Your financial institution and risk profile are unique, and you deserve a powerful anti-money laundering software that matches that. BAM+ adjusts to your specific needs to better detect, manage, and resolve suspicious financial activity. Don’t settle for out of the box. Think bigger.
Bank Secrecy Act & Anti-Money Laundering Software
Your institution is unique.
Your BSA/AML software should be, too.
The BAM+ Difference
Risk profiles are like fingerprints in that no two are the same. BAM+ is configurable to your institution’s unique customers, risk profile, tolerance levels, location, and needs. You'll benefit from better detection and faster resolution of the truly suspicious activity in your institution.
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Features and Functionality of BAM+
All the financial crime-fighting power
you need in one platform.
Our anti-money laundering software allows you to streamline, manage, and report on everything in your program from one location. With BAM+, you get end-to-end case management, scenario analysis, fraud, OFAC and watchlist screening, front-line reporting of questionable activity, customer due diligence, and direct-file CTRs and SARs.
Data Validation
Ensure customer and transaction data feed into the 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.
Machine Learning Scenarios
Uncover anomalies and gain valuable insights about your customers or members.
Cannabis-Related Business
Manage your risk with CRBs on your own terms with current CRB data.
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 system.
Notes from a Customer
"We wouldn't feel comfortable telling our regulator we use preset parameters. Knowing our BSA software is tailored to what our customer base is doing is a really good feeling."BAM+ User
Advantages of BAM+
AML software is more than just detection.
We are committed to helping you create a stronger and more efficient BSA/AML program. Through our system’s transparent algorithms, Abrigo helps reduce false positives, uncover statistical anomalies, and identify 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 so 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
It's an environment where we feel like we have a voice."
Martha Alcala, SVP BSA Officer
Integrated Systems with Abrigo
Ensuring success at onboarding and beyond.
From the day you join the Abrigo family, our goal is to make sure that your product and program are running efficiently and you feel supported. The Abrigo Assurance Plan and Abrigo Data Center, paired with our Advisory Services team, ensures that you get the support you need throughout your journey.
Abrigo Assurance Plan
The Abrigo Assurance Plan provides you with annual services focused on enhancing your software application performance and experience. This plan takes a proactive approach to application monitoring by ensuring your system is optimized and provides discounts on additional services to address the changing needs of your institution. Talk to someone and learn more about the Abrigo Assurance Plan.
Abrigo Data Center
BAM+ can be securely hosted in a state-of-the-art environment with dedicated information security and information technology teams, making it easier to keep your software running efficiently.
In the Abrigo Data Center, you'll join over 1000 financial institutions in having easier upgrades, secure data, and enhanced customer support.
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.
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