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CECL model: build or buy?

Posted by David Kistler
CECL model: build or buy?

Regardless of an institution’s approach, key consideration areas for a CECL-ready model include data management, contractual life, segmentation, methodologies, forecasting and adjustments, documentation, product evolution and enhancements, training, advisory services and technical support. ...

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Stress testing revisited to avert risk and improve risk ratings

Posted by David Kistler
Stress testing revisited to avert risk and improve risk ratings

There is a wealth of information made available by regulatory agencies and consultants around which types of loan portfolio stress testing methods should be used by financial institutions. Two ways in which stress testing results can be used to an institution's advantage is to avert risk and improve the risk rating process. ...

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Error-free work - Is it time to move past the spreadsheet?

Posted by David Kistler
Error-free work - Is it time to move past the spreadsheet?

What do we do with all of these spreadsheets?With more complexity likely comes a higher risk of error, which puts the institution at risk for exams and audits under the incurred model as well as the current expected credit loss model (CECL). ...

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Pitfalls of OCR

Posted by Elise Hauser
Pitfalls of OCR

For banks and credit unions seeking to automate data entry, there are several software options on the market. One of the most common ways to import the data from a tax return into a digital system is to use Optical Character Recognition (OCR) software. ...

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