Abrigo provides software-as-a-service (SaaS) risk management tools for banks and credit unions. Its solutions cover AML and fraud detection, lending/credit risk management, asset-liability management (ALM), and stress testing, all delivered via a cloud-based platform that automates and streamlines risk processes for financial institutions. The product suite helps customers increase loan production, cut false positives in fraud detection, and reallocate staff time toward growth initiatives. Competitively, Abrigo differentiates itself by focusing on community banks and credit unions, offering an integrated set of risk tools in one platform, plus educational resources and demonstrations to help clients stay current. The company’s goal is to improve efficiency, reduce costs, and support sustainable growth and profitability for its financial-institution clients.
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Industries
Company Size
501-1,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
N/A
Headquarters
Raleigh, NC
Founded
2000
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Abrigo confirms 'data security incident' caused 3-day outage. A cyberattack on lending software giant Abrigo has caused system outages, potentially delaying credit processing and highlighting risks in the financing tech chain. Curated by Financing Your Way from original reporting by American Banker - Top News. Summary is AI-assisted and editorially reviewed - see its editorial standards. This news is a major warning for any retailer or lender using third-party software to manage credit risk and loan originations. Abrigo, a major provider of compliance and lending software (including the popular Sageworks platform), recently suffered a three-day system outage caused by a cyberattack. While the company says the breach is contained, many borrower-facing features remained offline. For a business owner, this means potential delays in processing customer credit applications or managing existing loan portfolios if your lender relies on these backend tools. The situation highlights a hidden risk in modern consumer financing: your ability to close a sale often depends on a chain of software providers you don't control. When a platform like Sageworks goes dark, the flow of credit can stop instantly. This incident did not just affect banks; it impacted the tools used to calculate risk and approve borrowers. If you are currently seeing slow response times from your financing partners or errors in your lending portal, this industry-wide incident may be the root cause. It is a good time to ask your financing providers about their backup plans for technical outages and how they protect the sensitive data your customers submit during the application process. Who else is covering this
Fintech platform Sageworks taken offline after suspected cyberattack. By GIXnews / November 2, 2026 Financial technology company Abrigo has restored its Sageworks risk management application, except for borrower-facing capabilities, following an outage triggered by "irregular activity" in its environment. [...]
Abrigo introduces Customer Hub to connect customer intelligence across financial crime investigations. RALEIGH, N.C. - October 20, 2026 - Abrigo, a leading provider of compliance, portfolio risk, lending, data, and AI solutions for financial institutions, today launched Customer Hub, a new capability within its financial crime platform. Customer Hub helps financial institutions investigate potential financial crime through its unified view of customer relationships, activity, and risk. It brings customer, account, transaction, alert, case, SAR, CTR, fraud, scan, and risk data together across BAM+ and Abrigo Fraud Detection, enabling analysts to build a clearer picture without piecing information together across pages and systems. Fragmented information can slow financial crime investigations and make it harder to identify relevant connections. In ACAMS' 2026 Global AFC Threats Report, 52% of respondents identified outdated data and legacy IT systems as posing a high or very high risk to their financial crime programs. "Financial crime rarely happens in isolation. The most important clues are often small details documented in a customer's account information and transaction history," said Jay Blandford, CEO at Abrigo. "Customer Hub brings that context together in one place, helping financial institutions investigate faster and make more informed decisions." Customer Hub's universal search bar helps analysts find customer information from anywhere within the platform and review it in one workspace, with details accessible without leaving the page. An interactive relationship map reveals connections between customers and accounts, while a Flow of Funds visualization helps track money movement for wire transactions. Risk rating trends and contributing factors show how customer risk changes over time, helping investigators build a more complete picture. Since Customer Hub is available across the Abrigo Financial Crime platform, AML/CFT and fraud teams can work from the same comprehensive view of the customer relationship. This helps institutions connect AML and fraud activity, reduce siloed reviews, and bring relevant context into investigations. "The look and feel of Customer Hub is modern and streamlined," said Amy Ely, AML/CFT Officer at Gulf Capital Bank, who participated in Customer Hub's beta testing. "I look forward to using it more!" Customer Hub will be available to Abrigo-hosted customers as part of the financial crime platform. Existing hosted customers will receive the feature in waves over the coming months, while all new hosted customers will have access upon implementation. About Abrigo Abrigo offers a trusted, AI-powered intelligence platform for U.S. banks and credit unions. Drawing on more than 25 years of banking expertise, Abrigo brings together data, workflows, and software across lending, financial crime and compliance, portfolio risk management, banking intelligence, and customer relationship management. More than 2,400 institutions rely on Abrigo to make informed decisions, drive growth, strengthen customer relationships, manage risk, and serve their communities. Media Contact [email protected]
Abrigo named to Chartis RiskTech100 2027. Raleigh, NC - September 24, 2026 - Abrigo, a leading provider of compliance, credit risk, and lending solutions for financial institutions, today announced that it has been recognized in the annual Chartis RiskTech100 2027 report, ranking #19 overall. The RiskTech100 is an independent study of the world's major players in risk and compliance technology. Abrigo's inclusion and elevation to the top 20 reflect its continued strength across risk management in lending, CRM, financial crime, data management, and financial operations. Abrigo was also recognized with three additional awards in Agricultural Lending, Lending Operations - Client Relationship Management, and Managed Services - Credit Risk. "U.S. financial institutions need more than risk technology; they need a trusted partner to help turn risk management into a strategic asset," said Jay Blandford, CEO at Abrigo. "Abrigo brings together expertise, data, and solutions to manage risk with greater confidence and make smarter lending and business decisions. This recognition reflects our commitment to being a trusted intelligence network for our customers as they navigate increasingly complex market demands." "Abrigo's innovative and contextually aligned business model and steady scalability were the key drivers for its ranking in the top 20 of the RiskTech100(R) 2027," said Sid Dash, Chief Researcher at Chartis. "In addition, its managed services platform, which spans a range of risk and operational requirements, was responsible for its category awards in Agricultural Lending, Lending Operations - Client Relationship Management, and Managed Services - Credit Risk." This award win comes soon after Abrigo's recent product announcements, including Abrigo APX for lending, which brings governed agentic lending capabilities to U.S. financial institutions, and Abrigo Allowance - Intelligent Automation, which enhances the company's market-leading CECL software. About Abrigo Abrigo is an AI-powered platform that helps U.S. financial institutions manage risk and drive growth. As a leading provider of software and services spanning lending, financial crime and compliance, analytics and intelligence, and customer relationship management, Abrigo brings together governed, explainable AI and trusted banking expertise in one connected platform. More than 2,400 institutions use Abrigo to improve efficiency and make informed decisions with solutions that work alongside their teams to help communities thrive. Visit abrigo.com to learn more. About Chartis Research Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns major brands such as Risk.net and Waterstechnology. Chartis's mission is to support companies as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. Media Contact Ami Atha - [email protected]
Abrigo named to Triangle Business Journal Best Places to Work list for eighth consecutive year. Raleigh, NC - August 21, 2026 - Abrigo, a leading provider of compliance, credit risk, and lending solutions for financial institutions, has been named a 2026 Best Place to Work in the Triangle and #13 in the large companies category by the Triangle Business Journal, a multimedia source for local business news, research, and events in the Raleigh, Durham, Chapel Hill region of North Carolina. The Best Places to Work Awards are an annual program recognizing outstanding companies for positive work environments and policies that employees value. Winners are chosen based on employee survey feedback conducted annually by the Triangle Business Journal. This marks Abrigo's eighth year on the award list. Abrigo is headquartered in Raleigh, North Carolina, but has a second office in Austin, Texas, where it has been named to the Austin-American Statesman's Top Places to Work list for seven years running. Abrigo is proud to offer a flexible work model with offices in Austin and Raleigh open to employees seeking in-person community, as well as a remote work option. The company has also won workplace awards from American Banker, Diversity Jobs, and the Austin Chamber of Commerce. 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. Its AI-powered product portfolio helps institutions harness their data and leverage AI while maintaining trust, compliance, and explainability. Abrigo deliver transformational technology, product innovation, world-class support, and unparalleled expertise so its customers can face complex challenges and make big things happen.
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Industries
Company Size
501-1,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
N/A
Headquarters
Raleigh, NC
Founded
2000
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs