Abrigo
Abrigo provides comprehensive software solutions and advisory services for the financial industry, focusing on lending, financial crime prevention, risk management, and analytics.
Software Solutions for Lending and Risk Management
Abrigo provides an array of software solutions tailored to various aspects of lending and risk management. These include products for commercial lending, consumer lending, small business lending, and construction lending. Their software helps financial institutions manage credit risk more effectively and streamline their loan origination process. With specific tools designed for credit risk management, Abrigo supports financial institutions in assessing and mitigating potential lending risks.
Financial Crime Prevention Software
Abrigo features specialized software aimed at preventing financial crime, including anti-money laundering (AML) and fraud detection solutions. These tools assist financial institutions in identifying and mitigating fraudulent activities, ensuring compliance with regulatory standards. The company's AML and fraud detection technologies provide robust defenses against financial crimes, helping institutions safeguard their operations and maintain the integrity of the financial system.
Portfolio Risk and CECL Solutions
Abrigo offers comprehensive portfolio risk and CECL (Current Expected Credit Loss) software solutions. Their offerings include tools for ALLL (Allowance for Loan and Lease Losses) & CECL calculations, stress testing, and asset/liability management. These solutions enable financial institutions to comply with regulatory standards, manage assets and liabilities efficiently, and perform rigorous stress testing to ensure financial stability under different economic scenarios.
Data and Analytics Software
Abrigo provides advanced data and analytics software designed to deliver actionable insights through banking intelligence. These tools assist financial institutions in harnessing data for better decision-making processes. By leveraging comprehensive data analytics, banks and credit unions can gain valuable insights into market trends, customer behaviors, and operational efficiencies, ultimately improving their strategic planning and performance.
Advisory Services for Financial Institutions
In addition to software solutions, Abrigo offers a range of advisory services. These services encompass asset/liability management, BSA/AML (Bank Secrecy Act/Anti-Money Laundering) compliance, change management, core deposit analysis, loan & deposit pricing, and portfolio risk & CECL consultancy. Their advisory services help financial institutions navigate complex regulatory environments, optimize their financial operations, and implement effective risk management strategies.
Industry Events and Networking Opportunities
Abrigo hosts annual events, workshops, and user groups designed to provide training and networking opportunities within the financial industry. These events facilitate knowledge sharing, skill enhancement, and professional networking among industry professionals. Attendees can learn from industry experts, stay updated on the latest trends and technologies, and build valuable connections within the financial community.
