Welcome to CREDO, Your Partner in Common Sense

23rd January 2020

Oudestraat 113

B-2630 Aartselaar

Mail us


Our Financial Risk Management platform comprises a state-of-the-art IFRS9 engine, available at a very reasonable cost. We have all expertise needed to manage your IFRS9 impairment implementation end-to-end, fully reusing existing modelling. Several of our banking customers are also using the IFRS9 solution to drastically speed up their stress testing exercises.

Functional components

  • Optimized calculation of ECLs and stage transfers for exposures under stage 1/2/3
  • Modelling: easily configurable set of market-standard IFRS9 models
  • Inclusion of economic forecasts to make the stage transfer and impairment calculations forward looking
  • Possibility to overrule data inputs if needed
  • Management overlay: allows overruling of staging and/or impairment results for specific contracts
  • Sign-off: formal validation of staging and impairment results before final booking
  • Booking engine: standard output interface with event- and inventory messages
  • Calculation of quantitative disclosure (see IFRS 7 § 35H)

Optimal mix of proven and new technologies

  • Component-based/service-oriented architecture in Java
  • Cloud-technology allows easy deployment across groups
  • In-memory cache for optimal performance

Supporting technical components

  • Clearly documented standard data interfaces
  • Flexible workflow: process flow not hard coded into the solution
  • Rules engine for flexible discrete decisions, e.g. staging
  • Secure access to the software
  • Audit trail: all manual modifications subject to functional audit trail
  • Logging of all events
  • Error manager