IFRS 9 National Reporting Platform
Go beyond loan loss reporting to understand and act on your data.
The IFRS 9 National Reporting and Analytics Platform is a scalable solution for Canadian financial institutions (FI) to meet IFRS 9 impairment requirements. Utilizing ISO-audited security and business continuity practices, the platform ensures compliance with IFRS 9 and offers advanced tools to help FIs optimized their loan portfolios and proactively manage expected credit loss.
Run unlimited “what if”
scenarios
Understand the impact of national and local market conditions.
Get in-depth analysis
Learn what’s driving high ECL (expected credit losses) at branch or member level and take action.
Customize your data
Plan solutions that reflect your specific market and loan types.
Lower costs
Pay a single annual subscription fee with no startup or ongoing maintenance costs.
Built-in security
Central 1 uses an externally certified ISO 27001 Information Security Management System.
Continuous Reinvestment
to IFRS 9 model
Model Monitoring model validation and testing of economic variables performed regularly.
Created by credit unions for the credit union system.
Central 1’s platform reduces financial reporting time, provides intelligent tools for scenario modeling, and includes ISO 27001 certified security management without start-up or implementation costs.
Choose a truly scalable loan
loss model.
Ready to get started
Find key resources below to help you get started including a implementation kit
and checklist and best practices insights on the IFRS 9 platform.
Get prepared with our IFRS 9
Implementation Checklist.
Credit unions must begin gathering and preparing their data required for reporting with plenty of lead time prior to submitting the data. Depending on where your data is located and what systems are in place, your credit union may have to contact your banking platform provider, loan origination provider and/or business intelligence team to capture the data required.
Download our checklist to help you with a step-by-step plan to implement IFRS 9.
Download your Implementation
Kit to get started.
It’s easier than ever for credit unions to meet IFRS 9 requirements.
IFRS 9 best practices
Libro Credit Union was one of the first credit unions to sign on with Central 1’s IFRS 9 platform. In these videos, Melinda
Tekare, Sr Manager, Finance from Libro provides valuable insights and best practices for the platform.
Why Libro chose the Central 1
Platform
Data Gathering: Challenges and Best Practices
