CECL Express is turnkey, as-a-service solution that takes the complexity out of understanding and complying with the new CECL standard. Furthermore, CECL Express helps to counter the large increase of 20% - 40% that CECL is predicted to have on your capital requirements.
To counter this increase in capital requirements, Financial Institutions must understand all permitted calculation methods, feed new market data sources to new algorithms, select the optimal approach for their risk appetite, and justify it to their auditors.
Optimize your ACL (Allowance for Credit Loss)
Avoid punitive capital lock, only possible by deploying all the five ECL methodologies on the right loan pools.
Make the complex simple
Overcome complexity, go beyond raw calculations, perform what-if analysis and quickly arrive at conclusions that you can prove to your auditors.
Comply fast, at low total cost
Achieve low risk, low-cost implementation, and operations: A turnkey, as-a-service solution with all the required market data, on the entire loan book in Finastra core banking
CECL Express offers a cloud based turnkey solution to comply with CECL requirements as well as to optimize the ACL impact. The solution is fully integrated with Finastra core systems (Phoenix – Sparak – UltraData) but it accepts loan information from any other core loan system and guarantees no data retention during the process.