How Abrigo Helped One Bank Adapt to Change in Regulatory Body
How Abrigo Helped One Bank Adapt to Change in Regulatory Body
1 Pagesabrigo.com CHALLENGE BankSouth in Greensboro, GA., had a decentralized process. The lenders used spreadsheets for their global cash flow calculations. This process worked; however, BankSouth wanted to have a more formalized system for credit analysis due to the bank’s growth and recent change in regulatory agency. SOLUTION BankSouth chose Abrigo for its credit analysis needs. Tracy Hayden, Chief Credit Officer at Bank South notes, ”Abrigo has helped make the bank’s loan packages more consistent and standardized.” Additionally, Credit Analysis provides a narrative report on every credit that generates information about the business’s financial health industry benchmarks, and tips for improvement. Abrigo’s narrative report helps BankSouth in three important ways. First, it
