TOPIC: Coronavirus

State of the Financial Services Industry Survey - Last Chance for Participation

We're polling hundreds of financial institutions to better understand concerns in today's changing economy. The survey areas covered include the Paycheck Protection Program, M&A, loan workouts, CECL, and more. With your insights, Abrigo can create educational resources catered to your top priorities: https://bit.ly/2yrzL0J

You'll be entered to win a Starbucks gift card just for completing the 5 min. survey.

    Loan Workouts | Product Demo

    Loan Workouts Product Demonstration - Thursday, May 21 | 3 p.m. ET
    Save your seat

    In our recent industry survey, over 70% of respondents mentioned COVID-19-related loan workouts were a concern. 

    Lenders in many markets will face a wave of negotiations and restructures as they seek to stabilize those borrowers who can recover from the events of early 2020, and protect the lenders’ interests in cases where no recovery is likely.  Join this conversation with product experts and implementation consultants at Abrigo to see how the tools you already have in place can make this process more efficient.  In this sixty minute webinar, we will discuss how the Abrigo software offerings address the following important considerations:
    • Establishing and applying consistent criteria for decision-making
    • Triage and prioritization for stabilizing troubled customers
    • Present-value modeling for terms of restructured agreements
    • Efficient communication for (likely understaffed) special assets teams
    • Integrated processes for secure, distributed decision-making
    Register here 

      Retail Sales Fell 8.7% in March

      The Commerce Dept reported retail sales fell 8.7% in March, compared with February. Retail sales make up around one-fourth of household spending. A spike of grocery store and online orders wasn’t sufficient to compensate for a deep dive in spending at bars, restaurants, car dealerships, and gas stations. https://www.cnn.com/2020/04/15/business/retail-sales/index.html