Case Study: MidCountry Bank reduces false positives and improves BSA efficiency with Abrigo BAM+

MidCountry Bank slashes false positives and lifts alert-to-case ratio to 6-8% with Abrigo

MidCountry Bank, a regional community bank in Minnesota, was struggling with an inefficient anti-money laundering program. Their previous BSA/AML software generated thousands of low-quality, false positive alerts each month, which consumed significant time and resources for their staff. To address this challenge, the bank implemented Abrigo's BSA software solution, BAM+.

By switching to Abrigo's BAM+, MidCountry Bank dramatically reduced false positive alerts from thousands to just hundreds per month. This improved their alert-to-case ratio from less than 1% to between 6% and 8%, with the majority of those cases resulting in Suspicious Activity Reports. The solution streamlined their due diligence and reporting processes, saving considerable time and impressing both examiners and auditors with the program's transparency and effectiveness.

MidCountry Bank