Knowledge Solution

The development of Current Expected Credit Loss (CECL) solutions is underway to address the requirements of a new accounting standard set forth by the Financial Accounting Standards Board (FASB). This standard aims to facilitate the rapid calculation of estimated future credit losses throughout the lifespan of various financial instruments such as loans, debt securities, trade receivables, and purchased credit deteriorated (PCD) assets. Previously, financial institutions (FIs) relied on traditional methods that primarily focused on incurred losses, marking loans as impaired only when they were deemed unrecoverable. These losses were then accounted for as expenses within the allowance for loan and lease losses (ALLL). Additionally, the determination of bad debts by FIs was often based on previous year's losses, with the same amount earmarked for potential credit impairment in the subsequent year. However, the updated guidance from FASB mandates a shift towards incorporating pre...

Data governance solutions provide organizations with secure and high-quality measures, fostering a standardized and consistent approach that enables the reuse and automation of data. This technology also aids in the secure and efficient delivery of substantial volumes of data in multiple formats to users. Key Inquiry Points: Is the market for data governance solutions experiencing growth? What are the short-term and long-term growth potentials within the data governance solutions market? How do key market accelerators and restraints impact the global data governance solutions market? Which major industries are primary users of data governance solutions? Which industries present the greatest growth opportunities during the projected period? Which global regions offer the most significant growth potential in the data governance solutions market? Which customer segments exhibit the highest adoption rates of data governance solutions? What are the various deployment choices available for ...