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Allocore Achieves FedRAMP High Authorization for Loans, Grants, and Fraud Prevention Cloud Products

2025-05-27  |  15:55:05
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ARLINGTON , VA, UNITED STATES, May 27, 2025 /EINPresswire.com/ -- Allocore, a leading provider of federal loan, grant, and fraud prevention technology, is proud to announce that its Unified Loans Platform (ULP), Unified Grants Platform (UGP), and Unified Fraud Platform (UFP) cloud products have officially achieved FedRAMP High authorization.

This designation is a major milestone in Allocore’s mission to power the future of modern, traceable, and secure government technology for public sector financial assistance programs. FedRAMP High status is the most rigorous cloud security standard in the federal space, validating Allocore’s commitment to protecting sensitive data across its loan, grant, and fraud prevention cloud platforms.

Allocore’s FedRAMP High-authorized products provide public sector agencies with world-class commercial banking technology—available individually or together as part of a unified One Platform solution:

• ULP is the only commercially available lending platform that delivers the advanced origination and management technology used by the banking sector. Specifically configured for federal loan programs. ULP supports the full loan lifecycle, including origination, approval workflows, servicing, and fraud detection, enabling swift, accurate decision-making for complex loan and guarantee programs.
• UGP is a cloud-based, modular grant management platform that adapts to the unique workflows of any federal grant program. It supports the full grant lifecycle—from application to compliance—with intelligent automation and a modern user experience.
• UFP empowers agencies to automate fraud detection and prevention before disbursing critical funds. UFP integrates with internal and external datasets, applies advanced business rules, and uses AI to identify and flag potentially fraudulent activity—enhancing program integrity across loans and grants.

"Allocore’s products now meet the highest federal security benchmarks, ensuring our agency partners can confidently power their mission-critical programs on Allocore," said Bill Webner, Allocore’s Chief Executive Officer. “This achievement reflects the trust the public sector places in us—and demonstrates our continued investment in leading-edge, compliant technology.”
To view Allocore’s listing on the FedRAMP Marketplace, visit: https://marketplace.fedramp.gov/products/FR1802451335

About Allocore
Allocore powers leading government loans, grants, and fraud prevention programs with a unified platform built for efficiency and security. With trillions in loans and grants processed and billions in fraud prevented, Allocore brings the precision of commercial banking technology to the public sector. For more information, visit www.allocore.com and follow us at https://www.linkedin.com/company/allocore.

Adam Hughes
GovNavigators LLC
+1 202-320-3254
email us here

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Smith Names Connie Chung Vice President of Accounting, APAC

Smith Company LogoConnie Chung, Vice President of Accounting, APACConnie will lead the company’s financial administration in the Asia-Pacific region and ensure adherence to all relevant regulations and internal policiesIt has been a privilege to grow with this company, and I look forward to supporting our talented teams across the APAC region as we generate new opportunities for Smith worldwide.”— Connie Chung, Vice President of Accounting, APACHOUSTON, TX, UNITED STATES, June 30, 2025 /EINPresswire.com/ -- Smith, a leading global distributor of electronic components and semiconductors, today announces the appointment of Connie Chung to the position of Vice President of Accounting, APAC. In this role, Connie will align the company’s fiscal operations in the APAC region with global business initiatives to support Smith’s strong, long-term success."Smith's collaborative spirit and dedication to excellence have created a solid foundation for our financial strength and security," said Connie. "It has been a privilege to grow with this company, and I look forward to supporting our talented teams across the APAC region as we generate new opportunities for Smith worldwide." Connie joined Smith in 2004 as a Staff Accountant and served in a variety of leadership roles before being named Director of Accounting, Asia in 2018. Her contributions have been critical in guiding Smith’s financial goals throughout its continued expansion in one of the world’s fastest-growing markets. “Connie brings a proven track record of leadership, accuracy, and integrity to our Accounting department, and her ability to build and guide high-performing teams has been instrumental to our growth across Asia,” said Sean Trinh, Chief Accounting Officer at Smith. “We look forward to her continued success and impact in this key region.” About Smith Founded in 1984, Smith is the leading independent distributor of electronic components. Smith's Intelligent Distribution™ model offers a comprehensive suite of flexible and scalable supply chain solutions to source, manage, test, and ship billions of components to partners worldwide in every industry and vertical. The company is backed by more than 25 certifications and accreditations and has developed and implemented sustainable practices that exceed industry and regulatory requirements. Building on its decades of market data, cutting-edge technology, and a systems-based approach to quality excellence, Smith generated more than USD $2.6 billion in global revenue in 2024 and ranks eighth among all global distributors. Visit www.smithweb.com to learn more.
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