BOND.AI acquires Elastech, Inc. to strengthen data and cloud capabilities

LITTLE ROCK, Ark. - Nov. 3, 2023 - PRLog -- BOND.AI acquires Elastech, Inc. to strengthen data and cloud capabilities

Key facts:

• Industry veteran Scott Llewelyn brings decades of enterprise solutions experience to BOND.AI and will lead its new Professional Services division.
• BOND.AI establishes a dedicated data team to provide concierge data services as part of its portfolio.

Little Rock, Ark. – [Nov. 3, 2023] – BOND.AI is excited to announce it has acquired Elastech, Inc. based in Lehi, Utah. This acquisition strengthens BOND.AI's data and cloud capabilities as it expands its signature Empathy Engine® technology to more markets.

"In the world of finance today, everyone's chasing artificial intelligence to ramp up their speed and efficiency," said Uday Akkaraju, CEO of BOND.AI. "But here's the catch – most financial institutions need help devising strategies, setting up the right systems, while making AI affordable. BOND.AI is determined to make sure costs and knowledge won't be stumbling blocks and are committed to dismantling those barriers and make AI work like a charm. Through our acquisition of Elastech, we're rolling out a dedicated data team, to help banks ace the AI game, all at their own pace."

"A large portion of my career has been in financial services," said Scott Llewelyn, CEO of Elastech, Inc. "In speaking with Uday, there's a need for this to grow and expand to other industries, and BOND.AI has exciting opportunities to take these enterprise ideas and use them for community businesses to support financial health."

With the acquisition, Llewelyn will join BOND.AI to oversee its Professional Services division.

About BOND.AI

BOND.AI is reinventing the bank account through its groundbreaking artificial intelligence products. The BOND Account, powered by the world's first Empathy Engine®, gives banks and credit unions the tools to transform their institutions while impacting their clients' lives. For financial institutions, it creates unique personas for each client to create multiple paths to boost their financial wellbeing while reducing marketing guesswork and costs. For clients, it provides personalized insights into their finances to help change their financial future.