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Looking for Valuant? You are in the right place!

Valuant is now Abrigo, giving you a single source to Manage Risk and Drive Growth

Make yourself at home – we hope you enjoy your new web experience.

Looking for DiCOM? You are in the right place!

DiCOM Software is now part of Abrigo, giving you a single source to Manage Risk and Drive Growth. Make yourself at home – we hope you enjoy your new web experience.

Looking for TPG Software? You are in the right place!

TPG Software is now part of Abrigo. You can continue to count on the world-class Investment Accounting software and services you’ve come to expect, plus all that Abrigo has to offer.

Make yourself at home – we hope you enjoy being part of our community.

Swimming in BSA/AML alerts? Facing an increase in alerts due to seasonality in your market? If your financial institution has a backlog of alerts created by your AML software for transaction monitoring, it can take time and more personnel to work through them. Should you hire? There are many costs of hiring for an AML compliance program to keep in mind as you make this decision. This infographic outlines some key considerations using basic assumptions as you evaluate your AML resources.

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Discover how our advisory services team can provide the support you need. Contact the Abrigo Team to find out how our CAMS-certified investigators can provide immediate staffing assistance and alert management. Speak with an Expert.

The key 5 pillars of an AML Program are internal controls, a designated BSA officer, ongoing training, independent testing, and customer due diligence (CDD) – the newest pillar. Staying on top of BSA compliance and suspicious activity can feel overwhelming. Whether BSA departments are lacking all of the resources necessary to do the job or simply want a second opinion to take care of any blind spots, Abrigo’s advisory services can help strengthen all 5 pillars of BSA.

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  • Ensure your BSA program has properly implemented the CDD rule
  • Assess your AML software application and its compliance to regulatory requirements
  • With staffing relief to assist with alerts, perform lookbacks, and more

Discover how our advisory services team can provide the support you need. Learn more.

Sometimes one (or two or three!) factor isn’t enough when it comes to risk management. Abrigo’s industry-leading BSA/AML software, BAM+, utilizes 4-factor scenario models to help you eliminate blind spots in your BSA program. BAM+ is the only solution that covers all four factors in financial crime prevention logic – artificial intelligence, behavior, rules, and typology – to allow you to act quickly when suspicious activity arises. See how our 4-factor scenario model helps you better stay on top of financial crime at your institution.

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Abrigo surveyed over 300 BSA and Compliance Officers, BSA Analysts, and other fraud and compliance professionals from both banks and credit unions in our inaugural FinCrime Industry Survey. This survey covered a variety of topics including the impacts of COVID-19, SAR filing statistics, cannabis banking, and other BSA/AML trends. The results show that while some industry challenges are perennial, compliance professionals are grappling with a range of emerging issues and trends.

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View the full results from the 2021 BSA/AML and Fraud Staff Survey by Abrigo: Top Issues for FinCrime Fighters here.

Alignment of critical assumptions and inputs across stress testing, asset/liability management (ALM), and the calculation of expected credit losses is fundamental to a holistic view of risk management. In addition, institutions that identify and manage risk most effectively will outperform their peers in terms of financial performance while also maintaining safety and soundness. In this infographic, learn four ways financial institutions should ensure their allowance for credit losses models under CECL are aligned with the risk management processes of stress testing and ALM.

Improve holistic risk management and please regulators and examiners by aligning critical assumptions and inputs across stress testing, asset/liability management (ALM), and the calculation of expected credit losses. In addition, it informs management to help develop a cohesive strategy that pairs risk appetite with appropriate pricing and terms.

In this infographic, learn about the four critical ways aligning risk management practices informs management:

During Q1 of 2021, Abrigo surveyed nearly 250 lenders, credit analysts, chief credit officers, chief risk officers, and other professionals involved in the lending and credit risk process. The results showed that despite new pushes toward digital transformations, many financial institutions continue to use manual lending processes that add costs, create delays, and make their staff work harder than they must.

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Time is quickly ticking down for financial institutions adopting the current expected credit loss, or CECL, accounting standard in 2023. As these banks and credit unions work to identify and gather relevant loan-level data and select a methodology for calculating the allowance for credit losses, or ACL, they must also deal with coronavirus-related operational challenges, such as increased loan modifications and credit losses, a surge in fraud attempts, and myriad staffing issues related to the pandemic. Understanding some of the myths and misconceptions about implementing CECL will help these financial institutions avoid some of the hazards to navigating the change.

The latest round of the Paycheck Protection Program (PPP), as afforded by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues, or Economic Aid Act, provides more than $284 billion in funding.

This new round of funding also allows for some businesses that received a PPP loan in the first or second round of funding in 2020 to apply for a second PPP loan. Many eligibility requirements for first and second draw applicants are the same. However, borrowers and lenders should be aware of several key differences.

Sometimes the costs of staying with a BSA/AML software provider are too steep to justify. There are many myths about switching software providers that can keep you stuck with a vendor that might not be right for you. In this infographic, we share the facts about switching if it’s in the long-term best interest of your institution to make a change.

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