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 origination, enhancing 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.”