Data is Gold – How to Maximize the Returns on your data investments
Data is increasingly becoming a key organizational asset for banks and therefore maximizing ROI on your data investments is imperative in today’s world. Leveraging data the right way can act as a critical competitive advantage as well. This whitepaper details how a bank can achieve this with optimal levels of investments.
CECL – Cost Benefit Analysis
A lot of banks are wondering what will it cost to implement CECL guidelines. This is the only detailed cost-benefit study related to CECL implementation focused on community banks. Banks can refer to this study to understand their choices when it comes to CECL – in-house, third-party vendor or buying a solution – and the associated costs/benefits with each option.
Stress Test – New Approach
Most community banks think stress testing is an expensive best practice. A new approach that focuses on data & stress testing without expensive implementations is needed. This whitepaper discusses such an approach that provides all the benefits of a robust stress testing practice without the need to buy expensive solutions.
CECL – Start Preparing Now
Most banks have time till 2019 to comply with CECL guidelines. While that seems far away, the truth is quite the opposite. Implementing CECL requires extensive data going back 3 to 5 years and banks need to do a parallel run with existing ALLL methodologies to plan ahead for the one-time hit on capital. Banks starting early will clearly have a competitive advantage.
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