Abrigo, a leading provider of growth and risk management software for U.
S. banks and credit unions, has acquired Journey Technology Solutions, a banking data, strategy, and analytics firm, to enhance its capabilities in delivering actionable intelligence to financial institutions.
Journey Technology Solutions specializes in data aggregation, automated reporting, and behavioral analytics for community financial institutions. This acquisition is intended to strengthen Abrigo’s data analytics offerings, allowing financial institutions to transform complex data into actionable insights without the need for extensive data infrastructure, specialized analytics personnel, or prolonged implementation periods. The integration of Journey’s expertise aims to provide intuitive, role-based dashboards for bank leaders to facilitate quicker, more informed strategic and operational decisions.
Jay Blandford, CEO at Abrigo, stated, “Community financial institutions are under increasing pressure to do more with less, and data clarity is no longer optional. Adding Journey accelerates our ability to deliver powerful, visual, and actionable intelligence without financial institutions having to shoulder the burden of complex data stacks, expensive data analytics staff, or long implementation timelines.”
Journey Technology Solutions unifies core, ancillary, and external data into a single, comprehensive view, enabling executive teams and boards to utilize dynamic dashboards instead of static reports. Their expertise covers key banking use cases, including profitability analysis, exception monitoring, customer attrition, relationship pricing, and targeted marketing.
Mark Blankespoor, Partner at Journey Technology Solutions, commented, “Journey Technology Solutions was created to make data analysis practical and approachable for community financial institutions – especially those without large in-house analytics teams. By joining Abrigo, we can extend that hands-on expertise and proven methodology to more financial institutions, helping them transform fragmented data silos into confident decisions without added complexity or overhead.”
Abrigo currently curates and visualizes banking data across various functions, including deposit, lending, credit risk, financial crime management, enterprise risk, and operations. The addition of Journey Technology Solutions’ capabilities is set to further enhance Abrigo’s ability to highlight meaningful insights such as anomalies, profitability drivers, and customer behavior patterns through clear visualizations tailored for bank leadership and frontline teams.
