Ardmore Banking Advisors has partnered with Verisk Financial | Fintellix as a strategic sales & implementation partner to bring its Credit Portfolio Management (CPM) solution set to banks across America. The suite is a securely-hosted integrated - yet modular - solution for credit portfolio data management. The suite includes modules for CECL/ALLL, stress testing and portfolio reporting & analytics, leveraging a comprehensive central data mart to get the most value out of your credit data. For over 25 years, Ardmore has successfully worked with numerous financial institutions with their unique depth of understanding of smaller financial institution credit data, related systems and the loan origination process.
Computer Services, Inc. (CSI) (OTCQX:CSVI) has aligned with Verisk Financial | Fintellix to offer its customers access to Verisk Financial | Fintellix’s CECL/ALLL solution. The solution offers banks a comprehensive tool for measuring, monitoring and managing reserves using the expected loss approach, as per the CECL guidelines released in June 2016. The solution accepts the import of multiple data files to create a central data repository, and CSI customer data will be integrated into the solution, helping to automate and enhance CECL calculations. CSI delivers core processing, managed services, mobile and Internet solutions, payments processing, print and electronic distribution, regulatory compliance, and treasury management solutions to financial institutions and corporate customers.
Asset Management Group, Inc. (AMG) is a leading provider of asset liability management services to community banks through the BancPath Suite of interest rate risk analytics and regulatory reporting (https://www.bancpath.com). As financial institutions prepare for the new current expected credit loss (CECL) guidelines set forth by the Financial Accounting Standards Board (FASB), Asset Management Group, Inc. (AMG) has aligned with Verisk Financial | Fintellix to offer its customers access to Verisk Financial | Fintellix’s CECL/ALLL solution. In conjunction with Verisk Financial | Fintellix, the company offers banks a comprehensive tool for measuring, monitoring, and managing reserves using the expected loss approach, as per the CECL guidelines released in June 2016.
OnApproach, the leading provider of data/analytics solutions for credit unions, has entered into a strategic partnership with Verisk Financial | Fintellix Cloud, a leading provider of intelligence, decision support solutions, and advisory services to financial institutions across the globe, to improve access to CECL solution for credit unions. Both the companies will work collaboratively with the financial institutions on their journey to navigate this new mandate, especially as guidelines and best practices continue to evolve.