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What is Estimator 9?

Estimator 9, created by FineIT Private Limited, is an advanced automation platform specifically designed for the management of IFRS 9 Expected Credit Loss (ECL) calculations, catering primarily to international financial institutions. This pioneering solution delivers audit-ready risk assessments through a thorough and automated, model-driven approach. The platform enables complete ECL calculations by integrating essential risk parameters such as Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD), while also factoring in relevant discounting elements. It utilizes a three-tier classification framework paired with automated identification of Significant Increases in Credit Risk (SICR). In addition, it incorporates macroeconomic scenario modeling and proactive adjustments, ensuring adherence to IFRS 9 regulations. With a presence in over 56 institutions in more than 40 countries, Estimator 9 integrates effortlessly with critical banking systems and general ledgers. Furthermore, it provides automated disclosures, stress testing, and validation tools aligned with GPPC guidelines, thereby enhancing the precision and trustworthiness of the data. Recognized by Big 4 audit firms, the platform ensures rapid, clear, and reliable ECL reporting, establishing itself as an essential tool for financial organizations. Its comprehensive features position Estimator 9 as a leader in the domain of ECL management, empowering institutions to navigate regulatory complexities with confidence.

What is Elucidate?

Elucidate is a firm dedicated to financial crime risk management, offering financial institutions the ability to assess and assign monetary values to financial crime risks through the Elucidate FinCrime Index (EFI), an automated system developed in partnership with leading global correspondent banks. This cutting-edge platform streamlines the scoring, management, and effective pricing of financial crime risk. Utilizing blockchain technology, our solution is customized to fulfill the unique needs of users, helping them navigate unforeseen challenges while closely monitoring the financial crime risk associated with their partners. Empower your Compliance teams with our automated, data-driven strategies, ensuring that you can effectively manage and oversee financial crime risks in correspondent banking. By leveraging benchmarked risk profiles from over 18,000 financial institutions, your organization can confidently grow its business while reducing due diligence costs through automation. Our platform facilitates a smooth shift from volume-based to risk-based payment pricing, allowing you to detect and respond to financial crime risks instantly, fostering a secure and compliant financial landscape. As a result, organizations can not only safeguard themselves but also secure a competitive edge by actively managing their risk exposure in an ever-evolving financial environment. Continuous innovation in our approach further enhances the ability to adapt to new challenges and opportunities in risk management.

Media

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Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Rs 10000
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

FineIT Private Limited

Date Founded

2001

Company Location

Pakistan

Company Website

fineit.io

Company Facts

Organization Name

Elucidate

Date Founded

2018

Company Location

Germany

Company Website

www.elucidate.co

Categories and Features

Financial Risk Management

Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation

Categories and Features

Financial Risk Management

Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

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