Fintellix Community Banking Division and Ardmore Banking Advisors to Showcase CECL-ready ALLL Solution at RMA Risk Management Conference, Boston

Fintellix Community Banking Division and Ardmore Banking Advisors to Showcase CECL-ready ALLL Solution at RMA Risk Management Conference, Boston
27.10.2015 00:00 am

Fintellix Community Banking Division and Ardmore Banking Advisors to Showcase CECL-ready ALLL Solution at RMA Risk Management Conference, Boston

Banking , Infrastructure

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”.

Related News

UBX opts Temenos to transform banking in the Philippines

Temenos (SIX: TEMN), the global banking software company, today announced a partnership with UBX, the fintech subsidiary of UnionBank of the Philippines, the seventh-largest... Read more »

Wari Integrates with WhatsApp to Enable Customers Request Financial Services

More than 1-billion people in over 180 countries use WhatsApp to stay in touch with friends and family, anytime and anywhere. It is this very reason that has driven ... Read more »

Khaleeji Commercial Bank Fully Compliant with the Central Bank of Bahrain’s Open Banking Directives

 Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in Bahrain, has officially announced its readiness for open banking services today, making it the first bank... Read more »

Cryptomathic Announces Acquisition of Aconite Technology

Cryptomathic, the global specialist in secure server and payments solutions, today announces the strategic acquisition of end-to-end EMV® card lifecycle, transaction processing... Read more »

Finastra’s open cloud platform drives collaboration and innovation in financial services

Today ahead of its FusionONE developer conference, co-hosted with Microsoft, ... Read more »

Redwood Bank Becomes the 31st Bank to Join Flagstone

Redwood Bank, which focuses on small and medium-sized businesses in the UK, has become the latest challenger bank to join Flagstone’s cash deposit platform. Flagstone’s SME... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel