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HomeBankingRisk management specialist Abrigo snaps up TPG Software for investment accounting tech

Risk management specialist Abrigo snaps up TPG Software for investment accounting tech


  1. Acquisition of TPG Software by Abrigo:
    • Abrigo, a provider of compliance, credit risk, and lending solutions, has acquired TPG Software, a financial software developer headquartered in Houston, USA.
  2. TPG Software’s Offerings:
    • TPG Software offers a front-to-back straight-through processing solution designed to streamline risk management, accounting, and reporting processes for banks, credit unions, and other financial services firms.
    • Its solutions include trade capture, sub-ledger accounting, client safekeeping, reconciliation, fund and liquidity management, regulatory reporting, and risk monitoring.
    • One of its key products, Portfolio Genius, facilitates transaction processing and data collection for fixed-income assets and liabilities, consolidating general ledger entries and offering report management functionalities.
  3. Integration and Enhancement of Abrigo’s Offerings:
    • The acquisition will enable Abrigo to enhance its suite of technical accounting solutions and strengthen its risk management and reporting capabilities for financial institutions.
    • TPG’s technology will be integrated into Abrigo’s current expected credit loss (CECL) model, stress testing, income recognition, asset and liability management, and credit monitoring solutions.
  4. Market Potential and Importance:
    • The global investment accounting software market is projected to reach $8.2 billion within the next three years.
    • Abrigo emphasizes the importance of these capabilities, especially given the industry’s focus on liquidity, capital requirements, and earnings.

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