Abrigo Acquires Enterprise Risk Management Leader FARIN Financial Risk Management

Abrigo, a leading technology provider of compliance, credit risk, and lending solutions for community financial institutions, announced today the acquisition of Wisconsin-based FARIN Financial Risk Management (FARIN). FARIN is in the enterprise risk management space, with their flagship asset liability management platform and advisory services. Abrigo has made a number of acquisitions in recent months, building a suite of technology products for the banking industry. 

FARIN advisory services and solutions help financial institutions in determining interest rate and liquidity risk exposures and addressing these issues with loan and deposit pricing. FARIN’s industry experts focus on modeling the impact of net interest margins and interest rate shocks as well as providing loan and deposit pricing studies and tools.

“We are focused on accelerating growth through the acquisition of new technologies and capabilities, with the express purpose of providing our customers with best in class enterprise risk solutions,” said Wayne Roberts, CEO of Abrigo. Adding, “FARIN is a perfect fit for Abrigo’s strategy to make big things happen for community financial institutions. With its innovative approaches to asset liability management, FARIN enables its customers to grow and increase profits by managing market and liquidity risk.”

As previously reported by Banking Exchange, Abrigo is funded by private equity firm Accel-KKR (AKKR). Park Durrett, AKKR Managing Director, stated, “We invested in Abrigo to build a platform company serving financial institutions needing enterprise risk management solutions. This acquisition adds to a strong and growing portfolio and will continue to enhance the value the company brings to both its customers and the industry.”Accel-KKR is a technology-focused investment firm with over $5 billion in capital commitments.

Abrigo is a technology provider of compliance, credit risk, and lending solutions that community financial institutions use to manage risk and drive growth. The software is focused on everything from anti-money laundering to fraud detection to lending solutions….an overall focus on Enterprise Risk Management. FARIN’s focus has been on asset liability management software and advisory services.  On the retail side, they offerretail deposit and loan pricing solutions, core deposit analysis, capital planning, and credit risk management.