CareEdge | Risk Solutions

Objective

To implement IFRS 9 and automate the process to increase efficiency and productivity across banks.

Pain Points

1
IFRS 9, a new guideline, a lot of uncertainty on the models and approaches to be used for computations and data required for the same.
2
Issues related to the quality of data available to be used for computations.
3
Contractual repayment schedule required for computation of EAD was not stored in the CBS.
4
Data readiness is required for the computations.
5
Time Consuming and complicated manual process.

Solution Given

1
Kalypto/ECL - Classification and measurement, Individual Impairment module, Collective impairment module, ECL recognition (PD, LGD & macro-economic factors, EAD), SICR checklist, Cash flow generation module.

Solution Highlights

1
Leveraging the team's global experience and expertise to interpret the new guideline issued.
2
Sharing data points needed and explaining to bank users on the new norms and suggesting the best models applicable based on the size and portfolio of the bank.
3
Mapping the models with the data points available at the bank.

4
CARE implementation team helped the bank sanitize historical data available and make it fit to be used for computations.
5
Cash-flow generation module was integrated into the system by which contractual repayment schedule for all relevant accounts was generated.
6
The whole computation process was automated using a trigger-based approach thus minimising manual intervention.

Key Benefits

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

Bank was awarded the overall winner of 'Financial Reporting (FIRe) Awards, held on November 8, 2019, for enhancing corporate value through excellence in financial reporting.

Enables integrated reporting through enhancing accountability, transparency and integrity.

Enhances compliance to the new financial reporting framework and other areas of compliance as needed by the bank.