Sageworks has launched a new tool to provide financial institutions with better risk analysis and decision-making.
Sageworks Insights will enable institutions to make informed decisions by organizing and presenting more data for analysis and modelling.
With the new tool, financial institutions can project their income statement and balance sheet data under a number of scenarios for purposes of budgeting, financial planning, stress testing, and fair value estimation.
Sageworks Insights also offers an acquisition component that allows users to run ‘what-if’ simulations leveraging a Discounted Cash Flow, or DCF-based valuation tool, combining their own portfolio with that of another institution.
By using publicly available FFIEC data along with Sageworks loan database, the company said solution will provide full income statement and balance sheet projections for the proposed combined institution.
Larger financial institutions that must comply with the Dodd-Frank Act Stress Test (DFAST) requirements can also easily apply DFAST scenarios and estimate the impact on capital ratios and financial statements. Institutions that are not subject to DFAST requirements can implement stress testing best-practices for liquidity and credit risk management.
Jay Blandford, president of Sageworks, says: “We know that institutions pursuing cutting-edge solutions like those in our portfolio are already poised for future growth. We’re excited to be offering Sageworks Insights to help leaders at these institutions better predict and amplify that growth as they’re armed with increased understanding and analysis.
“Users of Sageworks Insights will also be granted access to Peer Analysis (formerly Bank Information) in their subscription. The data from Peer Analysis adds to the value of the simulator by bringing in more data points for further accuracy and reliability.”
Sageworks Insights is the newest addition to the Portfolio Analytics suite, joining the company’s Stress Testing and Allowance for Loan and Lease Losses (ALLL) solutions. The Sageworks Loan Automation tool to help financial institutions increase the speed and ease of their lending processes.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
