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

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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.

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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.

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Asset/Liability Lending & Credit Risk Portfolio Risk & CECL

Survey Results: The Impact of the Coronavirus on Community Financial Institutions

74% of bankers surveyed told us they are concerned about the increased amount of loan workouts they will need to manage.

85% of FIs told us they expect an economic slowdown for at least two quarters. Find out how it could impact your overall strategy in our latest

We surveyed 100+ of your peers and coronavirus has them concerned about maintaining an appropriate allowance level. What does this mean for

62% of bankers still think that their institution is in good business health, despite pandemic impacts.

Download to Learn:

  • Results and participation in the Paycheck Protection Program

  • Why loan workouts are a concern and what implications institutions think they will cause

  • The impact of the coronavirus on current and future CECL transition plans

  • The importance of a strategy going forward to protect credit quality and drive growth

Throughout the month of May, Abrigo polled more than 100 C-suite employees at community financial institutions across the country to gauge sentiment regarding the current state of the financial services industry. The survey aims to discern the top obstacles, strategies, and pressures the industry is currently grappling with. Using the results of this survey, financial institutions can learn from one another to tackle common challenges and manage customer expectations during this time.