July 11, 2019 (Washington, D.C.) – Summit Consulting (Summit), along with its analytics partner Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, announced today their latest win: a $50 million Blanket Purchase Agreement (BPA) Award for Transformation Support Services with the U.S. Department of Education (ED).
From the award:
The Office of Federal Student Aid (FSA) at the U.S. Department of Education aspires to become a world class financial services organization. In order to achieve this vision, FSA is in the process of transforming the way student financing is managed, by creating a customer-centric and fully integrated financial services environment... These services would include….integrated consulting services, integrated business program support services, program management services, portfolio analysis/management services…
Summit and Aon have been collaborating since 2015 on a wide range of projects focused primarily on analyzing credit default. As thought leaders in federal credit reform and fair value accounting practices, the Summit-Aon team brings distinctive expertise to valuing FSA’s loan portfolio. Together, Summit and Aon also have strong experience moving financial services management into online cloud-based environments, facilitating faster portfolio analysis, and harnessing more robust Business Intelligence tools. The expertise from both Summit and Aon makes this collaborative team uniquely suited to understand and analyze FSA's portfolio.
Summit partner Anthony Curcio said, “This work will be transformational for our nation’s growing portfolio of student loans. Summit, as the leading provider of Federal Credit analytics, working alongside Aon, will be at the forefront of this groundbreaking effort.”
Summit is a specialized analytics advisory firm that guides federal agencies, financial institutions, and litigators as they strive to understand their most complex analytical challenges. Summit’s staff of economists, econometricians, and research scientists use quantitative techniques to assist our clients as they model risk, evaluate program performance, and predict future performance.
Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
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