Abrigo Presents CECL Kickstart – Free Virtual CECL Event for 2023 Adopters

Austin, Texas, July 26, 2021 – Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for community financial institutions, is offering a free current expected credit loss (CECL) session, CECL Kickstart, to help 2023 adopters dive into their implementation. The virtual event will take place on August 17, 2021, from 1-4:30 p.m. ET.

The interactive, online session aims to help community financial institutions jump-start their 2023 adoption of the Financial Accounting Standards Board’s (FASB) CECL standard. After helping hundreds of larger, SEC-filing financial institutions with their 2020 CECL implementation, Abrigo consultants will explain implementation best practices scaled specifically to meet the needs of smaller preparers. Consultants will address concerns related to coronavirus impacts, including navigating economic forecasts and qualitative adjustments, to help financial institutions move forward with their initial transition plans.  

The 3.5-hour session will cover a variety of topics regarding CECL implementation including:

  • Techniques used by public institutions to address pandemic-era uncertainty
  • How to address the most common CECL implementation problems, such as lack of historical loss experience or unreliable historical data
  • How to use models that are less reliant on historical, loan-level loss experience
  • How to implement a straightforward qualitative framework

 

Haven't adopted CECL yet? Kickstart your implementation with this special session.
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In addition to learning implementation practices, attendees will also be eligible to earn CPE credits and network with peers and consultants throughout the day. CECL Kickstart is best suited for executives and preparers of the ALLL calculation who must comply with CECL by 2023. This event is open to all community financial institutions, regardless of whether they are an Abrigo customer.

Registration for the event closes on August 10. For more information and registration for CECL Kickstart, click here. Contact events@abrigo.com with any questions regarding the event or registration.

About Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo’s platform centralizes the institution’s data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth. Visit abrigo.com to learn more. Follow Abrigo on social media using @WeAreAbrigo.

Media Contact
Media Relations / Email: press@abrigo.com / Phone: 919-851-7474 ext. 2629 / Twitter: @weareabrigo

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