Ensuring Your Compliance and Improving Your Performance
Creditinfo’s IFRS 9 Solutions is the most predictive one available in the market. It enables our clients to carry out advanced risk management and increase profits!get in touch
What is new with IFRS 9?
IFRS 9 is a new international accounting standard replacing IAS 39. IFRS 9 sets out the requirements for recognizing and measuring financial assets and financial liabilities. In particular, it sets requirements on the assessment of the risk of a loan portfolio, based on statistical forecasts of expected losses from defaulted loans. Now all loans, even perfectly performing ones must have provisions set aside for credit loss. Whilst IFRS provides global standards, local regulators can impose specific requirements in their markets. Penalties for non compliance may also be determined by local regulators. Fundamental to the new regulations is the requirement to accurately predict the probabiligy of a loans defaulting.
Why to choose Creditinfo for IFRS 9?
Creditinfo’s IFRS 9 products will ensure your Impairment calculations are accurate and IFRS 9 compliant. Our IFRS products meet the extensive demand from the credit industry, due to the obligation for all to comply with IFRS reporting requirements starting in 2018. Our offer will enable you to meet your regulatory requirement in a cost effective way, using Creditinfo Credit Bureau and open up opportunities to improve performance through the use of data analytics with the help of our data scientists.
Are you a Credit Provider?
- Cost & Time effective compliance with IFRS 9
- Most accurate available assessment of your portfolio risk
- Opens up additional Credit Risk Management strategies for your business
Are you a Regulator?
- Independent calculation of IFRS 9 impairment values
- Consistent IFRS 9 measurement across the market
- Benchmarking and early warning signals available