Fintellix to Showcase Cloud-based ALLL Product at 2015 ABA Risk Management Forum
Regulatory Compliance Solutions Leader to Demonstrate Product Capabilities built on Fintellix's Next Generation Data Platform.
- (1888PressRelease) April 11, 2015 - With the theme 'Make Sense of Risk', the 2015 ABA Risk Management Forum is scheduled to be held from April 15 to 17 at the Hyatt Regency, St. Louis, Missouri. This year's forum will cover the range of risk areas facing today's banks, including enterprise, operational, regulatory and security to understand key insights risk managers need to identify, monitor, measure and control risk across the banking enterprise. Featuring leading best practices and practical tools to make sense of risk landscape impacts banks, the forum is a must attend for risk professionals in banks and financial institutions.
At the forum, Fintellix will be showcasing its ALLL Manager product which is an integrated yet modular solution to measure, monitor, manage and report ALLL. With regulators having intensified their scrutiny of ALLL methodology by focussing on the entire process, right from classification and segmentation of the Loan Portfolio through to the final reporting, Fintellix ALLL Manager is by far the most agile and comprehensive tool available, that covers dynamic auditor and examiner requirements. Also, given the impending regulatory shift to the new Expected Loss Method (CECL Model) having added its own set of challenges, Fintellix ALLL Manager helps banks transition smoothly to the new methodology with features such as storing loan level data and running all calculations at the most granular level.
In addition to ALLL calculation, Fintellix also helps banks track and manage asset quality definitions with in-built features for early warning signals on asset deterioration. Moreover, Fintellix Cloud enables banks to reuse their data for portfolio and operational analytics as well.
Built by bankers, Fintellix ALLL Manager is a solution that is meant to be used by bankers with minimal dependency on IT. Featuring a straight-through process and incorporating all process-related requirements prescribed by regulators, Fintellix ALLL Manager is delivered on a flexible, future-proof, next generation Data Analytics platform. Fintellix ALLL Manager is now also available via the Fintellix Cloud, which besides reducing overall TCO also shrinks implementation timelines dramatically. Fintellix Cloud eliminates concerns around managing hardware and software, because the solution leverages the capabilities of a secure, shared infrastructure with a transparent exit strategy, automatic upgrades and scalability where banks pay as per usage.
The Fintellix ALLL Manager product is available direct from Fintellix and also via its partners in the US, i.e. La Meer Inc. and Business Intelligence LLC. As a special offering for ABA bank members, Fintellix will also be extending a limited period offer of a free proof of concept of the ALLL product during the forum.
About Fintellix Solutions
Headquartered in Bangalore, India and with offices in New York, Mumbai, Manila, Johannesburg and Dubai, Fintellix is a leading Compliance, Risk & Analytics (CRA) Products and Solutions provider for the global Financial Services industry. Fintellix's Banking solutions are available for on-premises implementations as well as provisioning from a Regional Cloud Infrastructure. Fintellix is currently active in India, US, Europe, Middle-East, Africa and South East Asia; and has some of the Global Top 50 Banks and leading Global/ Regional banks as clients. www.fintellix.com
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