Fintellix to Demonstrate Advanced ALLL Management Product at the 2015 ABA CFO Exchange, Nashville, TN

Fintellix to Demonstrate Advanced ALLL Management Product at the 2015 ABA CFO Exchange, Nashville, TN
03.06.2015 01:00 am

Fintellix to Demonstrate Advanced ALLL Management Product at the 2015 ABA CFO Exchange, Nashville, TN


Fintellix will be sponsoring this year’s annual American Bankers Association CFO Exchange. Scheduled to be held from June 8 – 10 at the Hilton Downtown in Nashville, Tennessee the conference will educate community bank CFOs about accounting rules, economic trends, financial metrics, portfolio management, and more. In association with its knowledge partner, Ardmore Banking Associates, Fintellix will be demonstrating its Allowance for Loan and Lease Losses (ALLL) Management Module from its Credit Portfolio Management suite, bringing a proven ALLL methodology delivered on a next generation automation platform to community banks and credit unions.

“The constant change in the community bank CFO's environment— Capital, Profitability, Accounting and Credit Risk Management —is creating some very real challenges”, said Anup Pai, COO, Fintellix. “Which is why the ABA CFO Exchange provides an excellent platform as it enables community bank CFOs to interact with their peers, share ideas, and understand new and upcoming regulations and practices. We are delighted to demonstrate our Credit Portfolio Management expertise, with a focus on how the Fintellix ALLL Manager can help community bank CFOs navigate the new CECL landscape.”

Fintellix Credit Portfolio Manager is the only solution available in the market to cover all aspects of “Loan Data Life Cycle” entailing data acquisition, transformation, unification, standardization, calculation and representation. It is a one stop solution to help community banks and credit unions with ALLL Reserve Calculation and Reporting, Portfolio and Performance Analytics and Reporting, Credit Portfolio Review and Monitoring and Portfolio Stress Testing.

The Fintellix ALLL Manager enables community banks to become audit and examination ready, while providing management with rich credit portfolio analytics. Featuring a  straight-through process built around ALLL calculation and process-related requirements prescribed by regulators, and delivered on a flexible, future-proof, next generation Data Management platform, Fintellix ALLL Manager substantially reduces manual efforts and inaccuracies in calculations. In addition to ALLL calculations and reporting, Fintellix ALLL Manager also helps banks track and manage asset quality definitions with in-built features for early warning asset deterioration signals.

To extract maximum ROI on banks' existing data infrastructure investments, Fintellix also has an innovative Cloud alternative, which besides reducing overall TCO, dramatically shrinks implementation timelines. Fintellix Cloud encompasses Fintellix’s Compliance, Risk and Analytics solutions along with the Fintellix Data Management Platform features as suited to each solution. Fintellix Cloud also eliminates concerns around managing hardware and software as the solution leverages capabilities of a shared infrastructure where banks pay as per usage with a seamless exit strategy, automatic upgrades and scalability.

Related News

Lunar launches account for teens

Nordic challenger bank Lunar has launched an account and card designed to help teenagers better manage their money.

The app, specifically for... Read more »

Taiwan’s First Neobank Selects Temenos Digital Banking Platform to Launch in Record Time

Temenos (SIX: TEMN), the banking software company, today announced that Next Commercial Bank (Next Bank), has selected Temenos Transact to... Read more »

Financial services organisations are not prioritising compliance in their modernisation efforts – new report from Advanced reveals

Just 6% of financial services organisations say it’s essential for them to modernise their legacy systems to meet current regulatory and legislative demands. This surprisingly... Read more »

Andigo Scholarship To Award $12,500

Andigo Credit Union, based in Schaumburg, IL, announced five college-bound high school seniors as recipients for the 2020 Andigo Scholarship Program. The... Read more »

Forecast by Robocash Group: 5G will boost financial inclusion in emerging markets in Asia

Driving improvements in the digital space, 5G has accelerated financial inclusion in emerging markets in Asia. Analysts of the financial holding ... Read more »

Meniga closes a €8.5m strategic investment round led by Groupe BPCE, Grupo Crédito Agrícola & UniCredit

Meniga, a leading provider of digital banking technology for the world’s largest banks, has closed a €8.5m strategic investment led by customers Groupe BPCE, the second-largest... Read more »

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