Oracle Financial Services CECL Solution
This feature is upgradeable
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You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
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Survey Summary
The Survey Summary provides a full download of the vendor profile, the solution profile and all survey response information uploaded by the vendor in connection with their VendorMatch directory listing. Note that the directory listing requires only check box responses where the RFX response is more comprehensive.
To learn more about subscribing to our service options, please contact us here
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Ask an Analyst
Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
Survey Summary
The Survey Summary provides a full download of the vendor profile, the solution profile and all survey response information uploaded by the vendor in connection with their VendorMatch directory listing. Note that the directory listing requires only check box responses where the RFX response is more comprehensive.
To learn more about subscribing to our service options, please contact us here
Overview
The latest guidelines by FASB on CECL along with intersecting guidelines on Classification and Measurement, Valuations and Hedge accounting will result in major changes in the way most financial institutions account for financial instruments in their books. These along with PCAOB’s auditing standard on accounting estimates makes it pertinent for banks and financial institutions to overhaul their systems to not only cater to the changes in computation but also enable transparency, traceability and auditability.
Key Features
- Out-of-the-box, end to end solution designed specifically to help financial institutions comply with CECL
- Preconfigured with intelligent analytical models and business rules, exhaustive comprehensive data lineage and data-governance with extensive depth of data, and traceability capabilities
- User Interfaces to generate forward looking risk parameters and perform reserve adjustments
- Key disclosure reports through Oracle Business Intelligence
- Preconfigured with intelligent analytical models, exhaustive comprehensive data lineage and data-governance with extensive depth of data, and traceability capabilities
- OFSAA regulatory compliance solutions are continuously updated to reflect changing industry standards and regulations
Key Benefits
Oracle Financial Services Analytical Applications (OFSAA) solution for CECL is built on the integrated Risk and Finance architecture, and helps financial institutions comply with continuously changing standards and regulations.
Key benefits include:
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Multiple compute intensive methods for CECL;
Roll rate
Net Loss rate
Cash flow based methods using cumulative PD adjusted for future forecast
Vintage Analysis
Exposure at default based methods
Provision Rate methods
Prebuilt models for PD compute enables through a Modeling Framework
Models for life of loan estimation
Segmentation based on similar risk based characteristics
Prebuilt configurable rules for classification of debt securities into HTM and AFS
Fair valuations for AFS debt securities
Hedge Accounting
- Enablement of accounting events
