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Abrigo BAM+ Reviews & Product Details

Janevra B.
JB
BSA Analyst
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Abrigo BAM+?

The direct CTR and SAR filing is certainly convenient Review collected by and hosted on G2.com.

What do you dislike about Abrigo BAM+?

The downside is when issures occur as far as CTR filing, and 314(a) scans Review collected by and hosted on G2.com.

What problems is Abrigo BAM+ solving and how is that benefiting you?

Abrigo BAM most definitely changes the wat CTRs are filed in CTR+ Review collected by and hosted on G2.com.

Abrigo BAM+ Overview

What is Abrigo BAM+?

Abrigo's BAM+ is a powerful anti-money laundering software that allows you to streamline, manage, and report on everything in your program from one centralized location. With BAM+, you get end-to-end case management, scenario analysis, fraud detection, OFAC and watchlist screening, front-line reporting of questionable activity, customer due diligence, and direct-file CTRs and SARs.

Abrigo BAM+ Details
Languages Supported
English
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Product Description

Detect and alert you to a host of fraud types, while providing a central case management system to resolve alerts quickly and efficiently. Better identify, detect and stop the types of fraud that are truly affecting your institution.

How do you position yourself against your competitors?

With complete transparency into how our system works and full control over your data, BAM+ users are able to customize their software to fit their unique risk profile. BAM+ is built to fit your BSA/AML program instead of making your program fit our software.

In addition to BAM+, Abrigo has a team of former BSA Officers and compliance professionals available to perform advisory services for your compliance program. With everything from risk assessments to CAMS-certified staffing relief, Abrigo is able to support your program through both software and hands-on expertise.


Seller Details
Seller
Abrigo
Year Founded
2000
HQ Location
Austin, TX
Twitter
@weareabrigo
2,654 Twitter followers
LinkedIn® Page
www.linkedin.com
766 employees on LinkedIn®

Heather S.
HS
Overview Provided by:

Recent Abrigo BAM+ Reviews

CF
Carol F.Mid-Market (51-1000 emp.)
5.0 out of 5
"An AML software suited for any level of AML/CFT risk"
We continue to find ways to expand our use of BAM+, especially as Abrigo responds to client product suggestion that align with the state of the art...
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Abrigo BAM+ Review"
The BAM+ system is very user-friendly and is a great tool in our Bank utilizing the alert system. It's easy to nagvigate and customize to our Bank.
Verified User
A
Verified UserMid-Market (51-1000 emp.)
4.5 out of 5
"Easy to use"
It is user friendly and helps us remain BSA compliant
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Abrigo BAM+ Media

Abrigo BAM+ Demo - Charge Offs by Fraud Type
Reporting in BAM+ allows users to build leadership-ready visuals while identifying actionable insights to improve your program.
Abrigo BAM+ Demo - Beneficial Ownership Visual
Due diligence is made easy in BAM+ by visualizing your data and allowing users to clearly see relationships between customers/members and accounts.
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Have you used Abrigo BAM+ before?
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35 out of 36 Total Reviews for Abrigo BAM+

4.5 out of 5
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35 out of 36 Total Reviews for Abrigo BAM+
4.5 out of 5
35 out of 36 Total Reviews for Abrigo BAM+
4.5 out of 5

Abrigo BAM+ Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Abrigo BAM+Question

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Brendan B.
BB
Senior Corporate Counsel, BSA Officer
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Abrigo BAM+?

For a small institution, Abrigo really helps us to maximize the manpower we are able to put into AML/Sanctions screening. I find the program very easy to use and with a fairly robust feature set. Review collected by and hosted on G2.com.

What do you dislike about Abrigo BAM+?

The sanctions screening in particualr could use some tweaking. For one, it is overinclusive (e.g. not every instance of the word Road should generate a hit to the sanctioned vessel of the same name). I would appreciate if they would allow for more tailoring of their sanctions screening to different institutions profiles. My institution does not really have cause to screen for vessels and I would appreciate the opportunity to just turn those hits off. Review collected by and hosted on G2.com.

What problems is Abrigo BAM+ solving and how is that benefiting you?

BAM+ allows our small institution to effectively fight AML and fraud. The screening works very well and brings us only the instances that really need looking into. Review collected by and hosted on G2.com.

Verified User in Banking
AB
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Abrigo BAM+?

The platform is easy to use and modify. The program setup was a breeze with the extremely comprehensive support from the BAM+ implementation team. After our institution used the platform for a while and became more comfortable, we've made some alterations to how we use it. These modifications were extremely easy to make. The Customer support has been excelent. Any time we have needed support the responses have been prompt and very thorough. Review collected by and hosted on G2.com.

What do you dislike about Abrigo BAM+?

I wish the user roles were easier to set up and manage. There are preset roles, but if you elect to create your own, it is kind of a complicated and cumbersome process. The user guide provides some help on the roles. However, it doesn't clearly explain the permissions. I would prefer the permissions be laid out in a printable format.

I also with the Risk Rating and DDMs were more customizable. Review collected by and hosted on G2.com.

What problems is Abrigo BAM+ solving and how is that benefiting you?

The platform allows the bank to manage risk ratings of the customer base and high-risk customer monitoring. CTR and SAR management and filing, OFAC list verification, and more. We also have been able to utilize the platform for Check Fraud monitoring. Review collected by and hosted on G2.com.

CF
Director of AML Risk Management
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Abrigo BAM+?

We continue to find ways to expand our use of BAM+, especially as Abrigo responds to client product suggestion that align with the state of the art technology. Customer Support is excellent! Review collected by and hosted on G2.com.

What do you dislike about Abrigo BAM+?

The only limitation for us is having adequate time to take advantage of the many training resources available. Review collected by and hosted on G2.com.

What problems is Abrigo BAM+ solving and how is that benefiting you?

Frequent scheduled upgrades improve the functionality while interim system fixes address operational issues. Review collected by and hosted on G2.com.

Verified User in Banking
AB
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Abrigo BAM+?

Ease of use and accessibility and each module has its own tile one the home page - easy to navigate. I also enjoy the ability to access the data and run various reports. It is important to understand the data and having access to see the data feeds. Review collected by and hosted on G2.com.

What do you dislike about Abrigo BAM+?

It would be helpful if you could move from one module to another within an account. I wish the DDM module was easier to intergrate with RBRR/Risk module. Review collected by and hosted on G2.com.

Recommendations to others considering Abrigo BAM+:

It's always good to have a test environment Review collected by and hosted on G2.com.

What problems is Abrigo BAM+ solving and how is that benefiting you?

Customer due diligence reviews and matching expected to actual activity Review collected by and hosted on G2.com.

Response from Jackie Myers of Abrigo BAM+

Thank you for your review. We appreciate you taking time to provide us with honest feedback on BAM+. We’re glad to hear you enjoy the product ease of use and accessibility.

We have taken your feedback about moving from one module to another within an account to the Product Team.

If you have any additional feedback to provide, you can email me directly at jackie.myers@abrigo.com or on our online Community platform under Product Ideas. Thanks again for your feedback!

Verified User in Banking
UB
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Abrigo BAM+?

The BAM+ system is very user-friendly and is a great tool in our Bank utilizing the alert system. It's easy to nagvigate and customize to our Bank. Review collected by and hosted on G2.com.

What do you dislike about Abrigo BAM+?

Sometimes it is hard to get a detailed answer from customer service and the timing of their responses. Review collected by and hosted on G2.com.

What problems is Abrigo BAM+ solving and how is that benefiting you?

It helps our bank with fraud detection with the alert system. Review collected by and hosted on G2.com.

Verified User in Banking
UB
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Abrigo BAM+?

BAM+ has allowed us to efficiently monitor activity at our Bank and gives us peace of mind that no suspicious activity is going under the radar Review collected by and hosted on G2.com.

What do you dislike about Abrigo BAM+?

We have not experienced any downsides with the software Review collected by and hosted on G2.com.

What problems is Abrigo BAM+ solving and how is that benefiting you?

BAM+ monitors all customer activity and alerts us to any activity that might need additional review Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Abrigo BAM+?

BAM+ greatly reduced the amount of time spent on managing and monitor BSA/AML compliance. Review collected by and hosted on G2.com.

What do you dislike about Abrigo BAM+?

Fine tuning the system takes time but that was expected with introducing an automated system. Review collected by and hosted on G2.com.

What problems is Abrigo BAM+ solving and how is that benefiting you?

The solution simplifies monitoring BSA/AML compliance including monitoring for suspicious activity and reporting to FinCEN as required by regulations. Review collected by and hosted on G2.com.

Verified User in Banking
UB
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Abrigo BAM+?

EASE OF USE. THE PROGRAM IS SELF EXPLAINATORY. CUSTOMER SUPPORT IS GREAT. Review collected by and hosted on G2.com.

What do you dislike about Abrigo BAM+?

LATENCY ISSUES HAVE BEEN MORE FREQUENT LATELY. Review collected by and hosted on G2.com.

What problems is Abrigo BAM+ solving and how is that benefiting you?

ABRIGO HELPS CUT DOWN TIME IT TAKES TO REVIEW POTENTIAL ACCOUNT ISSUES. Review collected by and hosted on G2.com.

Verified User in Banking
AB
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Abrigo BAM+?

It is user friendly and helps us remain BSA compliant Review collected by and hosted on G2.com.

What do you dislike about Abrigo BAM+?

Currently OFAC screening does not meet our auditors standards Review collected by and hosted on G2.com.

What problems is Abrigo BAM+ solving and how is that benefiting you?

It helps us stay BSA compliant Review collected by and hosted on G2.com.

Verified User in Banking
IB
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Abrigo BAM+?

Abrigo BAM+ is helpful for individuals joining the BSA world! The site is very user friendly and is easy to use! Customer support is always available when needed! Review collected by and hosted on G2.com.

What do you dislike about Abrigo BAM+?

Nothing that I can think of. I haven't had an issues with Abrigo BAM+ itself. Review collected by and hosted on G2.com.

What problems is Abrigo BAM+ solving and how is that benefiting you?

Check/account fraud. Review collected by and hosted on G2.com.