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Banks and credit unions still working on CECL implementation can learn from the experiences of financial institutions that have already adopted the accounting standard and from peers still in the process. To that end, Abrigo in mid-2022 surveyed financial institutions to assess their progress with CECL implementation. It is the fourth such survey since 2017 by Abrigo, which has worked with hundreds of financial institutions on CECL implementation.

Download the 2022 CECL Survey to learn:

Check out other top CECL resources:

BSA Officers and AML staff can help tellers and other branch staff provide Customer Due Diligence (CDD) compliance support while fostering customer or member relationships. One way to boost staff education and collaboration is to introduce the BSA team to tellers and others so the team isn’t viewed as an unfamiliar department off in a corporate tower. A flyer with team info, a description of what it does, and current tips and trends can create better communication and enhance overall institution compliance.

Use this sample flyer from Abrigo as a template to develop your own material introducing the BSA team to tellers and other branch staff.

If you’d like additional support or training for CDD compliance or your broader BSA program, Abrigo’s financial crime consultants provide AML consulting and program support.

You can also download this Customer Due Diligence checklist to learn more about elements of a strong CDD program.

Everyone has been impacted by the COVID-19 global pandemic in some way or another, and the agricultural industry is no different. This paper outlines three areas of impact from COVID-19 that lenders to the ag industry will want to continue to evaluate in 2021: farm income, loan demand, and credit risk.

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In this report, Lenders' Perspectives: Commercial Loan Origination Automation, Aite-Novarica Group gathered lender reviews of commercial loan origination (CLO) software providers. The report highlights product features, client service, cost value, ease of loan origination system implementation, and more across the market.

Aite-Novarica is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry.

It is critical for financial institutions to have a partner to support a more streamlined and digital lending process. Aite-Novarica's examination of lender reviews of leading CLO providers offers  valuable information. 

Download to learn:

  • Key market trends and implications
  • Leading vendors of loan management software
  • Strengths and weaknesses of top CLO providers per client references

74% of bankers surveyed told us they are concerned about the increased amount of loan workouts they will need to manage.

85% of FIs told us they expect an economic slowdown for at least two quarters. Find out how it could impact your overall strategy in our latest

We surveyed 100+ of your peers and coronavirus has them concerned about maintaining an appropriate allowance level. What does this mean for

62% of bankers still think that their institution is in good business health, despite pandemic impacts.

Download to Learn:

  • Results and participation in the Paycheck Protection Program

  • Why loan workouts are a concern and what implications institutions think they will cause

  • The impact of the coronavirus on current and future CECL transition plans

  • The importance of a strategy going forward to protect credit quality and drive growth

Throughout the month of May, Abrigo polled more than 100 C-suite employees at community financial institutions across the country to gauge sentiment regarding the current state of the financial services industry. The survey aims to discern the top obstacles, strategies, and pressures the industry is currently grappling with. Using the results of this survey, financial institutions can learn from one another to tackle common challenges and manage customer expectations during this time.

Aite-Novarica Group is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry. In this May 2023 report, Aite-Novarica Group Vendor Report: Evaluating Commercial Loan Origination Vendors, Aite-Novarica profiles vendors currently serving the Loan Origination System (LOS) space, with an eye towards vendor stability, client strength, product features, and client services.
 
In this excerpt provided by “Dominant Provider” Abrigo, you can learn: 
  • Market trends and implications uncovered by Aite
  • Key statistics on leading Loan Origination Systems (LOS) vendors
  • Strength and weaknesses of Abrigo
  • The evaluation method used as a foundation for the report

For the third year in a row, Abrigo (formerly MST, Sageworks, and Bankers Toolbox) surveyed 125 individuals at a wide range of financial institutions to gauge CECL preparedness. The 2019 survey shows that as the Q1 2020 compliance date looms for SEC registrants, institutions of all types are making progress – but not enough, according to CECL experts.

“The clock is ticking,” said Abrigo Senior Director of Advisory Services Regan Camp. “While many financial institutions are taking the necessary steps to make sure they are prepared for this important change in accounting for credit losses, it’s clear that others are falling behind their peers.”

Download the 2019 CECL survey results to learn: