Abrigo achieves best-in-class ranking for its commercial loan origination system by the Aite-Novarica group


“In the area of ​​product features, Abrigo has dominated due to its acquisition history and Sageworks’ roots in ALLL and CECL, which cumulatively give it one of the most comprehensive product offerings among the vendors reviewed. David O’Connell, said the strategic advisor of the Aite-Novarica group. “Abrigo’s overall score was also driven by a strong customer service performance, driven by low costs and favorable customer opinion on the perceived value of the deployment relative to its costs and the functionality and functionality achieved. ”

Abrigo consistently scored high in all categories compared to other vendors reviewed, due to the breadth of its services, as noted in the report. Aite-Novarica recognized the customer benefits that Abrigo has generated through acquisitions, including analytical capabilities for depots and Abrigo Connect, a cloud-based data visualization and management tool. Designed specifically for financial institutions, Abrigo Connect uses unified data (including lending, credit, portfolio risk and financial crime) within the Abrigo infrastructure for enterprise-level insight and analysis . “Uncommon here is Abrigo’s effort to provide its IF-lender clients – who actually pay for their vendors’ acquisitions and mergers – with higher order benefits than a simple one-stop-shop after a merger or transaction. acquisition, ”the report says.

Another key differentiator for Abrigo is its ability to leverage its retail practices with its consumer loan software. “More than many of its peers, Abrigo’s presence in the CLO space is complemented by retail lending capabilities, where scale, speed and throughput are paramount,” said the Aite-Novarica report. “By adapting to the needs of this demanding market, [Abrigo] acquires data and user interface approaches that migrate to and accelerate the digitalization of business lending. “

“Abrigo is delighted to be recognized with this Best-in-Class ranking by Aite-Novarica,” said Jay blandford, president of Abrigo. “We remain very innovative and focused on implementation and support as we add to our solution set, as it is critical to our success that financial institutions are able to serve their communities. ”

Abrigo supports more than 2,300 financial institutions, with more than 950 institutions leveraging the company’s LOS – the highest number of US customers among the vendors assessed. Bankers interested in the Abrigo section of the Aite-Novarica Supplier Matrix can download the report from abrigo.com or contact us at [email protected] with questions.

About Abrigo
Abrigo empowers U.S. financial institutions to support their communities with technology that fights financial crime, increases loans and deposits, and optimizes risk. Abrigo’s platform centralizes institutional data, creates a digital user experience, ensures compliance, and delivers efficiency for large-scale, profitable growth. Visit www.abrigo.com to learn more. Follow Abrigo on social media using @WeAreAbrigo.

About the Aite-Novarica Group:
Aite-Novarica Group is a consulting firm providing essential information on technology, regulations, strategy and operations to hundreds of banks, insurers, payment providers and investment firms, as well as technology providers and of services that support them. Comprised of former senior technology, strategy and operations executives as well as experienced researchers and consultants, our experts provide practical advice to our clients, leveraging the in-depth knowledge developed through our extensive network of clients and clients. other industry contacts. Visit Aite-Novarica on the web.

SOURCE Abrigo

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