No matter where your institution is along the path to meeting the Impairment of Financial Assets requirements of the International Reporting Standard 9 (IFRS 9), you face challenges. Apart from mastering the complexities of modeling 12-month and lifetime loss estimates from day one and booking new accounts, you need the means to perform these demanding calculations – involving more data and models – within the same monthly reporting periods. You need to facilitate dialog between Risk and Finance. And while implementing your solution, you must start transitioning your credit lifecycle strategies to deliver the results you want under the new conditions. FICO® offers a complete IFRS 9 Impairment Management Solution that includes modeling, software and consulting. If you are just getting started, we can take you from gap analysis and a detailed roadmap of what has to change for compliance, through doing the work that puts you there on time. If you’re well along, bring us in to accelerate the rest of the process or to add resources where you need them. Learn more about how the FICO® IFRS 9 Impairment Management Solution brings financial institutions into compliance on time and in a competitively advantageous position.
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