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
Crelan, Director of Finance
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.
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
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