IFRSX

Robust & highly efficient calculation engine for IFRS, Risk Management and Stress Testing

Credo’s RegTech platform IFRSX brings to life decades of experience with Finance & Risk measurement calculations in financial institutions, using an optimal blend of established and cutting-edge
open source technologies.

Built on top of Credo’s fully integrated Core Model , it is the ideal environment for performing integrated risk calculations and stress testing/scenario analysis.

IFRSX

&nbsp

Credo's IFRSX/9 tool and its seamless integration into our Finance architecture allow us to perform the End-to-end ECL process Straight Through into GL. Moreover, Credo certifies backward compatibility of its software and our historic data, which allows automated generation of the FINREP F12 disclosure over time.

Crelan, Director of Finance
&nbsp

Credo's IFRSX/9 tool and its seamless integration into our Finance architecture allow us to perform the End-to-end ECL process Straight Through into GL. Moreover, Credo certifies backward compatibility of its software and our historic data, which allows automated generation of the FINREP F12 disclosure over time.

Crelan, Director of Finance

Extremely robust

Very reliable set of components with straightforward and effective tooling

Highly flexible & scalable

Designed for use in auditable reporting under tight deadlines

100 % Auditable

Scrutinized by the Big 4 and banking supervisors

Where Integrated Risk meets IFRS

The combination of Risk and IFRS measurements within a single environment will make it possible for a single user to evaluate and forecast parameters such as the CET1 ratio. Arguably a lot easier than the current way of working, in which several departments of Risk and Finance have to provide their individual inputs in a cumbersome exercise throughout the bank, right?

IFRSX is available both on-premise and in the Cloud – depending on your needs.

&nbsp

The extensive IFRSX drill-down functionality and detailed disclosure results provide all insights and transparency needed to answer questions of internal and external stakeholders.

Crelan, users
&nbsp

The extensive IFRSX drill-down functionality and detailed disclosure results provide all insights and transparency needed to answer questions of internal and external stakeholders. (Crelan, users)

Crelan users

Fast, scalable and robust

Push ‘run’ and wait many hours or even days to get results? There is no good excuse for the performance issues of most Risk & Finance tools! Our high-performance computing experts have selected highly efficient and scalable number crunching techniques instead. To achieve excellent robustness as well, we still rely on proven established technologies where needed.

RegTech

Open Source

Well-established

IFRSX combines different financial risk types and IFRS finance measures into a single suite. Doing so, we tear down the unproductive walls that exist in most banks between

  • Risk silos
  • Risk & Finance
  • Measurement teams and modellers

Risk

Finance

Forecasting

Fully integrated

Heavy Duty

IFRSX is a professional IT product designed to seamlessly connect with your data and reporting architecture. It runs in a failsafe and 100% auditable manner within your end-to-end measurement processes. To make your projects run smoothly, integration is done by Credo itself.

End-to-end

Fail-safe

Auditable

IFRSX modules

Check out the IFRSX modules that are already running in production at many financial institutions.

Fast and accurate tool for computing your ECL and staging under IFRS9. Our flexible suite of market-standard credit risk models can accommodate the IFRS9 modelling set-up of any bank. Everything is versioned and subject to Audit Trail. Data ingestion and output of results happens via robust standard interfaces. The dreaded F12 disclosure is computed automatically in no time.

Flexible

Fast

Forecasting

IFRSX/9

IFRSX/16

Streamline your lessee accounting by gathering all leasing contracts into IFRSX/16. Have the flexibility to deal with various accounting choices, such as renewal-, purchase-, termination options, variable lease payments, split lease vs non-lease components, contractual changes, etc. Measurement of sublease contracts is covered as well. Benefit from the ease of integration and governance/compliance support underlying all IFRSX components.

Lease liability /
right of use

Optionalities

Contractual
changes

Interested in streamlining your IFRS or Integrated Risk calculations using IFRSX?

Contact us for more information!

Name* First and last name

Organization*

Email*

Phone Number*

Message*

I agree that my contact details are stored internally by Credo for getting in touch with relevant info on Credo's solutions.

captcha

* required field

Top