Abrigo launches new asset/liability management solution

Abrigo, a technology provider of compliance, credit risk, and lending solutions for community financial institutions, has launched a 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.

Abrigo ALM aims to help financial institutions satisfy more than “checking the box” for regulatory compliance, informing 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 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 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 on-premise Foresight ALM model.

“We are in a unique situation where we can combine the expertise from a legacy FARIN team with decades of experience in ALM with Abrigo’s ability to produce leading-edge technology that maximises efficiency and growth in the mechanics within community financial institutions,” said Koch. “The result is software that is transparent and easy to use, backed by an expert advisory team to help you understand exactly how to make the most of your ALM model. It’s the best of both worlds.”