DATA ASSESSMENT (R-GAP)
“Ardmore’s Credit Data Assessment service was extremely valuable to Brookline Bancorp – as it helped us quickly identify strategic and tactical actions we could take to be better prepared for CECL and stress testing initiatives. The process was quick, virtually painless, and the results were actionable. Ardmore has a depth of knowledge of credit data and related processes that is unique in the industry. All banks will find value in using this important service, especially now with CECL and other regulatory initiatives on the horizon.”
– Robert Rose, Chief Credit Officer, Brookline Bancorp Inc.
Is your bank’s loan portfolio data ready to support regulatory needs for CECL, Stress Testing and Concentration Management?
The Ardmore Fintellix Rapid Gap Analysis Process (R-GAP) tells you what you must know to fix your credit data today. A proven expert third-party Credit Data Assessment Service, R-GAP is a comprehensive review of your bank’s current Credit/Risk Portfolio Data Management procedures and tools.
- Gap Analysis of your bank’s current credit data management vs. industry best practices
- Review of current credit data collection processes as well as status of credit data accessibility and data integrity
- Custom Action Plan to address efficiency and automation
- Guidance on data needs in preparation for eventual CECL and Dodd Frank Act Stress Testing (DFAST) needs
Before you invest in an automated CECL/ALLL or Credit Data Warehouse, know your gaps and follow an action plan to prepare efficiently and effectively.
For community banks, the game is changing, driven by regulatory demands for more data, reporting, disclosures and statistical modeling.The new CECL guidelines for ALLL, expectations around Stress Testing and Capital Planning and a new focus on concentration management for community banks, all require more loan portfolio data with faster turnaround. Spreadsheets and manual calculations will no longer meet your Bank’s needs.
Ardmore Fintellix’s community bank data experts can assist your bank to proactively prepare for heightened regulatory expectations by ensuring that your current credit data capabilities are sufficient to address CECL and other reporting and analytical needs. When the time comes for increased regulatory scrutiny, your bank will be ready.
484 – 417 – 2099