Abrigo wins “Best AML Solution” for Scenario Tuner in 2025 FinTech Breakthrough Awards
Austin, Texas, March 19, 2025 – Abrigo, a leading provider of compliance, credit risk, and lending solutions for financial institutions, announced today that its Scenario Tuner has been selected as winner of the “Best AML Solution” award in the 9th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
Abrigo’s Scenario Tuner, part of their BAM+ AML solution, equips financial institutions with the power to fine-tune their risk detection systems through Above-the-Line (ATL) and Below-the-Line (BTL) testing. This feature allows users to assess potential alerts by testing scenarios with both higher and lower thresholds, ensuring a full spectrum analysis.
The breakthrough solution enables financial institutions to identify parameters causing excessive false positives or thresholds set too high to catch suspicious activity. Potential alerts can be assessed for active scenarios and the parameters can be fine-tuned to ensure a comprehensive analysis and enable precise calibration and optimization of an institution’s risk detection capabilities.
Scenario Tuner comes with a user-friendly design and powerful reporting capabilities. Intuitive charts and graphs visualize testing results, empowering data-driven decisions and enabling institutions to adapt quickly to new challenges. The ability to generate detailed reports and export data to share with stakeholders ensures transparency and efficiency.
“Abrigo’s Scenario Tuner transforms how financial institutions fine-tune their risk detection systems and stay ahead of financial crime. The financial crime industry faces an average false positive rate of approximately 42% – reaching as high as 95% for larger institutions. These false positives are costly and lead to extra admin time to resolve,” said Steve Johansson, Managing Director, FinTech Breakthrough. “Scenario Tuner proves vital for banking compliance by transforming how financial institutions tackle risk. With advanced testing, powerful insights, and unmatched team support, Abrigo is helping institutions optimize their AML programs and break through the noise.”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Cryptocurrencies, Lending, Payments, Investments, RegTech, InsurTech and many more.
“We devised Scenario Tuner to help financial institutions fight financial crime through a collaborative approach that magnifies operational efficiency while making AML programs more effective. This functionality creates a risk detection system that’s precise, efficient, and optimized to stay ahead of emerging threats,” said Jay Blandford, CEO of Abrigo. “We’re thrilled to receive ‘Best AML Solution’ from FinTech Breakthrough for Scenario Tuner. AML staff can say goodbye to guesswork as they now have a way to establish scenario parameters that will produce the highest quality alerts and keep your institution ahead of potential financial crime.”
Additionally, Abrigo Advisory Services supports institutions with ATL/BTL testing to ensure compliance and tailored optimization. Leveraging years of expertise, the team can help institutions recalibrate their AML/CFT software to better align with their unique risk profiles, customer demographics, and product offerings.
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About Abrigo
Abrigo is a leading provider of risk management, financial crime prevention, and lending software and services that help more than 2,400 financial institutions manage risk and drive growth in a rapidly changing world. We deliver transformational technology, product innovation, world-class support, and unparalleled expertise so our customers can face complex challenges and make big things happen.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring breakthrough innovation in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the standout achievements of FinTech companies and products in categories that include Payments, Personal Finance, Cryptocurrency, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.
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