Adapt to changing needs
Regulators are expecting financial institutions to become truly data-driven. New credit losses accounting standards such as IFRS 9 and CECL require banks, insurers and other institutions who hold credit portfolios to make significant changes to their loss forecasting methods.
SEC filers must have adopted CECL by 2020 with other public business entities following closely behind. The business impacts of CECL will vary depending on each organisation’s asset portfolios, market and other conditions. However, most organisations expect to see an increase in reserves.
Our platform helps you to evaluate asset quality of your portfolios by exposing them to different market environments and scenarios. The unprecedented runtimes allow for multiple iterations, minimising the risk of missing regulatory deadlines because of data problems - via early identification - or human error.