Your financial institution and risk profile are unique, that's why you need a powerful AML software that can meet your needs. BAM+ adjusts to your specific institution. As a result, you can better detect, manage, and resolve suspicious financial activity. Don’t settle for out of the box if you want the best AML software.
Bank Secrecy Act & Anti-Money Laundering Software
BSA/AML compliance software to protect against financial crime.
Powerful financial crime fighting
Get features and functionality you need from AML compliance software.
The BAM+ Difference
AML Compliance Software
Risk profiles are like fingerprints in that no two are the same. BAM+ is anti-money laundering software that is configurable to your institution's unique customers, risk profile, tolerance levels, location, and needs. With our AML compliance software, you'll benefit from better detection and faster resolution of the truly suspicious activity in your institution.
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Streamline, manage, and report on everything in your anti-money laundering program from one location using BAM+. This end-to-end AML software for banks provides AML case management, scenario analysis, fraud, OFAC and watchlist screening, front-line reporting of questionable activity, customer due diligence, and direct-file CTRs and SARs - all in one platform.
Data Validation
Ensure customer and transaction data feed into the AML case management system correctly.
Direct File to FinCen
File CTR and SAR batches directly to FinCEN to save time.
Automated Risk Rating
Customize your risk tolerances and automatically apply them across your BSA program.
Advanced Reporting
Harness and combine data to gain insights and a bigger perspective into your program.
OFAC Screening
Ensure OFAC compliance with advanced screening to identify alerts on over 25 scanned watchlists.
Machine Learning Scenarios
Customizable, transparent, and intelligent automations to uncover anomalies and gain valuable insights about your customers or members.
Customer Due Diligence
Keep your CDD/EDD and Know Your Customer programs compliant and efficient with Due Diligence Manager.
Cannabis-Related Business
Get tools to help navigate the complex, fast-changing landscape of CRBs/MRBs to support your unique risk profile.
Risk Based Calibration
and Documentation (RBCD)
Calibrating your system for your unique risk profile reduces false positives and gives you the confidence in exams to show regulators you know and understand your customer base and AML software.
Scenario Tuner
Assess potential alerts for active scenarios with above-the-line and below-the-line testing. Fine-tune these parameters to ensure a comprehensive analysis and enable precise calibration and optimization of your institution's risk detection capabilities.
Advantages of BAM+
The best AML software goes beyond detection.
We are committed to helping you create a stronger and more efficient AML/CFT program by giving you the best AML software, but that's not all. Abrigo's AML case management system uses transparent algorithms, is built on unmatched knowledge, and can adjust as you need. As a result, it reduces false positives, uncovers statistical anomalies, and identifies patterns that help you catch criminal activity.
Transparency
Regulatory scrutiny increases dramatically as your institution grows. BAM+ gives you transparent control of behavioral tuning and rules tuning. That way you can explain your system and alerts to your regulators.
Expertise
Our staff includes former bankers, regulators, and BSA Officers who understand the challenges you face in your role. We don’t just provide innovative products; we provide the expertise to support them.
Flexibility
Your goal is growth, and BAM+ is prepared to grow with you. With hosted solutions, customizable scenarios, and improved support, BAM+ is formatted to grow with your institution.
"BAM+ is a partnership.
It's an environment where we feel like we have a voice."
Martha Alcala, SVP BSA Officer
Partner with us today
Software and expertise working together
AML/BSA experts are here to ensure success at onboarding and beyond.
From the day you join the Abrigo family, our goal is to make sure that your product and programs run efficiently throughout every point in your AML journey. In addition to a robust implementation process, you can count on us for a variety of advisory offerings if you ever need them.
Resources on BSA/AML
Managing 4x Alerts with the Same Staff
Success Story by Evans Bank
With significant growth comes a significant amount of alerts. By partnering with Abrigo, BAM+ increased Evans Bank's efficiency and streamlined their case management process to allow them to handle 4 times their previous alerts without hiring additional staff.
AI Scenarios Strengthen BSA Programs
Blog on Artificial Intelligence
Expand your monitoring capabilities and ability to communicate them to a regulator. Abrigo has introduced five scenarios to BAM+ that utilize artificial intelligence (AI) and machine learning (ML) to help BSA departments catch more suspicious activity.
Reducing False Positives with BAM+
Success Story by Texan Bank
BAM+ drastically reduced Texan Bank's false positives and streamlined their BSA processes. With improved reporting, SAR/CTR filing, and less manual work, Texan Bank can now focus on the cases that matter.
