Abrigo Loan Origination

70 reviews

Sageworks Lending & Credit allows banks and credit unions to book loans more quickly without neglecting the quality of the portfolio.

Abrigo Anti-money Laundering

48 reviews

Detect and alert you to a host of fraud types, while providing a central case management system to resolve alerts quickly and efficiently. Better identify, detect and stop the types of fraud that are truly affecting your institution.

ProfitCents

10 reviews

ProfitCents offers Financial Statement Analysis tools that take financial data and convert it into reports with industry comparisons, ratio, and trend analysis.

Abrigo Fraud Detection

2 reviews

BAM+ Fraud is a comprehensive fraud detection and prevention software designed to protect financial institutions from a wide range of fraudulent activities. Leveraging advanced artificial intelligence and machine learning technologies, BAM+ Fraud enables banks and credit unions to detect, manage, and resolve suspicious financial activities efficiently. The platform is highly configurable, allowing institutions to tailor its functionalities to their unique risk profiles, customer bases, and operational needs. Key Features and Functionality: - Multi-Channel Fraud Detection: BAM+ Fraud monitors various transaction channels, including checks, ACH, wire transfers, debit cards, and new account openings, to identify and prevent fraudulent activities across the board. - AI-Powered Analysis: The software utilizes artificial intelligence and machine learning to analyze transaction patterns, detect anomalies, and reduce false positives, enabling institutions to focus on genuine threats. - Customizable Scenarios: Institutions can configure fraud detection scenarios to align with their specific risk tolerances and operational requirements, ensuring a targeted and effective approach to fraud prevention. - Centralized Case Management: BAM+ Fraud provides a unified case management system that streamlines the investigation and resolution of fraud alerts, enhancing operational efficiency. - OFAC and Watchlist Screening: The platform integrates watchlist screening to identify alerts from over 25 scanned watchlists, ensuring compliance with sanctions and regulatory requirements. - Direct Filing to FinCEN: BAM+ Fraud allows for the direct filing of Currency Transaction Reports (CTRs and Suspicious Activity Reports (SARs to FinCEN, streamlining compliance processes and ensuring timely reporting. Primary Value and Problem Solved: BAM+ Fraud addresses the critical need for financial institutions to safeguard against increasingly sophisticated fraudulent activities. By automating fraud detection processes and leveraging advanced AI technologies, the platform reduces the incidence of false positives, allowing institutions to concentrate resources on genuine threats. Its customizable nature ensures that each institution can tailor the system to its unique risk profile, enhancing the effectiveness of fraud prevention efforts. Additionally, the centralized case management and direct reporting capabilities streamline compliance workflows, reducing operational burdens and ensuring adherence to regulatory requirements. Overall, BAM+ Fraud empowers financial institutions to protect their assets and customers more effectively, fostering trust and security in their operations.

Abrigo Portfolio Insights

1 review

Abrigo Portfolio Insights is a comprehensive portfolio risk management solution designed to help financial institutions efficiently manage and mitigate risks across their portfolios. By integrating various risk management processes into a unified platform, it enables institutions to streamline operations, enhance decision-making, and ensure regulatory compliance. Key Features and Functionality: - Allowance/CECL Calculation: Automates the calculation of the Current Expected Credit Loss (CECL allowance, providing thorough documentation and facilitating smoother examinations. - Stress Testing: Identifies potential risks within portfolios, concentrations, and borrower relationships, aiding in strategic planning and capital management. - Asset/Liability Management (ALM: Offers dynamic modeling tools that deliver a comprehensive view of opportunities and risks, supporting better strategic decisions. - Investment Accounting: Automates data management and workflows to streamline investment accounting processes, ensuring compliance and improving report management. - Loan Review: Enhances loan review processes by automating risk-based sampling, standardizing workflows, and providing actionable reporting for informed decision-making. - Income Recognition: Accurately recognizes accretion for acquired loan portfolios, automating key processes to ensure compliance with Generally Accepted Accounting Principles (GAAP. Primary Value and User Benefits: Abrigo Portfolio Insights addresses the challenges of managing portfolio-wide risk by providing an integrated solution that reduces manual data entry errors, increases defensibility through comprehensive documentation, and offers consistent assumptions and data sources. This unified approach enhances visibility into portfolio health, streamlines disclosures and backtesting, and supports financial institutions in making informed strategic decisions. By automating and connecting critical risk management functions, the solution empowers institutions to optimize financial performance and maintain regulatory compliance.

Abrigo Allowance/CECL

1 review

Abrigo's Allowance software streamlines the calculation of the Allowance for Credit Losses (ACL) under the Current Expected Credit Loss (CECL) standard. Trusted by over 1,200 financial institutions, it offers flexibility to support both simple and complex portfolios through configurable, no-code implementations. The software provides a range of methodologies, including discounted cash flow and probability of default/loss given default models, enabling institutions to maintain compliance as market practices evolve. Integrated data archiving and robust reporting features enhance efficiency and support strategic decision-making, while award-winning support and advisory services ensure a smooth implementation and ongoing compliance.

Sageworks Credit Risk

0 reviews

Sageworks Credit Risk Software by Abrigo is a comprehensive solution designed to streamline and enhance the credit risk management process for financial institutions. By integrating various aspects of credit analysis into a single platform, it reduces redundant data entry, ensures consistent application of credit policies, and accelerates decision-making from underwriting to loan closing. This unified approach not only minimizes bottlenecks but also strengthens the defensibility and precision of credit decisions. Key Features and Functionality: - Automated Credit Spreading: Eliminates manual data entry, allowing credit teams to focus on in-depth analysis rather than administrative tasks. - Consistent Risk Rating: Utilizes dynamic and comprehensive risk rating models to identify potential problem loans early and maintain portfolio health. - Global Cash Flow Analysis: Provides accurate assessments of complex entities' income and debt, facilitating informed lending decisions. - Loan Pricing Tools: Applies risk- and target-based pricing scenarios, ensuring loan pricing strategies align with institutional goals. - Automated Loan Administration: Tracks covenant and document exceptions, reducing preparation time and costs associated with loan reviews. - Data-Driven Decision Making: Leverages projections and proprietary industry data to inform decisions on commercial and real estate loans. Primary Value and User Solutions: Sageworks Credit Risk Software addresses the challenges financial institutions face with fragmented systems and subjective risk assessments. By automating routine tasks and standardizing workflows, it enhances operational efficiency, reduces errors, and ensures compliance with credit policies. This leads to faster loan processing times, improved customer satisfaction, and a more robust risk management framework, ultimately supporting the institution's growth and stability.

WirePro

0 reviews

WirePro is a comprehensive solution designed to enhance the efficiency and accuracy of wire transfer monitoring within financial institutions. By automating the detection of suspicious activities, WirePro aids in maintaining compliance with regulatory standards and mitigating potential fraud risks. Key Features and Functionality: - Automated Monitoring: WirePro continuously scans wire transfer activities, identifying anomalies and potential fraudulent transactions in real-time. - Regulatory Compliance: The system ensures adherence to Bank Secrecy Act (BSA and Anti-Money Laundering (AML regulations by providing comprehensive reporting and audit trails. - Customizable Alerts: Users can configure alert parameters to align with the institution's specific risk profile, reducing false positives and focusing on genuine threats. - Integration Capabilities: WirePro seamlessly integrates with existing banking systems, facilitating smooth data flow and operational continuity. Primary Value and Problem Solved: WirePro addresses the critical need for financial institutions to monitor wire transfers effectively, ensuring compliance with AML regulations and protecting against fraudulent activities. By automating the detection process and providing customizable alerts, WirePro reduces manual workload, minimizes errors, and enhances the institution's ability to respond swiftly to potential threats. This proactive approach not only safeguards the institution's assets but also reinforces trust and confidence among customers and regulatory bodies.

Abrigo Consumer Lending

0 reviews

Abrigo Consumer Lending Software is a comprehensive, end-to-end digital solution designed to automate and streamline the consumer loan origination process for banks and credit unions. By integrating seamlessly with existing core systems, it replaces manual processes, enhancing efficiency and boosting revenue. This platform enables financial institutions to meet borrower demands swiftly through an automated workflow, facilitating quick and creditworthy loan decisions. Key Features and Functionality: - Integrated CRM: Centralizes customer engagement records, allowing accurate pipeline reporting and timely task notifications for lenders. - Lending Process Management: Utilizes customized templates aligned with loan policies to keep consumer loan originations on track and eliminate bottlenecks. - Automatic Loan Decisioning Templates: Applies institution-specific loan policies to auto-decision certain loans, freeing time for more complex credit analyses. - Secure Document Management: Enables secure document uploads accessible anytime from all branches, ensuring efficient document handling. - Consumer Dynamic Loan Application: Offers configurable loan applications tailored to various loan products, capturing necessary information efficiently. - Pipeline Reporting & Task Notification: Provides centralized data for accurate pipeline reporting and alerts lenders of upcoming tasks, enhancing workflow management. Primary Value and Solutions Provided: Abrigo Consumer Lending Software addresses the critical need for financial institutions to grow their consumer loan portfolios profitably while meeting modern borrowers' expectations for quick and efficient loan processing. By automating the lending process, the platform eliminates redundant data entry and enhances operational efficiency, leading to faster loan decisions and increased profitability. It supports multiple loan types within a single system, providing unified customer information and deeper insights across consumer portfolios. This scalability and customer-centric approach enable institutions to stand out in the market, build stronger customer relationships, and drive revenue growth.