Abrigo, a provider of compliance, credit risk, and lending solutions, has acquired Integrated Financial Solutions (IFS), the developer of IFSLeaseWorks. Based in Hasbrouck Heights, N.J., IFS specializes in lease and loan origination automation. This acquisition expands Abrigo’s suite of digital lending tools, enhancing its ability to serve financial institutions with equipment and vehicular financing solutions. CEO Jay Blandford emphasized the importance of automation in helping financial institutions grow while maintaining profitability, noting that the addition of IFSLeaseWorks strengthens Abrigo’s existing lending platform.
IFSLeaseWorks offers cloud-based solutions that streamline the entire lease and loan lifecycle, from origination and credit decision-making to billing and asset management. As the demand for digital efficiency increases in the financial sector, this collaboration positions Abrigo to meet the needs of leasing companies and financial institutions looking to optimize operations. Industry reports indicate a 7 percent annual growth in the U.S. equipment leasing market, further highlighting the demand for automated solutions. IFS CEO Mitch Kaufman expressed confidence that joining Abrigo will accelerate innovation and expand market reach. With this acquisition, Abrigo aims to support financial institutions in diversifying their portfolios while maintaining operational efficiency.
