How long does it take to Install ECM
It takes 3 to 4 weeks to format and download all relevant Bank Data to run ECM
What Reports does ECM Provide Monthly?
ECM refreshes the Portfolio and all Sub Portfolio Loss Forecasts and Provision calculations monthly, It refreshes and reports risk coefficients for all characteristics to track and measure Performance Management, also individual loan loss forecasts to assist and drive collections. ECM also identifies all risk ‘hotspots’ to prevent Fraud
How does ECM calculate Loss forecasts for the Non-Delinquent Portfolio
ECM has developed (and patented) the Risk Curve to establish and track risk in the Up-To –Date portfolio
What Loan Types does ECM Handle?
ECM majors in analysing all types of Instalment lending, e.g., Finance Leases, HP and Consumer Credit, including Bank Overdrafts. Mortgages and Credit Cards are currently being added
Is ECM compliant for Basel 11, IFRS and other Regulatory Reporting
Yes. ECM provides all the regulatory reports for current users and results have been ‘back-tested’ and confirmed by Bank auditors
In what Language is ECM written?
A ECM is written in Java, A version in Oracle is currently in development for the French market. The version now in development is also web-enabled
What does ECM cost?
Current Bank users of ECM pay an annual license. The options of outright purchase or a license arrangement are offered. The cost of ECM is influenced by the number and size of portfolios, also the number of users who access it monthly. ECM is designed to be scalable and to be especially competitively priced for the ‘Tier 2 Banks. |
