IFRS 9 & CECL for Automotive Finance

IFRS 9 & CECL for Automotive Finance

Predict future losses and accurately provision reserves with advanced analytics.

Overview

No matter where your institution is along the path to meeting compliance for CECL (Current Expected Credit Loss) or IFRS 9 (International Financial Reporting Standard 9), you may face challenges across technology, data or strategic alignment.

Your approach to loss forecasting will require collaboration between Risk and Finance teams — and to maximize business results, decisions across the customer lifecycle need to be put into operational practice with precise and automated advanced analytics. FICO has the software, consulting and analytic models to help your business thrive under these new requirements.

  • Fully compliant CECL/IFRS 9 models
  • Insightful and actionable MI and portfolio insight
  • Access to experienced consultants with hands-on industry impairment management experience
  • Fast, accurate, highly scalable calculations
  • Robust, user-friendly "what-if" scenario capability
  • Insightful, dynamic MI and automated disclosure reporting
  • Effective decision strategy and business planning support

‌  Industry-leading predictive analytics and deep domain and loss forecasting experience.

‌  Proven high-performance software platform for estimating losses from diverse data and multiple models.

‌  Comprehensive governance of participants, roles and actions.

‌  Integrated simulation tool for exploring and comparing what-if scenarios to understand key drivers, sensitivities and volatilities.

‌  Process transparency, with audit trail capturing all steps, plus drill-down into individual accounts for detailed confirmations.

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Resources

book

New Zealand 2019 Global Consumer Survey of Vehicle Finance Perceptions

In late 2018, FICO commissioned a global independent research study with 2,000 consumers across nine countries to better understand key consumer perceptions within the vehicle financing experience.
book

United Kingdom 2019 Global Consumer Survey of Vehicle Finance Perceptions

In late 2018, FICO commissioned a global independent research study with 2,000 consumers across nine countries to better understand key consumer perceptions within the vehicle financing experience.
book

Australia 2019 Global Consumer Survey of Vehicle Finance Perceptions

In late 2018, FICO commissioned a global independent research study with 2,000 consumers across nine countries to better understand key consumer perceptions within the vehicle financing experience.
book

Canada 2019 Global Consumer Survey of Vehicle Finance Perceptions

In late 2018, FICO commissioned a global independent research study with 2,000 consumers across nine countries to better understand key consumer perceptions within the vehicle financing experience.