Finevare

Solutions

Finevare

From IFRS Compliance to Credit Risk Analytics

Finevare is a platform for risk assets IFRS 9 compliance in financial institutions developed by Deloitte Central Europe and backed by Deloitte worldwide.

Experience built on multiple implementation projects dealing with financial instruments accounting under IFRS is embedded in the software and makes it robust, flexible and transparent for the end users. Finevare is designed to be part of enterprise IT operational architecture, that could fit both large scale financial transformation projects as well as focused IFRS 9 implementations

Experience

Over a decade on the Global market

Network

Local support of Deloitte professionals

Expertise

IFRS best practice, knowledge and know-how

Accountability

Acknowledged and used by more than 100 entities in 40 countries

End-to-end IFRS 9 comprehensive solution

Finevare Enterprise is a comprehensive solution covering IFRS 9 calculations, simulations, and reporting support for enterprises. Internal process flow and segregation of duties are supported for different employee levels and functions. All calculations performed in Finevare enterprise are available retrospectively for any past calculation date since the installation of the system.

Classification of debt assets

  • Accounting model (SPPI test)
  • Stage identification (I, II, III, POCI)
  • Risk group segmentation

Measurement of debt assets

  • Effective interest rate calculation
  • Amortisation of fees and costs
  • Derecognition of assets

Expected Credit Loss for portfolios

  • Identification of risk parameters
  • Application of external risk parameters
  • Computation of ECL
  • Stress testing and simulations

Expected Credit Loss for corporates

  • Multiple scenarios with various probabilities
  • Discounting of repayment cash flows and other proceeds
  • Collateral data storage and management

Rapid IFRS 9 calculation engine

Finevare fLite is an out-of-the-box solution allowing for an implementation within a relatively short timeframe. The architecture is easy to deploy to the Bank IT system as the application is accessible via web browser. Configuration and administration of the solution is simple thanks to user-friendly and intuitive interface and navigation. Aggregated and case-by-case results can be visualized in a flexible and interactive manner.

Classification of debt assets

  • Accounting model (SPPI test)
  • Stage identification (I, II, III, POCI)
  • Risk group segmentation

Measurement of debt assets

  • Effective interest rate calculation
  • Amortisation of fees and costs
  • Derecognition of assets

Expected Credit Loss for portfolios

  • Identification of risk parameters
  • Application of external risk parameters
  • Computation of ECL
  • Stress testing and simulations

Expected Credit Loss for corporates

  • Multiple scenarios with various probabilities
  • Discounting of repayment cash flows and other proceeds
  • Collateral data storage and management

fLite

Get in touch

Please feel free to contact us in case of any questions about Finevare or if you would like to schedule a demo.

finevare@deloittece.com

Romuald Paprzycki

Romuald Paprzycki

Partner

Romuald Paprzycki is a Partner, Head of Global Clients Operations in Finevare team, Deloitte Advisory, Poland, Warsaw. He is an experienced professional in delivery and development of risk management ... More

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