Kalypto/ECL and FRA Bhutan


To comply with IFRS 9 reporting & to automate the Financial Reporting, thus increasing the efficiency and productivity across banks. Also, create one single database for analysis.

Pain Points

  • 1

    IFRS 9, a new guideline in Bhutan & bank was first to adapt it-a lot of uncertainty on the models & approaches to be used for computations & data required for the same.

  • 2

    Bank had data from two different core banking systems as there was a migration happening during our implementation leading to challenges in data quality.

  • 3

    Computation of complicated statistical computations such as PD and LGD and availability and storage of Historical Data required for the computations.

  • 4

    Reconciliation of GL balances with transaction balances & generation of financial statements basis IFRS standards.

  • 5

    Concurrence of auditors concerning computations.

Solution Given

  • 1

    Kalypto/ECL and FRA - Classification and measurement, Individual Impairment module, Collective impairment module, ECL recognition (PD, LGD & macro-economic factors, EAD), Cash flow generation module, SICR checklist, generation of GAAP and IFRS financial statements, automated accounting engine, disclosure reports

Solution Highlights

  • 1

    Robust data validation engine acted as a Single Data warehouse helped the bank sanitize historical data availability, computation and reconciliation issues.

  • 2

    Globally accepted best practices models were built in the system to enable the bank to comply with reporting on time.

  • 3

    The whole computation process was automated using a trigger-based approach.

  • 4

    System facilitates historical data storage required for PD & LGD computation and manual upload facility where historical data was unavailable in the legacy system.

  • 5

    Efficient user audit trail, controls, workflow, authorization and hierarchy approvals mapped as per bank's policies thus facilitating the bank to obtain auditor concurrence seamlessly.

  • 6

    Fully configurable Reporting Engine which can be configured from the front-end by business users thus generating Risk-Based reports with drill-down feature till transaction level.

Key Benefits

Benefits of the Case Study to help you understand our Product and reach of Services in a more convenient way


Bank of Bhutan became the first bank in the entire country to comply with IFRS reporting norms and generation of IFRS set of financial statements with the help of our solutions.


It enabled integrated reporting by enhancing accountability, transparency and integrity.

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