Case Study: Webster Bank strengthens credit decision-making with Abrigo

Webster Bank speeds credit reporting with Abrigo’s Sageworks in 2017

Webster Bank's Chief Credit Officer, Jason Soto, identified a need to improve the bank's decentralized data and analytics for its credit team. The existing reporting system was inefficient, hindering effective decision-making across multiple lines of business. To manage its growing and complex portfolio, Webster needed a more accessible and robust solution for credit risk management, which led them to partner with vendor Abrigo and implement their Sageworks technology.

Abrigo worked with Webster Bank on a phased implementation of their Sageworks platform, which included enhancements and comprehensive training programs. The solution provided the credit department with a unified system for automation and flexible reporting. The results included faster report turnaround, better analytics for informed decision-making, and the creation of control reports to ensure data accuracy. Abrigo's technology helped Webster strengthen its risk management and support growth.

Webster Bank