78 Abrigo Testimonials

"We are much further along in stress testing than our regulators were expecting. They were very impressed with the information and thoroughness of our reports and presentation as well as our in-depth knowledge of our portfolio and risk associated with it."

“I feel much better already, having something that I have no issues with and that I’m confident in – I’m glad I’m in early. Plus, I know the auditors like the application.”

“I don’t know what we would have done without it. The centralized application really helped us get –and stay – organized.”

“You’ve got a bank in the room that might have two or three people attending this training and one person, their entire job is data manipulation within the model, while another person’s job was strictly running different scenarios, forecasting.”

“[Abrigo’s Senior Consultant] understands what we’re doing and knows what we’ve done. It all kind of flows together.”

"Without BAM+, there is no way we would be alerted to some of these potential elder financial exploitation cases."

“Before automating with BAM+, we didn’t have a true way of understanding what is normal behavior for our customers.”

“Working with Abrigo’s Advisory Services team gives me time to focus on other BSA projects that strengthen our program. We have confidence in knowing the alerts are being worked through in a timely and thorough manner.”

"The great thing about BAM+ is that we are able to monitor our analysts’ progress so we can see comments from alerts to case to SAR within a snapshot."

"We’ve saved ourselves 40 hours of work per week just by creating efficiencies and getting things done faster."

"When we first heard of CECL, it seemed so big. We started by learning then we began thinking about how to tackle this, then about finding somebody to help. The people here are capable of doing this, but we all have day jobs. We needed someone to do the heavy lifting."

"We would have to do 70-80 individual impairment analyses, as the examiners were focusing not just on total ALLL, but specifically on each loan."

"The reports we can pull from BAM+ actually reduced our false positives and improved our results."

“By using fraud scenarios to stay on top of fraud trends, we’re doing a better job of protecting our members and their money, helping them to be more confident in their banking decisions.”

“We’re required to do annual reviews of all of our commercial loans. When we input the annual data, we can get current data on whether the loan is diminishing or increasing based on the ratio analysis. We can also see what kinds of risks are inherent within it. It sure does alleviate a lot of the workload and a lot of the problems we had been facing. Once Abrigo Credit Analysis was implemented, there wasn’t much questioning from our examiners in terms of the validity of the statistics that were generated because of the reputation of having the latest and greatest comparisons to look at. The rhetoric from the examining staff dropped by about 90%. For us, it has been a game-changer in terms of our ability to convince examining staffs that what we’re doing is indeed appropriate.”