CECL Express
GreenPoint Global
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
General information
How it works
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.
Collect loans and Market data
CECL Express collects the portfolio data from the core loan system and applies its pre-integrated market data from sources like the FFIEC, the Federal Reserve Board and the U.S. Treasury.Configure preferences
The solution provides dashboards and graphics to manage your institution’s unique characteristics such as the loan pool definition and the Qualitative factors.Run Algorithms
CECL Express then activates the ACL engine conducting complex calculations overnight.Make optimal decisions
The next morning you can review and analyze the results using intuitive dashboards, designed for understanding the analysis, making provision decisions.Justify decisions
These dashboard and drill downs make it easy to explain the methodology to your auditors.
How it looks
CECL Express optimization dashboard
Gives an overview of capital requirements under different risk appetite scenarios. Show lessA complete application
CECL Express allows you to compare and choose between all 5 loss methods permitted by the regulation. Show lessA view at the loan pool level
CECL Express allows you to drill down and compare results under different scenarios, decide and justify decisions. Show less
CECL Express optimization dashboard
Gives an overview of capital requirements under different risk appetite scenarios. Videos
Resources
