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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.

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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As artificial intelligence and machine learning become more prevalent in banking, so do the questions surrounding these new technologies. The lack of understanding around AI/ML has created uncertainty for BSA professionals and has caused them to seek answers about how and when automated intelligence will impact their BSA programs. This infographic sheds light on questions surrounding what AI/ML really do, if they can help your BSA/AML program, and how they’ll affect your compliance.

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If you are looking to improve your transaction monitoring and gain efficiency in your BSA/AML program, Abrigo’s BAM+ offers AI and machine learning scenarios that identify anomalies allowing you to focus on the suspicious activity that matters most. Talk to a specialist to learn more.

Processes such as handling new loan requests, risk rating, and performing due diligence are all a part of a larger process: the life of a loan. 

Loan origination can be a long, frustrating process that requires large spreadsheets, data to be re-entered multiple times, and constant document collection.  

By turning to automation, lending and credit professionals can focus more on revenue-generating and customer-facing activities instead of duplicative data entry and tracking down components of an application.  

See the step-by-step benefits and stark difference between an automated and manual lending process, and learn how automation can help your financial institution today. 

The CECL transition is one of the biggest changes to bank accounting ever. Many financial institutions are making progress towards the transition, while some are falling further behind.

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