Financial Institution Products Corporation

What Financial Institution Products Corporation does

Financial Institution Products Corporation (FIPCO) is a privately held Madison, Wisconsin-based vendor of compliance software, regulatory forms and supplies, IT audit and security services, and training for community banks and credit unions. The firm was founded in 1994 (with company-published materials citing over 30 years of operating history) and operates from a single headquarters in Madison with an employee base in the 11-50 range. Its primary customer segment is Wisconsin and surrounding Midwest community banks, with whom it maintains long-tenured relationships anchored by the Wisconsin Bankers Association (WBA) Gold Associate partnership and WBA/FIPCO co-branded forms.

The company's core technology is Compliance Concierge, a SaaS-style platform that guides users through loan, mortgage, and deposit account workflows and generates federal and state required documents in one centralized system, with interface integrations to data services such as Factual Data by CBC. The product surface has expanded to include ConnectFI (digital loan application and document collection, launched 2021), ShareFI (shared compliance and risk management services, created 2019), Loan Processing Central (loan documentation for resource-constrained or disaster-affected institutions), IT Audit & Security Services (FFIEC audits, vulnerability and penetration testing, cloud security posture management, ransomware protection), ATM Access Network, and physical products (forms, mortgage booklets, teller supplies, the Wisconsin Financial Institutions Directory, and the Account Titling Handbook). The software stack is supported by an Oracle Software Architect role (Chris Campion) and Senior Technology & Integration Analyst (Tim Hinz), indicating an Oracle-based application architecture.

FIPCO's revenue model blends three streams: subscription/recurring revenue from Compliance Concierge and related software licensing, one-time license and product sales from physical forms and banking supplies, and professional services revenue from training (in-person at Madison HQ and virtual via WebEx) and IT audit/security engagements. Go-to-market is sales-led with a concierge support model, supported by a small Business Development team (Sr. VP Jesse Voit, VP Donny Wilson, Manager Haylee Herget), a Customer Success function (Manager Christine McDermid), a Training and Support Specialist (Jennifer Kiefer), and direct customer contact via phone (800-722-3498), sales/support email, and website-driven demo and quote requests. Marketing channels include a monthly email newsletter (FIPCO Focus), regulatory content on the company blog, the annual Loan and Mortgage Forum (over 210 connections at the 2020 virtual event), and the WBA referral channel.

Name

Financial Institution Products Corporation

Legal name

Financial Institution Products Corporation

Website

https://fipco.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Financial Institution Products Corporation (FIPCO) is a privately held Madison, Wisconsin-based vendor of compliance software, regulatory forms, IT audit services, and training for community banks and credit unions, primarily in Wisconsin and the surrounding Midwest.

Ownership category

akta.pro rank

Product category

Banking Compliance Software and Services

NAICS

Credit Intermediation and Related Activities (522)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Compliance, Audit & Regulatory Services for Collections (FSAKAJAL)

akta.pro secondary industry

Financial Reporting & Technical Accounting Advisory (GAAP/IFRS) (BPAHABAF)

Keywords

• Compliance management software
• Banking forms supplies
• IT audit services
• Loan processing tools
• Regulatory compliance training

Headquarters

HQ city

Madison

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Software/Subscription Services: Compliance Concierge software platform for loan processing, deposit management, and compliance documentation. Generates recurring revenue through software licensing and support contracts.
2. Forms and Supplies: Sale of mortgage booklets, teller supplies, coin and currency items, safety paper, signature card stock, and electronic/hard copy forms.
3. Training Services: In-person and virtual training sessions conducted at Madison headquarters or via WebEx, with curriculum customized for specific institutional requirements.
4. IT Audit & Security Services: World-class security solutions including malicious code protection, cloud security, vulnerability testing, FFIEC audits, and risk management.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Financial Institution Products Corporation (FIPCO) sells compliance management software (Compliance Concierge), IT audit and security services, physical and electronic regulatory forms, mortgage booklets, teller supplies, and customized compliance training to banks and credit unions. Its solutions centralize loan, mortgage, and deposit documentation with all federal and state required forms integrated, and bundle advisory, supplies, and training under a single concierge support model.

Product overview

FIPCO offers a unified suite of financial compliance and operational products and services designed for financial institutions. The core product is Compliance Concierge, a software platform used for opening accounts and generating loan and mortgage documents with federal and state required documents. This integrates with related services including Loan Processing Central for specialized loan documentation needs and ShareFI for shared compliance and risk management. FIPCO also provides Forms & Mortgage Booklets (both electronic and hard copy) and Form Library instructions that are routinely updated with regulatory changes. Additional offerings include teller and counter supplies, the Wisconsin Financial Institutions Directory, Account Titling Handbook, and IT Audit & Security Services covering cybersecurity, vulnerability testing, and FFIEC audits. The company also offers ConnectFI for digital lending. With 30+ years in business, FIPCO operates as a one-stop shop for compliance management, forms, and essential banking supplies for financial institutions, primarily serving Wisconsin-based banks.

Differentiator

Problem solved

Functional benefit

Brands

• Compliance Concierge: A loan processing and deposit compliance tool that guides users through each step, managing federal and state required documents.
• ConnectFI
• ShareFI
• Loan Processing Central
• ATM Access Network

Products and services

• Compliance Concierge Software platform used by financial institutions for opening accounts and generating loan, mortgage, and deposit documents. Includes all federal and state required documents and is capable of integrating with other products via defined interfaces.
• IT Audit & Security Services Professional services offering for financial institutions covering proactive security programs including malicious code and ransomware protection, cloud security posture management, vulnerability and penetration testing, and FFIEC audits and risk management.
• Loan Processing Central Service that quickly and accurately creates loan documentation when financial institutions face disasters, staff shortages, or unfamiliarity with loan types.
• ShareFI Compliance & Management Services Compliance and quality control services with strategic planning for financial institutions, delivered through FIPCO's shared compliance and risk management business model.
• ConnectFI Digital loan application and document collection solution providing an unmatched customer lending experience for financial institutions and their borrowers.
• Forms & Mortgage Booklets Financial forms including mortgage booklets, electronic and hard copy forms, revised forms, and model forms routinely updated with state and federal regulatory changes.
• Form Library and Instructions (eSatellite Manuals) Sample copies and instructions for WBA/FIPCO forms that are routinely updated with state and federal regulatory changes to maintain compliance.
• Teller & Counter Supplies Essentials for front-line staff including teller supplies, coin and currency supplies, and safety paper and signature card stock, customizable to financial institutions.
• Account Titling Handbook Reference handbook for account titling procedures and best practices used by financial institutions.
• Wisconsin Financial Institutions Directory Annual reference directory providing information about financial institutions operating in Wisconsin.
• ATM Access Network Provides ATM access network services for financial institutions.
• FIPCO Training Services In-person and virtual training sessions conducted at Madison headquarters or via WebEx, with curriculum customized for specific institutional requirements on compliance, loan, mortgage, and deposit operations.

Quantifiable outcome

• Over 40 secondary market documents updated for GSE changes
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• IMMcoreTechnology or Integration · 10 February 2021Partnership with IMM, a premier provider of eSignature and Digital Transaction solutions designed exclusively for financial institutions, to expand eSignature options for FIPCO customers. Enables customers to manage workflows with electronic signature capability.
• Wisconsin Bankers Association (WBA)coreStrategic or Co-development PartnerLong-standing partnership for WBA/FIPCO compliance forms and products. FIPCO is a WBA Gold Associate Member. Forms are routinely updated with state and federal regulatory changes.
• interface.aiminorGTM or Marketing PartnerInterface.ai provides AI-powered phone systems for financial institutions. FIPCO shares information about interface.ai's services to FIPCO customers interested in AI automation for call centers.
• ShareFIcoreStrategic or Co-development PartnerShareFI is FIPCO's business model for shared compliance and risk management launched in 2019. Created to meet demand for shared loan processing and origination services.
• ConnectFIcoreStrategic or Co-development PartnerDigital loan application and document collection solution providing an unmatched customer lending experience. Part of FIPCO's loan processing ecosystem.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Mortgage Cadence (Accenture): Mortgage Cadence provides enterprise mortgage loan origination technology, overlapping with FIPCO's loan processing and mortgage document generation capabilities at larger financial institutions.
• Wolters Kluwer Financial Services: Wolters Kluwer offers enterprise compliance and regulatory software for banks and financial institutions, including document automation and compliance content—competing with FIPCO at larger institutions while serving similar core needs.
• Jack Henry & Associates: Jack Henry provides core banking, loan origination, and compliance technology to community banks—overlapping with FIPCO's loan processing and compliance documentation offerings, but at much larger scale and broader functionality.
• Finastra: Finastra offers lending, compliance, and core banking software to financial institutions globally, including community banks—competing with FIPCO in loan documentation and compliance workflow automation.
• FIS: FIS is a large financial technology provider with loan origination, deposit, and compliance products—competing with FIPCO's Compliance Concierge and ConnectFI at larger community and regional banks.
• Q2 Holdings: Q2 Holdings provides digital banking and lending solutions to community and regional banks, with digital loan application capabilities that overlap with FIPCO's ConnectFI offering.

Direct peers

• Compliance Systems, Inc. Compliance Systems provides compliance documentation and workflow software for banks and lenders—directly comparable to FIPCO's Compliance Concierge in functionality and target customer.
• Abrigo: Abrigo provides compliance, lending, and risk management software specifically built for community banks and credit unions—directly overlapping with FIPCO's Compliance Concierge and ShareFI offerings in target market and use case.
• MeridianLink: MeridianLink provides loan origination and digital lending software to banks and credit unions—directly competing with FIPCO's ConnectFI digital loan application and document collection solution.

Regional players

• SHAZAM: SHAZAM provides payment processing, IT, and security services to community banks and credit unions, primarily in the Midwest—serving similar customer base to FIPCO with overlapping IT audit and security service offerings.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Financial Institution Products Corporation