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Abrigo BAM+ description
Abrigo BAM+ is an anti-money laundering software designed for financial institutions. It provides a centralized system to manage various aspects of an anti-money laundering program, including case management, risk analysis, fraud detection, and regulatory reporting. Abrigo BAM+ aims to help financial institutions of all sizes streamline their compliance processes, improve efficiency, and reduce their risk of financial crime. They are a well-regarded provider in the industry, partnering with over 2,400 financial institutions.
Who is Abrigo BAM+ best for
Abrigo BAM+ streamlines anti-money laundering (AML) compliance for financial institutions. Users praise the software's user-friendly interface, comprehensive reporting tools, and direct filing capabilities. However, some have noted slow customer support and limited customization. Abrigo BAM+ offers automated risk rating, case management, and watch list management, making it a valuable tool for institutions looking to improve AML program efficiency.
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Ideal for financial institutions of all sizes, from small businesses to large enterprises.
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Specifically designed for the finance, banking, and insurance industry.
Abrigo BAM+ features
Supported Abrigo BAM+ validates data to ensure accuracy within its AML system. |
Supported Abrigo BAM+ facilitates direct filing of CTR and SAR batches to FinCEN. |
Supported Abrigo BAM+ allows users to customize risk tolerances and apply them automatically. |
Supported Abrigo BAM+ combines data for valuable insights and a broader AML program perspective. |
Supported Abrigo BAM+ efficiently manages and screens against various watch lists. |
Supported Abrigo BAM+ provides a central platform for AML case investigation, documentation, and reporting. |
Supported Abrigo BAM+ allows workflow customization to align with institutional requirements. |
We evaluate the sentiment that users express about non-functional aspects of the software
Customer Service
Ease of Use
Reliability and Performance
Abrigo BAM+ reviews
We've summarised 37 Abrigo BAM+ reviews (Abrigo BAM+ G2 reviews) and summarised the main points below.
- User-friendly interface and easy navigation.
- Comprehensive BSA/AML monitoring and reporting tools.
- Direct CTR and SAR filing capabilities.
- Excellent customer support and training resources.
- Helpful for new BSA employees and easy to learn.
- Slow customer support response times.
- OFAC screening does not meet auditor standards.
- Limited customization for user roles and risk ratings.
- Latency issues and system slowdowns.
- Overly inclusive sanctions screening, limited tailoring options.
Abrigo BAM+ alternatives
Abrigo BAM+ FAQ
Abrigo BAM+ is anti-money laundering (AML) software designed for financial institutions. It offers a centralized system for managing AML programs, including case management, risk analysis, fraud detection, and regulatory reporting. Abrigo BAM+ helps streamline compliance, improve efficiency, and reduce financial crime risk.
What is Abrigo BAM+ and what does Abrigo BAM+ do?
Abrigo BAM+ is anti-money laundering (AML) software designed for financial institutions. It offers a centralized system for managing AML programs, including case management, risk analysis, fraud detection, and regulatory reporting. Abrigo BAM+ helps streamline compliance, improve efficiency, and reduce financial crime risk.
Abrigo BAM+ offers direct file to FinCEN, automated risk rating, advanced reporting, watch list management, and configurable workflows. It integrates with various watch lists for screening and allows direct regulatory reporting, streamlining AML compliance processes. However, information on specific integrations with other tools is limited.
How does Abrigo BAM+ integrate with other tools?
Abrigo BAM+ offers direct file to FinCEN, automated risk rating, advanced reporting, watch list management, and configurable workflows. It integrates with various watch lists for screening and allows direct regulatory reporting, streamlining AML compliance processes. However, information on specific integrations with other tools is limited.
Competitors of Abrigo BAM+ include Actimize AML Essentials, a cloud-based AML solution for mid-sized US banks, and BusinessIQ, which focuses on business credit risk management. Other alternatives, like TLOxp, offer investigative and risk management tools.
What the main competitors of Abrigo BAM+?
Competitors of Abrigo BAM+ include Actimize AML Essentials, a cloud-based AML solution for mid-sized US banks, and BusinessIQ, which focuses on business credit risk management. Other alternatives, like TLOxp, offer investigative and risk management tools.
Yes, Abrigo BAM+ is a legitimate anti-money laundering (AML) software solution used by over 2,400 financial institutions. It offers features such as case management, risk analysis, and fraud detection. G2 reviews rate it 4.4/5, praising its user-friendly interface and comprehensive tools.
Is Abrigo BAM+ legit?
Yes, Abrigo BAM+ is a legitimate anti-money laundering (AML) software solution used by over 2,400 financial institutions. It offers features such as case management, risk analysis, and fraud detection. G2 reviews rate it 4.4/5, praising its user-friendly interface and comprehensive tools.
I couldn't find pricing details for Abrigo BAM+. Contact Abrigo directly for product pricing information or a personalized quote to see if BAM+ is worth the investment for your business.
How much does Abrigo BAM+ cost?
I couldn't find pricing details for Abrigo BAM+. Contact Abrigo directly for product pricing information or a personalized quote to see if BAM+ is worth the investment for your business.
Abrigo BAM+ customer service receives mixed reviews. While some users praise the helpful and knowledgeable support staff, others express frustration with slow response times and occasional difficulty obtaining detailed answers. However, the overall sentiment leans slightly positive, with many users highlighting the excellent training resources and client success managers.
Is Abrigo BAM+ customer service good?
Abrigo BAM+ customer service receives mixed reviews. While some users praise the helpful and knowledgeable support staff, others express frustration with slow response times and occasional difficulty obtaining detailed answers. However, the overall sentiment leans slightly positive, with many users highlighting the excellent training resources and client success managers.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.