RiskSpan Partners with S&P Global Market Intelligence to Deploy CECL Credit Models

News provided by

Dec 05, 2018, 10:00 ET

ARLINGTON, Va., Dec. 5, 2018 /PRNewswire/ -- Virginia-based modeling and analytics SaaS vendor RiskSpan announced today that it will be partnering with S&P Global Market Intelligence to expand the capabilities of its commercially-available RS Edge Platform.

RS Edge is a SaaS platform that integrates normalized loan and securities data, predictive models and complex scenario analytics for commercial banks, credit unions, insurance companies, and other financial institutions. The RS Edge Platform solves the hardest data management and analytical problem – affordable off-the-shelf integration of clean data and reliable models.

RiskSpan's CECL module features broad-based methodologies covering all loan types and security types. The integration of S&P Global Market Intelligence's C&I and CRE CECL models, built on 36 years of default and recovery data, adds loan-level, econometric models for these major asset classes from a globally recognized credit ratings institution. These enhancements further equip RiskSpan clients to navigate FASB's impending CECL standard as well as IFRS 9 requirements.

"We're very excited to leverage S&P Global Market Intelligence's CECL credit models and methodologies on our SaaS platform" said RiskSpan CEO Bernadette Kogler. "Coupled with RiskSpan's technology capabilities and risk management expertise, our CECL solution is set up to provide unmatched value to the market."

Bob Durante, Senior Director of Risk Solutions at S&P Global Market Intelligence added, "We are pleased to offer our CECL credit models through partners such as RiskSpan. This partnership brings our best of breed CECL models directly through RiskSpan to a wide array of customers in the commercial banking, community banking, and insurance industries."

To learn more about the CECL module and schedule a demo of the platform, go to: https://riskspan.com/data-modeling-analytics-platform/cecl-estimation-software/

About RiskSpan

RiskSpan simplifies the management of complex data and models in the capital markets, commercial banking, and insurance industries. We transform seemingly unmanageable loan data and securities data into productive business analytics.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we know that not all information is important—some of it is vital. Accurate, deep and insightful. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, understand competitive and industry dynamics, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities globally can gain the intelligence essential to making business and financial decisions with conviction.

S&P Global Market Intelligence a division of S&P Global (NYSE: SPGI), provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/marketintelligence.

For media inquiries please contact [email protected].

SOURCE RiskSpan