Allied Solutions and the American Bankers Association have invested in PortX, an AI-powered integration and data platform.
The size of the investments wasn’t disclosed.
“At Allied, we are committed to equipping our clients with the most innovative and future-proofed solutions on the market,” Pete Hilger, Allied Solutions’ CEO, said in a press release. “Our investment in PortX is not just about technology—it’s about delivering real-world value to financial institutions that are ready to modernize and grow.”
“Now more than ever, financial institutions are under heavy pressure to modernize,” David Wexler, PortX’s CEO, added in the release. “Allied recognized that open, real-time connectivity is critical for its customers to stay agile and competitive, especially in today’s AI-driven market. Together, we’re enabling Allied customers with a powerful foundation to compete on innovation and deliver the customer experiences that will help them succeed.”