About Mainstreet Tech
Mainstreet Tech is a Financial Services company based in Atlanta (United States) founded in 1999, and was acquired by Abrigo in April 2018. Regulatory compliance software for CECL transitions in finance is provided. It operates in the Financial Services and Technology sectors. The company has 10 employees. Mainstreet Tech offers products and services including Lending Software, Financial Crime Solutions, and Portfolio Risk Software. Its focus areas include FinTech, Banking Tech, RegTech and Diversified. Its competitors include Socure, Alloy and Synctera; 3 of its 3 listed competitors have raised funding.
Company details
MST offers software that enables the transition from ALLL to CECL. Offers three products - Loan Loss Analyzer, Virtual Economist, and Shadow Loan Analysis. Loan Loss Analyzer compiles and manages data to calculate the relationship between economic variables and loan level data to support forecasts. Offers different models that help Financial Institutions to manage loss rate methods, roll-rate methods, and probability-of-default methods. Virtual Economist collects historical and forecasted economic data and enables banks to run correlation analysis. Shadow Loss Analysis enables financial institutions to test different models, methodologies, and assumptions.
Products & Services of Mainstreet Tech
Mainstreet Tech offers a comprehensive portfolio of products and services, including Lending Software, Financial Crime Solutions, and Portfolio Risk Software.
Automates lending processes to reduce costs and improve efficiency for banks.
Tools for AML, sanction screening, and fraud detection in financial institutions.
Optimizes financial performance through CECL and stress testing solutions.
Investors in Mainstreet Tech
Mainstreet Tech has secured backing from 1 investor. Prominent investors backing the company include Abrigo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Risk and compliance management solutions are offered to financial institutions. | 2000 | abrigo.com | Austin, United States |
Investor details for Mainstreet Tech
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Timeline of Mainstreet Tech
2 dated milestones of Mainstreet Tech across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Mainstreet Tech is founded.
- Exit Acquired by Abrigo.
Competitors of Mainstreet Tech
Mainstreet Tech has 3 listed competitors in our database, 3 of them funded. They include Socure, Alloy and Synctera.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| socure.com | 2012 | New York, United States | $650.25M | 88 | AI-based identity verification and fraud detection are provided. | |
| alloy.com | 2015 | New York, United States | $211.37M | 216 | Identity decisioning platform is provided for banks and fintech firms. | |
| synctera.com | 2019 | San Francisco, United States | $95.17M | 58 | Software suite is developed for banks and financial institutions. |
Detailed competitors of Mainstreet Tech
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Top companies in Regulatory & Compliance Tech
3 companies that operate in the same segment as Mainstreet Tech (Regulatory & Compliance Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 724 | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | 815 |
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Related news about Mainstreet Tech
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Frequently Asked Questions about Mainstreet Tech
Mainstreet Tech was founded in 1999.
Mainstreet Tech is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Mainstreet Tech has 10 employees.
MST offers software that enables the transition from ALLL to CECL. Offers three products - Loan Loss Analyzer, Virtual Economist, and Shadow Loan Analysis. Loan Loss Analyzer compiles and manages data to calculate the relationship between economic variables and loan level data to support forecasts. Offers different models that help Financial Institutions to manage loss rate methods, roll-rate methods, and probability-of-default methods. Virtual Economist collects historical and forecasted economic data and enables banks to run correlation analysis. Shadow Loss Analysis enables financial institutions to test different models, methodologies, and assumptions.
Mainstreet Tech offers Lending Software, Financial Crime Solutions, and Portfolio Risk Software.
Mainstreet Tech has 1 investor. Key investors include Abrigo.
Yes. Mainstreet Tech was acquired by Abrigo in April 2018.