Allied Solutions and NXG Strategies Celebrates 10 Years of Partnership
Nashville, TN, May 13, 2016 (Newswire.com) - NXG Strategies, LLC and Allied Solutions, LLC recently marked a 10-year milestone in their partnership to offer high quality identity theft and data breach risk management solutions to more than 4,000 banks, credit unions, and financial companies nationwide.
As an integral part of data breach and identity theft risk mitigation practices, Allied Solutions offers NXG's comprehensive, leading-edge Data Breach and Identity Theft Detection and Recovery Programs:
● evado|PROTECT℠ provides vital protection for account holders and essential pre-planning and post-event data breach benefits for the sponsoring financial institution. In step with industry evolution, this program is compliance focused, has a streamlined implementation process, and provides account holders with comprehensive Fully Managed Identity Theft Research, Remediation, and Recovery Services – the gold standard in the identity protection industry.
● evado|PROTECT Biz℠ is for the financial institution’s small to mid-sized businesses, which are considered easy targets for data breach and fraud. This program sponsors a complete data breach risk mitigation solution for business account holders that also includes coverage for all employees of the small business.
● evado|BREACH Defender℠ is the proactive data breach response solution that provides pre-breach preparation, cost-containment, and a higher level of response to help manage brand damage, market share loss and potential class action. Paired with Allied Solution’s cyber liability bond program, it completes the full risk mitigation profile that a financial institution needs.
“Allied has been offering NXG Strategies’ innovative and comprehensive solutions to our customers for almost all ten years they have been in business,” says Michael Naughton, Senior Vice President of Allied Solutions. “It is due to the excellent value of their solutions and their superb track record that we have been partnered with NXG for so long, and we are excited to see what the next ten years of this relationship will bring.”
NXG’s group services programs are different because they follow a unique model – a complete suite of risk mitigation benefits for the financial institution, with additional account holder (third-party) benefits that extend to 100% of a covered group of account holders under a single services agreement. “NXG takes a consultative approach, utilizing its deep background in banking and years of experience to make this program tailored to our clients”, says Sally King, NXG’s Managing Partner. The NXG programs will help financial institutions prepare for data breach and provide options to offset the increasing costs of security and fraud losses, including the cost of implementing the NXG services. At the same time the program provides a valuable benefit for account holders that help to build market share. NXG has been successfully refining this business model for the last 10 years, with hundreds of financial institution clients, covering millions of their consumers.”
“We completely reimagined what it means for organizations and consumers to be fully protected in today’s world,” says Sally King, Managing Partner. “The resulting solution is the culmination of more than a decade of industry research, experience, and innovation.
NXG calls its program suite “evado” which is a Latin term that means “to traverse safely or to pass unharmed”. This may be a fitting name considering that both the FDIC and the NCUA have announced that regulatory data breach preparedness is at the top of their priority list for examiners in 2016.
About Allied Solutions
Allied Solutions, LLC is one of the largest providers of insurance, lending, and marketing products to financial institutions in the U.S. Allied Solutions uses technology based products and services customized to meet the needs of 4,000 clients along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions maintains over 15 regional offices and service centers around the country and is a subsidiary of Securian Financial Group, Inc.
About NXG Strategies, LLC
NXG Strategies has deep expertise in identity theft investigation, fraud remediation, and data breach response, serving the nation’s financial institutions and millions of their customers nationwide. NXG and its principal officers, who each have over 30 years of banking experience, were a pioneering company to create the national standard for professional identity theft research, remediation and recovery. NXG is also among the top tier of service providers for business breach mitigation and business fraud remediation.
For additional information regarding evado|PROTECT, visit www.nxgstrategies.com/evado or contact Allied Solutions at 800-826-9384 or NXG Strategies at 615-823-1311.
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Source: NXG Strategies