Although CECL adoption is well underway for many financial institutions, the continued market volatility has heightened the need for:
- An intuitive and controlled process
- A transparent and fully validated macroeconomic model to calculate the allowance
- Enhanced reporting capabilities to allow management to understand the allowance
In an interview featuring SS&C’s SVP and General Manager, Michael Therrien, Michael reviews these needs and how they can be addressed with the help of an intuitive platform like SS&C EVOLV.