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Home Risk Calm
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RiskCALM4™ Solution Benefits for Each Credit Union

RiskCALM4™ is a fully integrated loan and deposit platform that addresses the new IFRS 9 requirements and features these benefits.

Technical Benefits

Infrastructure Management:

  • provides and maintains the servers, operating system, application server and database
  • Security via firewalls, intrusion detection and encryption
  • Operating system patching and upgrades
  • Database and Application server patching and upgrades
  • Application maintenance and upgrades
  • Backup management
  • Disaster recovery

Business Benefits

Risk Management:

  • Development of an Automated and Integrated Credit Score Model
  • IFRS 9 Calculations (PD, EAD, LGD, ECL)
  • Summary of the total ECL/provision amount
  • Automated Governance and Policies
  • Stakeholder Communications
  • Data Management including:
    • Data storage
    • Data security
    • Managing history down to every loan's data
  • Auditability needed for regulatory issues including:
    • For each loan we store all data related to the loan decision, data related to the credit score, data related to the risk based pricing, data related to policies and overrides
    • For the credit score model we store a complete history of the credit risk model
  • Reporting
  • Re-evaluation of the Credit Score Model

Loan Origination:

  • Full range of loan products and collateral options
  • Electronic document preparation
  • Loan Calculations (Payment Stream, Credit Life & Disability, Debt to Income)
  • Financial Spreadsheet Analysis for Business Members
  • Automated Underwriting and Loan Decisions
  • Customer Identification, OFAC and Sanctions List
  • Workflow Management

Deposit Account Platform:

  • Full range of deposit products
  • Electronic document preparation
  • Customer Identification, OFAC and Sanctions List
  • Rate Management
  • Workflow Management

Membership Services Benefits:

  • Online Loan Application for Members
  • Online Deposit Application for Members
  • Message Center to facilitate communication and document exchange with members

Marketing and Reaching out to Community Benefits:

  • Private Business Networks
  • COOL Community Network
  • Community Promotions
  • ALFA - Automated Lifecycle Financial Analysis

Educational Benefits:

  • Online training
  • Online user manual

Consulting Benefits:

  • Assistance in identifying the factors for the credit score model
  • Assistance in developing the credit score model including training and validating the model
  • Assistance in reviewing and re-evaluating the model
 

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