Miles Jamison
Allocore said Tuesday that it has secured Federal Risk and Authorization Management Program, or FedRAMP, authorization at the High Impact Level for its Unified Loans Platform, Unified Grants Platform and Unified Fraud Platform.
The FedRAMP High designation, the most stringent cloud security requirement, boosts Allocore’s efforts to empower federal agencies handling financial assistance programs with advanced, transparent and secure government technologies. It also aligns with the company’s dedication to safeguarding sensitive data within its loan, grant and fraud prevention cloud products.
Allocore’s FedRAMP High-Authorized Cloud Products
Allocore’s cloud platforms are available through the unified One Platform offering, which provides advanced commercial banking technology to the public sector. Customers can also avail of the products individually.
ULP is a lending platform configured for federal loan programs that provides advanced origination and management technology. It handles the entire loan lifecycle, including approval, servicing and fraud detection.
UGP is a cloud-based, modular grant management system designed to align with federal grant program workflows. It leverages intelligent automation and modern user experience to support the full grant lifecycle, including application and compliance.
UFP enables agencies to prevent fraud before the funds are disbursed. It is designed to integrate with internal and external datasets, apply advanced business rules and utilize artificial intelligence-driven analysis to detect fraudulent activity.
“Allocore’s products now meet the highest federal security benchmarks, ensuring our agency partners can confidently power their mission-critical programs on Allocore. This achievement reflects the trust the public sector places in us — and demonstrates our continued investment in leading-edge, compliant technology,” said Bill Webner, Allocore CEO and two-time Wash100 Award winner.
