Fintellix to Showcase Cloud-Based ALLL Product at 2015 ABA Risk Management Forum
Summary
Featuring a straight-through process and incorporating all process-related requirements prescribed by regulators, Fintellix ALLL Manager is delivered on a flexible, future-proof, next generation Data Analytics platform.Fintellix Cloud eliminates concerns around managing hardware and software, because the solution leverages the capabilities of a secure, shared infrastructure with a transparent exit strategy, automatic upgrades and scalability where banks pay as per usage.Featuring leading best practices and practical tools to make sense of risk landscape impacts banks, the forum is a must attend for risk professionals in banks and financial institutions.At the forum, Fintellix will be showcasing its ALLL Manager product which is an integrated yet modular solution to measure, monitor, manage and report ALLL.Also, given the impending regulatory shift to the new Expected Loss Method (CECL Model) having added its own set of challenges, Fintellix ALLL Manager helps banks transition smoothly to the new methodology with features such as storing loan level data and running all calculations at the most granular level.In addition to ALLL calculation, Fintellix also helps banks track and manage asset quality definitions with in-built features for early warning signals on asset deterioration.Featuring a straight-through process and incorporating all process-related requirements prescribed by regulators, Fintellix ALLL Manager is delivered on a flexible, future-proof, next generation Data Analytics platform.
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