Comply with CECL standards using TransUnion & EXL’s tool
The TransUnion CECL Credit Loss CalculatorSM with EXL is a secure, easy-to-use web-based solution. No integration with the core platform is required, eliminating the hassle of changing existing technology and analytical infrastructure.
Easy data ingestion
The TransUnion CECL Credit Loss CalculatorSM with EXL works on your own data either imported from TransUnion or uploaded directly by users. Customer-reported data from TransUnion saves you trouble of collecting your own data and fitting it into rigid data templates.
Variants of Loss Forecasting Models
Our data scientists have devised multiple statistical modeling approaches that suit CECL requirements depending upon portfolio size, data limitation, loss rates (e.g. simpler framework for smaller / run-off portfolios). There is no “one-size-fits-all” approach; EXL helps you to analyze multiple methodologies to find optimal solution.
Under CECL guidelines, Q - factors adjustment are a big challenge. We provide a structured approach to quantify the qualitative factors for consistency and objectivity depending upon various scenario analysis, historical estimate deviation, and other elements.
Our focus on analytics builds a deep understanding of the context in which you do business.
CECL for credit card issuers
CECL Considerations for Credit Cards