Experian’s IFRS 9 Credit Loss Insight (ICLI) solution enables you to comply with regulation by utilising economic scenarios alongside credit data to determine a more accurate Expected Credit Loss (ECL) figure.
The benefits at a glance:
Comply with regulation
Save time and money
Regularly updated economic forecasts
Use modelled data
Quick and easy
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With help from Experian’s tracing solutions, we were able to reduce our ‘goneaways’ back book and reunite more of our customers with funds owed to them. This solution helps us work towards our original purpose of helping people take responsibility for their future and achieve a lifetime of financial security. The communication with Experian throughout the project was fantastic and we’re pleased with the results.
Sarah Simpson, Aegon
Functionality that delivers your goals
Experian’s ICLI solution combines insights derived from your customer data (using CAIS) combined with our powerful customer-level bureau scores and robust economic forecasts to calculate ECL. We also use credit data to identify any significant increases in credit risk (SICR) within your portfolio. Knowing this figure will help you make the necessary provisions and mitigate any risks.
Custom Intergration available
IFRS9 Expected Credit Loss
Creating operational and strategic value with your IFRS9 Expected Credit Loss framework