Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo’s platform centralizes the institution’s data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.
Abrigo’s allowance solutions offer financial institutions flexibility in their path to Current Expected Credit Loss (CECL) compliance. Abrigo supports more institutions than any other CECL vendor, and its customizable software technologies feature robust models that can run various scenario analyses, as well as data warehouse options to help financial institutions collect the information they need to produce forecasts and inform their directors of the credit risk they face. Other benefits include profitability analysis and portfolio optimization, which help institutions confidently transition to CECL and leverage allowance data for portfolio management. Both the Sageworks ALLL and MST Loan Loss Analyzer (LLA) have been endorsed as CECL solutions by the American Bankers Association.
To learn more about Abrigo’s allowance solutions, please Contact Us.