Scheduled to be held from November 1 to 3 at the Sheraton Boston Hotel, MA, the Risk Management Association's (RMA’s) annual risk conference will share insights on risk management, specialized lending, regulatory issues and educate community banks on how to deal with critical risk management issues faced by US banks today and that they will face tomorrow. This is RMA’s biggest event of the year which will also have celebrated speakers providing key insights into the regulatory environment, the future of banking, and the economy.
Fintellix's Community Banking Division, together with Ardmore Banking Advisors, will showcase their Credit Portfolio Management suite, focusing on the Allowance for Loan and Lease Losses (ALLL) Management Module, which offers community banks and credit unions a proven ALLL methodology delivered on a next generation automation platform.
Standardization of banking supervision is driving change across the banking industry globally, especially considering enhanced financial reporting, risk measurement and management. These initiatives have been steadily expanding the regulatory burden on community banks and increasing the cost of regulatory compliance. The Ardmore - Fintellix alliance addresses the need for a comprehensive solution that can help community banks more easily manage their regulatory compliance needs, and enable bank management to focus on business growth and profitability.
The Fintellix - Ardmore partnership delivers a unique ‘global/local’ alliance that combines global expertise, local experience, and next generation technology solutions to lower the cost of compliance for community banks. Through this alliance, community banks have the advantage of a CECL-ready ALLL solution powered by a comprehensive credit data warehouse as Software as a Service (SaaS). Ardmore’s seasoned credit professionals ensure that the ALLL solution is tailored for each bank’s specific needs and business model.
Speaking on the occasion, Sunny Malhi, Vice President, Fintellix Community Banking Solutions commented: “RMA's upcoming Annual Risk Forum is an ideal platform for us to showcase our innovative credit information management solutions that deliver superior ROI to Community Banks and Credit Unions. Given that the Forum will have an impressive spectrum of risk professionals, we are looking forward to demonstrate our solutions to the right audience, especially our flagship CECL-ready ALLL Management offering”.
Peter Cherpack, Executive Vice President, Ardmore Banking Advisors added: "We are excited to bring a proven global credit information management platform to US community banks. The combination of Fintellix’s powerful technology and Ardmore’s deep community bank credit risk consulting expertise create a unique opportunity to solve compliance problems for community banks”.