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The Minnesota Credit Union Network (MnCUN) and Deep Future Analytics (DFA) are partnering to make available DFA’s Prescient Manager™ software to its members. Prescient Manager™ is an easy-to-use, web-based credit risk forecasting and stress testing solution for credit unions and community banks. The software’s functionality includes: - Accurate, scenario-based, account-level FAS 5 ALLL and CECL forecasts including discounted cash flow functionality. -New loan pricing optimization leveraging the same cash flow model as for CECL. -Scenario-based loan valuations for purchases and sales of loan participations. Joseph Breeden, founder and CEO of Deep Future Analytics said, “We are excited to be partnering with MnCUN. We share a common vision that our accurate, scenario-based, account level cash flow models can create value across many functions in the FI. These solutions are integrated and coordinated in a way that a collection of independent models cannot be.” “Deep Future Analytics will help best position Minnesota credit unions to manage and anticipate risk. The all-in-one software calculates the necessary lifetime loss forecasts for CECL, but also provides accurate and actionable information for portfolio management, account management, and loan pricing,” said John Ferstl, Chief Operations Officer for MnCUN. For more information about Deep Future Analytics products, contact Charles Hoy, Director of Business Development for Prescient Models by email.
The Minnesota Credit Union Network (MnCUN) and Deep Future Analytics (DFA) are partnering to make available DFA’s Prescient Manager™ software to its members. Prescient Manager™ is an easy-to-use, web-based credit risk forecasting and stress testing solution for credit unions and community banks. The software’s functionality includes: - Accurate, scenario-based, account-level FAS 5 ALLL and CECL forecasts including discounted cash flow functionality. -New loan pricing optimization leveraging the same cash flow model as for CECL.
-Scenario-based loan valuations for purchases and sales of loan participations. Joseph Breeden, founder and CEO of Deep Future Analytics said, “We are excited to be partnering with MnCUN. We share a common vision that our accurate, scenario-based, account level cash flow models can create value across many functions in the FI. These solutions are integrated and coordinated in a way that a collection of independent models cannot be.”
“Deep Future Analytics will help best position Minnesota credit unions to manage and anticipate risk. The all-in-one software calculates the necessary lifetime loss forecasts for CECL, but also provides accurate and actionable information for portfolio management, account management, and loan pricing,” said John Ferstl, Chief Operations Officer for MnCUN.
For more information about Deep Future Analytics products, contact Charles Hoy, Director of Business Development for Prescient Models by email.