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Wherever you are on your path to compliance with IFRS 9 Impairment, FICO will help you make the deadline on time, more cost efficiently and in a better competitive position. We can not only identify what you need to do, but perform the work to get you there and deploy the solution. Along the way, we can help you transition your portfolio strategies and credit lifecycle decisions to deliver the results you want under the new accounting standard. FICO’s complete IFRS 9 Solution includes:
No matter where your institution is along the path to meeting the Impairment of Financial Assets requirements of the International Financial Reporting Standard 9 (IFRS 9), you face challenges. Apart from mastering the complexities of modeling 12-month and lifetime loss estimates from day one of 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.
The FICO IFRS 9 Impairment Solution simplifies and accelerates the compliance process from end to end. Our high-performance IFRS 9 engine ingests vast amounts of diverse data as well as other customer information. It rapidly classifies accounts as Stage 1, 2 or 3, then forecasts Expected Loss (EL) by calculating Probability of Default (PD), Exposure at Default (EAD) and Loss Given Default (LGD) according to your chosen scenarios and probabilities for macro-economic, market and portfolio change. Using interactive tools, you can explore and adjust classification rules, scenarios and probabilities, as well as the underlying models, to assess the impact on EL. Once the forecast has been signed off on, generating financial reports is push-button easy. The entire process is transparent, documented and explainable—with drill down to the code level and unbroken lineage from raw data to published financials.
Solving your biggest and most complex business problems.
FICO Optimization Community
Drive faster, smarter and consistent business decisions.
FICO Decision Technology Community
Put the power of optimization in the hands of business users.
Industry leading, data and analytics visualization tool to monitor your data, decisions, and performance.
Attain the best predictive models for your business needs.
FICO Analytics Community
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