Austin, Texas, September 16, 2020 – Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for financial institutions, announced the launch of its web-based Asset/Liability Management (ALM) solution. Abrigo ALM is hosted in the Abrigo Data Center, allowing for seamless integration within the Abrigo platform and greater alignment between ALM and other risk management solutions.
In today’s uncertain economic environment, it is increasingly important for financial institutions to have access to the latest data and information needed for strategic planning. Abrigo ALM helps financial institutions satisfy more than “checking the box” for regulatory compliance. The dynamic, robust Abrigo ALM model informs sound decision-making in both strategy and risk. In addition to reporting, budgeting, and maintaining regulatory compliance, the Abrigo ALM solution connects to the Abrigo platform, integrating streamlined data between other risk management solutions including Sageworks ALLL, Stress Testing, and Portfolio Insights. Financial institution executives can easily access and harness their data for meaningful reports and consistency across these audited and impactful processes.
“During this unprecedented time, it’s critical that financial institutions have the tools they need to manage risk and drive growth effectively, and we’re excited to introduce Abrigo’s innovative ALM technology to support that initiative,” said Dave Koch, Abrigo’s Managing Director of Advisory Services. “Not only does Abrigo ALM enable institutions to improve their profitability and risk – no matter the economic conditions – it also connects key data to other areas of risk management to give customers a singular view of their opportunities and impact on risks.”
The Abrigo ALM model is the result of Abrigo’s 2019 acquisition of FARIN Financial Risk Management (FARIN), a leader in asset/liability management software and advisory services for more than 30 years, and the new solution has its roots in the legacy FARIN’s robust on-premise ForesightTM ALM model.