InfoTrace offers a comprehensive and flexible solution for International Financial Reporting Standard (IFRS) 9, as published by the International Accounting Standards Board (IASB). Our IFRS 9 solution is designed to be highly modular and plug-and-play, making it easy to integrate into existing lending systems or to function as a complete standalone lending platform, tailored to your specific needs.
1. Modular and Flexible Integration: - Our solution can be seamlessly added to your existing lending infrastructure as a modular component, providing specific functionalities as required.
2. Data-Driven Accuracy:- Provisions are calculated using a combination of historical client data, Credit Reference Bureau (CRB) data, and macroeconomic
factors relevant to the specific period. This multi-faceted approach ensures that our provisions are highly accurate, reflecting real-world conditions and individual client histories.
3. Provision Calculation:– Our IFRS 9 solution includes tools to calculate Provisions for Default (PD) across various time horizons:
a) Origination PD:- Probability of default at the origination of a loan.
b) One Year PD:- Probability of default over the next year.
c) Lifetime PD:- Probability of default over the entire expected life of the loan.
4. Customization and Flexibility: - Our models are designed to be flexible, allowing clients to incorporate additional data sources that may impact provision calculations.
- This customization ensures that our solution can adapt to the unique needs and data environments of different financial institutions.
5. API Integration for Recommendations: – Providing APIs and integration services to embed recommender system capabilities into existing applications, websites, or platforms.
6. Monitoring and Analytics: – Setting up monitoring and analytics tools to track the performance of recommender systems, gather insights, and identify areas for improvement.
Regulatory Compliance: Ensure full compliance with IFRS 9 standards, avoiding potential regulatory issues and penalties.
Enhanced Accuracy: Leverage a robust, data-driven approach to provision calculation, resulting in highly accurate financial forecasting and risk assessment.
Cost Efficiency: Reduce operational costs by integrating a solution that streamlines your existing processes and enhances productivity.
Improved Decision Making: Gain actionable insights from comprehensive data analysis, supporting better strategic decisions and risk management.
