CECL Bootcamp

Kickstart Your CECL Journey

CECL Model as proposed by FASB aims to shift the focus from incurred loss calculation to expected loss calculation. Financial institutions transitioning to CECL are facing significant challenges to understand, interpret the new requirement, and more importantly, how to best implement the CECL. The impact of transitioning to CECL might require changing credit loss computation methodologies, overhauling data management processes, and in many cases, more refined core systems to capture and store additional data.
Fintellix CECL Bootcamp is an industry first initiative to jump-start your CECL journey. It’s a one-stop solution for collaboration, discussion, and information to help you transition to CECL. You get access to an auditable CECL data mart specific to your institution and a comprehensive set of data quality reports to build your foundation for CECL. Use CECL Bootcamp Discussion forum to share questions, concerns & implementations challenges as well as learn best practices from experts and peers. It also provides exclusive access to a vast repository of resources, including the latest Regulators Webinars or comment papers.

CECL Focused Data Quality

We believe that the first step to an accurate CECL estimation is improving the quality of underlying data. To this end, as part of CECL Bootcamp, a key objective is to assess the health of data on an ongoing basis and provide recommendations for remediation. This is achieved by creating institution specific CECL data mart and delivering data assessment and data quality reports focused on your portfolio.