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The evolution of AI & lending: Parallel journeys shaping the future

Abrigo

The transformer era and generative AI The next breakthrough came in 2017 with Googles introduction of the Transformer neural network architecture. Credit bureaus , which were very localized at the time, began expanding to a more national footprint. Expanding these bureaus nationally enabled standardization in credit assessments.

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2017 Risk Management Summit - Join Sageworks in Denver!

Abrigo

The 2017 Risk Management Summit presented by Sageworks is heading to the "Mile High City". Why You Should Join Us The Summit offers actionable insights that apply across the whole institution, spanning business development through portfolio risk management in a CECL world.

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Abrigo CEO Wayne Roberts announces retirement

Abrigo

Shannon passed away in 2021 after her diagnosis in 2017. In addition to dedicating himself to growing the company over the past 6 years, Wayne served as the primary caregiver to his wife, Shannon, during her battle with glioblastoma brain cancer. and in bank technology nationally.

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Comprehensive Guide to the Secured Overnight Financing Rate (SOFR) Interest Rate

Emagia

In 2017, the Alternative Reference Rates Committee (ARRC) identified SOFR as the preferred alternative to USD LIBOR. Treasury securities, reducing credit risk. Improved Transparency SOFR is derived from observable transactions, reducing the risk of manipulation. Secured Rate : Backed by collateral, specifically U.S.

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Are de novos making a comback?

Abrigo

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

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AAR annual risk software report recognizes Sageworks

Abrigo

Allaboutrisk.com (AAR) recognizes Sageworks as a credit risk vendor in its 2017 Risk Software Report. AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. Access the full report by visiting www.allaboutrisk.com/AnnualRisk.

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Fintech Partnerships: A competitive advantage

Abrigo

Donald Musso, president at FinPro, and Martin Henderek, senior financial analyst, suggest an easy-to-follow tech plan in their article Navigating the Fintech Landscape , published in the May 2017 issue of BankNews. By automating business loan operations with Sageworks, banks and credit unions make good loans faster and optimize risk.