedder, a teacher at Rouse High School, commented, “My students will continue to benefit from these classes for a long time. Learning about credit as a teenager will help them avoid mistakes and hopefully set them up to be able to easily finance any large purchase they would like later on.”

She added, “Many [students] commented about conversations they had with their parents at home, and how some of the tips the Aliya staff provided were well received by their family.”

In teaching personal finance, Aliya hopes to get students and families to think about financial planning and other important finance skills. “The stigma around talking about money is huge,” said Jessica Kincman, Software Project Administrator at Aliya and one of the volunteers who taught at the high school. “I walked out of each class with a strong appreciation for the program’s no-stigma approach, and the feeling that each student walked out of the class knowing at least one new thing.”

Aliya hopes to bring not only financial education and awareness to the surrounding community, but also affordable financial products and services to underserved consumers through its Transformational Lending Solution. Aliya’s solution has been in production with a top 10 U.S. bank since November 2016, showcasing strong early results.

About Aliya

Aliya offers a proprietary technology, analytics, and capital solution that enables financial institutions to unlock hidden opportunities to extend more credit to their existing customer base. Through the use of machine learning, highly individualized underwriting approaches, and alternative data, Aliya can identify the 40% of their “Non-Prime” customers who can perform as Near-Prime/Prime—thus creating more profitable lending relationships, while also providing crucial, affordable credit products to an underserved population.

Aliya CEO Steve Basilotto Presents Blueprint to Expand Credit to Working Americans at FDIC’s Austin Alliance for Economic Inclusion

AUSTIN, TX – March 3, 2017 –  Aliya CEO Steve Basilotto was invited to present as a keynote speaker at the quarterly meeting of the FDIC-organized Austin Alliance for Economic Inclusion on March 2, 2017. Furthering Aliya’s commitment to local economic development, Basilotto provided a blueprint for greater financial inclusion and access to credit for working class Americans.

The FDIC established the Austin Alliance for Economic Inclusion (Austin AEI) in 2007 as a broad-based coalition of financial institutions and community-based organizations to bring the unbanked and underserved populations into the financial mainstream. In addition to providing targeted financial education and asset-building programs, the FDIC’s Austin AEI encourages the development of competitively priced financial products and services, such as checking and savings accounts, remittance products, and small dollar loans.

“Like the FDIC and Austin AEI, we believe every consumer deserves access to the banking system,” Basilotto said. “Our presentation demonstrates a new path for financial institutions to open up credit access to many overlooked and underestimated hardworking Americans. And the Aliya approach enables these financial institutions to create value for their shareholders at the same time.”

About FDIC’s Austin Alliance for Economic Inclusion

The Austin Alliance for Economic Inclusion was formed in March 2007 as part of FDIC's national initiative to improve the financial capability of consumers—especially those of low- to moderate-income—and move them into the financial mainstream. The Austin AEI coalition represents over 100 financial institutions, community based organizations, small business support organizations, faith-based organizations, state and local government agencies, community stakeholders, and federal bank regulators in the Austin region. Their key initiatives include Bank on Central Texas and Financial Fitness Greater Austin.

About Aliya

Aliya offers a proprietary technology, analytics, and capital solution that enables financial institutions to unlock hidden opportunities to extend more credit to their existing customer base. Through the use of machine learning, highly individualized underwriting approaches, and alternative data, Aliya can identify the 40% of their “Non-Prime” customers who can perform as Near-Prime/Prime—thus creating more profitable lending relationships, while also providing crucial, affordable credit products to an underserved population.

Aliya Volunteers at Caritas of Austin

AUSTIN, TX – January 27, 2017 – The Austin office of Aliya prepared and served almost 300 lunches in the Community Kitchen of Caritas of Austin on January 27, 2017. Caritas is a nonprofit devoted to providing food service, refugee, veteran, and social service programs. The Aliya team is excited to assist nonprofits to help people in need in the Austin community and beyond.

“Helping the community and those who need assistance is the core of what our business is about,” said Aliya CEO, Steve Basilotto. “Our service work in the community is aligned with what we’re doing on a national level with a group of people who are being fundamentally misunderstood by the financial system today.”

About Caritas of Austin

For over 50 years, Caritas of Austin has been a turning point in people’s lives. Each year, they serve thousands of families and individuals who do not have a stable place to call home. Through comprehensive, relationship-based services, Caritas of Austin turns crisis into stability and empowers people toward the life they want. They believe that a thriving community derives its strength from providing all members the opportunity to be self-reliant.

About Aliya

Aliya partners with financial services providers to deepen relationships with their existing customers through advanced analytic sciences. Without ever requiring possession of customers’ PII (personally identifying information), Aliya provides a solution through the provision of model and credit policy scoring, which generates a loan amount and loan terms. Aliya is focused on helping financial services providers drive shareholder value by improving return on equity (ROE) and net interest margin (NIM), and optimizing regulatory capital allocation by better understanding and serving their existing customers. Aliya was founded in 2015 by S.P. "Wije" Wijegoonaratna, who has since recruited a management team of highly experienced banking executives, and has offices in Stamford, CT and Austin, TX.

Aliya Announces Services Relationship with PNC Bank

SOUTH NORWALK, CT – November 18, 2016 – Aliya Financial Technologies, through its AFT Analytics, LLC subsidiary, is excited to announce a service relationship with PNC Bank N.A., a top ten U.S. financial institution. PNC will utilize Aliya’s proprietary analytics technologies to deepen relationships with its existing customer base through pre-approved loan offers.

About Aliya Financial Technologies

Aliya partners with financial services providers to deepen relationships with their existing customers through advanced analytic sciences. Without ever requiring possession of customers’ PII (personally identifying information), Aliya provides a solution through the provision of model and credit policy scoring, which generates a loan amount and loan terms.  Aliya is focused on helping financial services providers drive shareholder value by improving return on equity (ROE) and net interest margin (NIM), and optimizing regulatory capital allocation by better understanding and serving their existing customers. Aliya was founded in 2015 by S.P. "Wije" Wijegoonaratna, who has since recruited a management team of highly experienced banking executives, and has offices in South Norwalk, CT and Austin, TX.