Abrigo Teams Up with FRANdata to Bolster Access to Franchise Data
Austin, T.X., March 11, 2019 – Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for community financial institutions, today announced its partnership with FRANdata, an industry leader in strategic analysis, forecasting, and measuring of franchise performance operations.
FRANdata, headquartered in Arlington, Va., is the only company with access to verified information and data on the more than 7,000 franchise brands in the United States. Abrigo will now make the information accessible to bankers who are evaluating franchised businesses, reducing risk for financial institutions and saving hours of manual research and input – an especially important advantage for SBA lenders.
FRANdata will connect through Abrigo’s API, and the data may be accessed anywhere within the Sageworks Credit Risk Solution. The franchise data can be leveraged in reporting through both the credit memorandum or the standard report.
“This integration is another way we’re helping our community bank and credit union clients grow,” said Jay Blandford, President at Abrigo. “By putting this information into lenders’ hands, we’re empowering them with better data and equipping them to make loan decisions faster, which is beneficial for the business and the institution’s ability to grow. So we are thrilled to integrate with FRANdata, and we’re confident that this partnership will create an even more intuitive, seamless experience.”
“In a world of big data, Abrigo recognizes that its lender customers need fast access to the best franchise underwriting information. Therefore, Abrigo has fully integrated FRANdata’s FUND scoring system into its financial platform,” said Edith Wiseman, President of FRANdata. “FRANdata is excited to partner with Abrigo to bring enhanced access to capital for franchisees of credit worthy brands.”
In the past year, Abrigo – formerly, Sageworks, Banker’s Toolbox, FARIN, and MainStreet Technologies – invested in third-party relationships and integrations with the goal of giving users better information and a better experience. Other, recent integrations include Adobe Sign, Docusign, and FICO’s LiquidCredit, and the company will continue to make information accessible through the Abrigo API to engage additional partners.
For more information on the integration, Abrigo’s API Network, or implementing FRANdata into your Sageworks account, please contact us at firstname.lastname@example.org.
Abrigo is a leading technology provider of compliance, credit risk, and lending solutions that community financial institutions use to manage risk and drive growth. Our software automates key processes – from anti-money laundering to fraud detection to lending solutions – empowering our customers by addressing their Enterprise Risk Management needs. Visit www.abrigo.com to learn more. Follow Abrigo on social media using @WeAreAbrigo.
FRANdata is the only franchise-focused research and advisory company in the industry. By leveraging the largest database of franchise information to date and with over 30 years’ experience analyzing the franchise market, FRANdata creates targeted business development strategies and actionable solutions that provides their clients with the information they need to both understand risk and maximize their franchise portfolio. FRANdata is the creator of the FUND (Franchise Credit) score which is relied upon by lenders with over a trillion dollars in assets to assess their franchise credit risks. For more information visit us at www.frandata.com .