Friday, September 15, 2017
"Risk management and compliance in an evolving regulatory environment is a significant challenge facing financial institutions," said
The CECL standards, which will become effective in 2019 and 2020, based on the size of the financial institution, require financial institutions to alter the way they approach their end-to-end reserving process, replacing the current incurred loss approach with a lifetime expected loss estimate. As institutions refine their understanding of these changes, they will be able to begin to proactively design current capital reserve calculation and risk management strategies with solutions from
Prologue Credit Loss Manager provides financial institutions with a broad range of information required to measure credit losses including "reasonable and supportable" assumptions that affect expected collections of principle or payments on financial instruments under the CECL standards. Because the solution allows consideration of any reasonable approach that reflects the possibility of a credit loss, accounting and risk managers and executives can better plan and adjust their strategy.
"Effective risk management is a key factor in financial institution efficiency and profitability," said
Financial information from Prologue Credit Loss Manager can be seamlessly integrated with insights from other Financial Performance & Risk Management solutions from
In a world that is moving faster than ever before,
View source version on businesswire.com: http://www.businesswire.com/news/home/20170913005755/en/
Director, Public Relations
Sign up to receive the news you want from ATMIA. We have a wide selection ranging from conference details, regional news and industry updates. You may update and change these details at any time. We look forward to staying in touch!
Add atmia.com to your favorites, make it your homepage or pin the website to your task bar or desktop.
Subscribe to our RSS feed and stay up to date with all of our press releases.