Sageworks is now Abrigo.
Sageworks, Banker's Toolbox, and MainStreet Technologies are now Abrigo - giving you a single resource for your enterprise risk management needs. As a customer of Sageworks, you will continue to get the support you've always had, as well as access to new capabilities and expertise.
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Sageworks is now Abrigo: 2019 and beyond

Sageworks
Posted by Sageworks
abrigo

We hope your 2019 is off to an exciting start. We know ours is. We are excited to announce that we are now Abrigo, and together we are going to make big things happen. Who is Abrigo? Sageworks, along with MainStreet Technologies (MST), was acquired by Banker’s Toolbox, a leading…...

Why 2019 will be a CECL critical year for financial institutions

Amanda Rousseau
Posted by Amanda Rousseau

With the recent start of 2019, financial institutions that have only this year to complete their current expected credit loss (CECL) models have hit an important milestone. Financial institutions have known about this “new” accounting standard for approximately three years, and now the frequently discussed deadline is coming to fruition.…...

Books & blogs to add to your 2019 New Year’s reading list

Joseph Lowe
Posted by Joseph Lowe

Every year, millions of Americans make a New Year’s resolution in an attempt to make a positive change in their life, whether it’s going to the gym, becoming more fiscally responsible, or taking up a new hobby. According to poll by YouGov and Statista, one of the top five most…...

Top tech priorities for community banks in 2019

Joseph Lowe
Posted by Joseph Lowe

A new year is bound to bring new challenges and opportunities to the banking industry. Technology has played a heavy role in 2018, with banks and credit unions combining superior customer service efforts with technological advancements to set itself apart from competition. Will your financial institution be prepared to compete…...

Digging deeper: Mining for insights with peer analysis

Joseph Lowe
Posted by Joseph Lowe

For small businesses, planning a strategy around identifying and combating competitors is a must. After all, it’s impossible to gauge performance without comparative metrics. For example, a flower shop owner might ask herself: Is the flower market saturated within the local area? What is competitive pricing for roses around me?…...

CECL comes under fire at House subcommittee hearing

Mary Ellen Biery
Posted by Mary Ellen Biery

The current expected credit loss model, or CECL, had few fans during a Congressional subcommittee hearing Dec. 11, when bankers, Congressmen and investors all called for the accounting standard to be changed, delayed or scrapped altogether. Three of the four witnesses providing live testimony before a House subcommittee hearing to…...

CECL for non-banks: What to expect

Amanda Rousseau
Posted by Amanda Rousseau

With almost a year until some public business entities must begin complying with the current expected credit loss (CECL) standard, banks and credit unions have been fervently beginning transition practices, and their preparations have taken center stage in regulatory and financial news. However, a topic less prevalent amidst current CECL…...

Keeping an eye on credit risk

Mary Ellen Biery
Posted by Mary Ellen Biery

U.S. banks have been posting strong profitability, and credit quality remains sound thus far in 2018. In fact, regulators have noted as much in both the FDIC’s third-quarter banking profile and the OCC National Risk Committee’s semiannual report on risks issued recently. Despite the positive trends, these same regulators expressed…...

Banks are taking sides: Fintech disruption or fintech partnership?

Joseph Lowe
Posted by Joseph Lowe

Today, online-only banks and alternative lenders pose a major threat to community banks that are unwilling to adapt to changing customer expectations. Startups, such as Better Mortgage, can offer mortgage loan decisions in just three minutes using only a credit score and stated income. Meanwhile, large banks such as Goldman…...

Local banks, focus on local SEO

Joseph Lowe
Posted by Joseph Lowe

Community banks and credit unions have built their brands around supporting local communities, small businesses and economies, but what if your bank isn’t well known by the locals? Today, local brand recognition is threatened by online innovation, as well as by large and online-only banks with deep pockets that have…...