GLEN ALLEN, Va., Feb. 11, 2025 – SRA Watchtower, a leader in risk management technology, today announced the acquisition of Lumio Insight, a cloud-based data management and analytics provider. This strategic acquisition will enhance Watchtower by integrating Lumio Insight’s advanced data delivery and automated ingestion capabilities, providing transformative risk insights and enabling financial institutions to make better decisions with greater accuracy and speed. 

“Data is the currency of the future,” said Edward Vincent, CEO of SRA Watchtower. “Lumio Insight’s data ingestion capabilities and insight applications will enable Watchtower to provide banks, as well as credit unions, with a timely view into operational and financial risks. By combining Lumio Insight and its talented team with SRA Watchtower, we are well-equipped to enhance and deliver The Holistic Risk and Business Intelligence PlatformTM, furthering our mission of empowering executives and boards to make the best risk-informed decisions.” 

Effective immediately, Lumio Insight Co-Founder and CEO Jeff Fink will lead SRA Watchtower’s product and technology teams and join its Board of Directors. “By integrating our expertise in data management and business intelligence with Watchtower’s leading risk management analytics, we will provide even more powerful insights to the financial services industry,” said Jeff Fink. “Lumio Insight’s suite of Financial, Customer, Deposit, and Loan Insight applications combined with Watchtower’s Risk Insight capabilities will empower chief financial, credit and risk officers to enact better operational and strategic decisions.” 

Lumio Insight’s cloud-based platform automates the ingestion of critical data from more than two dozen core, general ledger, BSA, and other financial and risk systems into a single data warehouse for improved access and deeper business intelligence. Banks and credit unions will gain a more comprehensive view of their operational health, improving financial stability and easing regulatory compliance. 

A mutual customer of SRA Watchtower and Lumio Insight sees the immediate benefits of the business combination. “Lumio Insight’s data analytics and Watchtower’s risk intelligence platform together will provide a deeper view into our operations and risks,” said Aaron Poffinberger, EVP, Chief Operating Officer of Bank of Clarke. “This integration provides timely data, enabling us to proactively manage risk, streamline processes, and enrich communication with our board of directors as well as bank regulators.” 

Over the next several months, the product teams will work together to deliver a unified, data-driven, AI-powered approach to risk and financial management that empowers executives and boards to navigate an increasingly complex landscape. This acquisition and technology integration is a key milestone in the company’s mission of empowering institutions with actionable insights to optimize risk. 

About SRA Watchtower 

SRA Watchtower is a leading SaaS provider of innovative risk management and financial insight solutions, serving the financial services industry and beyond. Our suite of proprietary technology solutions and methodologies were built “by risk pros for risk pros” and designed to help customers optimize risk to accelerate growth. Watchtower, The Holistic Risk and Business Intelligence Platform™ provides practitioners, executives, and the Board with a timely, panoramic view of risk, enhanced by AI-powered data analytics. For more information, visit SRAwatchtower.com. 

ARLINGTON, VA September 17, 2024 — Lumio Insight, a data analytics, dashboarding, and reporting solution for financial institutions, announces a strategic partnership with Smith Consulting Group, an industry leader in all aspects of bank and credit union operations including conversions, data strategy, and project management. This partnership combines our shared expertise in data technology architecture, analytics, reporting, and management consulting to drive a successful data strategy for Smith Consulting Group’s clients.

“Partnering with Smith Consulting Group allows us to bring our expertise and comprehensive data solutions to their clients and help unlock the full potential of their data. Our approach is flexible and adaptive, ensuring that we can meet the specific requirements of each bank. We believe in mapping all data, going beyond just core system data, to provide a comprehensive view that drives actionable insights.” said Jeff Fink, CEO of Lumio Insight.

The Lumio Insight platform is designed to empower financial institutions to leverage data as a strategic asset, consolidating it into a single source of truth. From insights to actionable strategies, Lumio accelerates the decision-making process and drives more value from data assets. The partnership with Smith Consulting Group enhances their capabilities and introduces a comprehensive suite of services, including:

• Data Strategy and Governance Best Practices
• Data Architecture for a Modern Data Platform
• Business Intelligence and Visualization
• Data Analytics and AI Capabilities

“We are excited to add the Lumio Insight platform to our data analytics and migration service offerings. As the technological expectations of banks, credit unions and their customers continue to increase, Smith Consulting Group has placed significant effort into making sure we have the internal teams and partners to meet these demands. Banks and credit unions are using their data for customer acquisition and retention, compliance, marketing and more, and we can help them get the most out of these efforts.” explains Darren Smith, CEO of Smith Consulting Group.

About Lumio:
Lumio Insight is a cloud-based data management, reporting, and analytics platform for financial institutions. Lumio provides strategic applications that help institutions make more informative business decisions and gain a competitive edge. Our suite of applications contains data analytics, dashboarding, and reporting capabilities that help uncover valuable insight with simple, powerful, and intuitive tools. We are more than a technology provider – we are your partner in uncovering the hidden value within your data. For more information, visit lumioinsight.com.

About Smith Consulting Group:
The team of banking and credit union professionals at Smith Consulting Group have decades of experience dealing with all aspects of bank and credit union operations; including, banking software system conversions and implementations, Data Warehousing and Reporting, Core, Teller, Customer Service and Call Center Platforms, ECM Systems, Document Development and Delivery Systems, Online and Mobile Banking, and various other interfaces. Whatever challenges you are facing, SCG can help you overcome them on time and within budget. For more information visit smithconsultinggrp.com.