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Synergies IFRS9 Solution

Unicore Technologies

IFRS9 Solution

International Financial Reporting Standard (IFRS) 9, is replacing the International Accounting Standard (IAS) 39 regarding the methodology used to derive impairment provisions on financial instruments.

IFRS 9 introduced the Expected Credit Loss (ECL) model that replaces the current Incurred Credit Loss (ICL) model under IAS 39. As reporting entities, banks are recognizing not only incurred credit losses but also losses that are expected in future

Solution Features

  • Enables banks to improve credit risk provisioning by reporting to enhance their resilience and capacity to withstand losses occasioned by loan defaults
  • Provides an enhanced and easy way to classify, book and report based on the IFRS 9 standard 
  • Provides comprehensive Reporting and enable mapping and management of the different stages and related implication
  • Enables Easy and Seamless Integration with any other systems or other core banking systems if relevant

 

For more info, contact us at support@lyst-tech.com

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https://store-images.s-microsoft.com/image/apps.49134.7aa7cac9-3ecf-476f-97b3-a99525e679ae.34d5847c-966c-44bc-bbf2-2d07e0d4a8b7.dcee8b71-6ffe-466a-a06a-1e61475aded3