International Financial reporting Standard 9 (IFRS9) provisioning Engine

The implantation of IFRS 9 needs cooperative efforts of many departments in the bank or financial institution like credit, risk management, information technology and finance order to calculate the expected credit loss (ECL) accurately to comply with the regulatory bodies’ instructions like the central banks. We have developed an engine to help the bank or the financial institutions to calculate the provisions efficiently and accurately. The system totally complies with Central bank requirements and capable to deal with huge data base.

The Engine calculates the probability of default (PD) for the bank‘s clients using globally accepted statistics methods. And calculates the loss given default (LGD) from collaterals and expected cash flows. Scenario analysis is available taking into consideration macroeconomics factors like GDP, inflation, and unemployment rate.  

The system is bilingual (English and Arabic) and can be integrated with any Banking core system. High security measures were applied.

The implantation services include guiding our clients to the best practices regarding setting the business modules, scenario analysis, default rate, repayment rate, and cash flow as per the standard and central bank requirements. All this services are free of charge. Any additional customizations needed to comply with the central bank requirements are included in the maintenance contract without any additional fees.

Internal Credit Rating System

The internal credit rating system helps banks and lending companies to make granting decisions and monitor the credit portfolio. The rating system is important component to calculate the probability of default (PD) which is one of IFRS 9 requirements.

This system is credit risk management tool that can measure the credit risk of the borrower and the facility. Financial (like liquidity and profitability) and non- financial factors (like management and market) will be evaluated to assign a grade for the borrower or the facility. Internal credit rating can be used in risk – based pricing process. 

We have developed the system to be very flexible. All the factors can be added, removed, and edited by the user without customization. The user can also change the weights for each factor and defined the grads.  

The system is bilingual (English and Arabic) and can be integrated with any Banking core system. High security measures were applied.

Collaterals Management System

Banks and lending companies need a system to manage and monitor the collateral portfolio, to keep record of the collateral at its actual value and to connect them to the related deals. Our collaterals Management system is a uniform, central collateral registry and analytics provider to give you all the information you need to make the right decision and avoid credit losses.

We have developed the system to be a comprehensive tool to register the collaterals. And there is many important features. For example: entering the insurance policy details, cost of liquidation, depreciation, time period expected to liquidate the collateral. The system sends notification to the user by email.

The user can design and generate reports through a dynamic reporting screen. The system can be integrated with the banking core system. 

Financial Analysis & Cash Flow System

The financial analysis is very important process for any financial institution. Especially for banks and lending companies. Through financial analysis, it is possible to evaluate the financial performance for entities and to evaluate its stability and sustainability.

Strong financial analysis process provide valuable information to make investment and credit decisions. And to manage the related risks to achieve the desired goals.

We have developed the system as flexible tool to make the process efficient and controlled. The outputs will be revealed as standard reports and charts to save time and efforts.  Scenario analysis is available to enter the expected scenarios for cash flows. This is very important feature to calculate the loss given default (LGD) as per IFRS 9. Taking into consideration the macroeconomics factors.