Current Expected Credit Loss
The Fintellix CECL solution accepts the import of multiple data files from different sources into one central data repository, which becomes the source of truth for all your allowance calculations. A state-of-the-art solution with powerful features and an intuitive interface, the solution delivers automated, accurate and timely calculation of your allowance. The solution provides flexibility to maintain multiple versions of a calculation with separate inputs and assumptions and also comes with an integrated workflow and approval process. A built-in document repository, with an end-to-end audit log and pre-packaged reports keep you audit and examination ready at any point in time.
Highlights
Economic Data
Integration
Collective and Individual
Evaluation
Multiple CECL
Methodologies
Multiple Calculation
Scenarios
Comprehensive Reports
and Dashboards
Data Quality Assessment
and Data Upload
Workflow Based
Approach
Peer Data Integration &
Analysis
Online Documentation
and Self Help
A Comprehensive, User-Friendly Solution
End to End
The CECL solution is an integrated yet modular solution to measure, monitor, manage and report a bank’s Allowance for Credit Losses. Designed to be audit and examination-ready, the solution meets or exceeds all regulatory requirements and is equipped with a powerful insights module to help C-Level executives with strategic business decisions. The solution offers support for various regulator prescribed CECL methodologies like Vintage Analysis, Cohort Analysis, Weighted Average Residual Life Method and PD/LGD Approach.
Feature Packed
The solution is built to automate allowance calculation process with power packed features like scenario creation, economic data management, peer analysis and many more. It will help you in a smooth transition from current methodologies to CECL based allowance calculations. It has a business user friendly interface and follows a series of simple steps to determine allowance. All calculations follow maker-checker approval process which promises accountability and reliability.
Reports and Disclosures
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