Case Study: The Bank of Austin achieves automated AML transaction monitoring and examiner-ready BSA reporting with Abrigo BAM+

The Importance of an Automatic Transaction Monitoring System

The Bank of Austin, a $174 million community bank, faced gaps in its BSA/AML program after relying on manual transaction monitoring that left potential suspicious activity undetected and drew examiner concern. To modernize its compliance controls, the bank engaged Abrigo and implemented Abrigo’s BAM+ transaction monitoring solution to automate scenario-based monitoring, reporting, and alerts.

Abrigo worked with The Bank of Austin to calibrate BAM+ to the bank’s risk profile, enabling automated alerts, scenario reporting, and metrics on SARs and staff performance. As a result, the bank now detects more potentially suspicious activity, produces examiner-ready documentation and reports, and operates a demonstrably more robust BSA/AML program—giving compliance leadership greater confidence in their monitoring and regulatory readiness.

The Bank of Austin

Staci Angel

Senior Vice President, Compliance Officer