by Dessa Glasser | Nov 5, 2018 | Data
“Data! Data! Data! I can’t make bricks without clay.” — Sherlock Holmes, in Arthur Conan Doyle’s The Adventure of the Copper Beeches You should by now have a solid understanding of the growth of and history of data, data challenges and how to...
by Dr. Jimmie Lenz | Oct 25, 2018 | CECL
Accounting and regulatory changes often require resources and efforts above and beyond “business as usual”, especially those like CECL that are significant departures from previous methods. The efforts needed can be as complex as those for a completely new technology...
by Dessa Glasser | Oct 1, 2018 | Data
Let’s start with a succinct summary of the benefits of DaaS. Data as a Service (DaaS) is one way to consistently deliver and effectively manage data from multiple sources across the firm, both internal and external. It can be used as one “logical” and centralized,...
by Dessa Glasser | Sep 10, 2018 | Data
As mentioned previously, Data as a Service (DaaS) can be used to provide a single source of authoritative (or golden) data for use in a firm’s critical applications, particularly when data is needed from multiple sources or it is ‘siloed’ in the organization. DaaS...
by Dessa Glasser | Aug 6, 2018 | Data
Data as a Service (DaaS) can be used to provide a single source of authoritative (or golden) data for use in a firm’s critical applications. Here, a logical layer of the data (often in-memory for quick access) can serve up data that has been verified, defined, and...
by Dessa Glasser | Jul 2, 2018 | Data
Does your company suffer the challenges from data silos? Dessa Glasser, Principal with the Financial Risk Group, who assists Virtual Clarity on data solutions as an Associate, discusses the challenges of data management in our second post for our blog series. In our...
by Dr. Jimmie Lenz | Jun 27, 2018 | CECL
The ramifications of CECL on Financial Institutions has in large part focused on Banks, but as we addressed in a recent paper, “Current Expected Credit Loss: Why the Expectations Are Different,” this new accounting treatment extends to a much larger universe. An...
by Dessa Glasser | May 30, 2018 | Data
Data is big. Big news. Big importance. How big, you ask? Consider that all the information we have as the human race has been growing since the beginning of time. At the same time, we are enacting more processes every day that add to this growing data, whether on a...
by Philip Lawton | Nov 2, 2017 | Private Capital Forecasting
Early in his career, one of us was responsible for cash flow forecasting and liquidity management at a large multiline insurance company. We gathered extensive historical data on daily concentration bank deposits, withdrawals, and balances and developed an elementary...
by Philip Lawton | Oct 12, 2017 | Regulations
Determining whether an unimpaired asset’s credit risk has meaningfully increased since the asset was initially recognized is one of the most consequential issues banks encounter in complying with IFRS 9. Recall the stakes: The expected credit loss for Stage 1 assets...
