Virginia Bankers Association Endorses Abrigo’s Full Suite of Credit, Lending, and Portfolio Risk Products

Glen Allen, Virginia – February 22, 2021 – The Virginia Bankers Association (VBA) announced it has endorsed Abrigo’s full suite of credit, lending, and portfolio risk products to aid its member banks in streamlining loan originationenhancing credit analysis, and optimizing their portfolio risk.  

The Abrigo suite of portfolio risk and CECL solutions offers banks powerful choices for the automation of data-heavy tasks like stress testing, portfolio analysis, and CECL calculations. Abrigo’s credit risk software helps institutions make defensible credit decisions with speed and precision on one connected system, reducing bottlenecks in the lending process, while its lending software automates the lending process to reduce origination costs and lending inefficiencies. 

“Abrigo delivers best-in-class solutions to the key operational areas of Virginia banks,” noted Matt Bruning, VBA’s Senior Vice President. “We are excited about our partnership with Abrigo to bring their comprehensive range of products to our members. The innovation, efficiencies, and enhanced customer experience they provide offer real value to our member banks and their customers.” 

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Abrigo’s full suite of credit, lending, and portfolio risk products help banks gain efficiencies that yield faster decisions and combat operational costs while making it easier to offer service focused on relationships rather than paperwork. The combined suite of products not only offer efficiency and valuable time-saving automation, but data and calculations can also be shared between solutions easily, creating a streamlined and consistent flow in reporting.     

“It is meaningful to us as a software company to gain the acknowledgement and trust of industry leaders like the Virginia Bankers Association. Ultimately, our goal is to serve community financial institutions by providing the best tools we can to help them succeed - a goal I know we share with the VBA,” said Jay Blandford, President of Abrigo. 

Over 2,500 community financial institutions currently rely on Abrigo's software to help maintain compliance, streamline the loan origination process, and transition to CECL. Virginia Bankers Association member banks will receive preferred pricing for Abrigo’s full suite of products through the association. For more information, visit the Virginia Bankers Association website. 

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