Challenge

The International financial reportage standard 9 (IFRS 9) takes result from January 25, 2019, and financial services companies across the world are troubled to satisfy the approaching point. IFRS 9 impacts key business KPIs, and needs organizations to perform knowledge and resource intensive activities. This also calls for close coordination among finance, risk, IT, and business teams. Operational silos, non-availability of historical knowledge and restricted ability have increased complexity of compliance.

Aelius Venture solution

Aelius Venture’ IFRS 9 Compliance Services equip financial establishments with a cost-effective approach to handle specific compliance desires.

Our IFRS 9 services cover the entire compliance program and beyond. we start with a due diligence, conduct impact assessment and gap analysis, and outline roadmap and transition plan to fulfill the gaps. we support the program with analytics and knowledge services, IT solution design and implementation, assurance, and on-going domain and IT support services.

Our IFRS 9 collaterals encompass all aspects of compliance i.e. Classification, measurement, Impairment, Hedge Accounting and Disclosures. They embrace training manuals, assessment frameworks, repository of business scenarios and test cases, spreadsheet-based calculators, architectures, knowledge models and dictionary, method improvement framework and most significantly, our IFRS Engine and ECL resolution.

Benefits

Benefit from Aelius Venture’ deep domain data and international expertise

Optimize resources with resolution assets and accelerators

Leverage existing architecture and systems

Implement a custom resolution and speed up implementation

Realize substan