Algosave state-of-the-art experience-based Financial Technology leverages big data, machine learning and intense cloud computing power in order to save banks significant money – and capital – with regard to the coming huge stakes IFRS 9 & CECL regulations. Also, Algosave deliver banks competitive advantages in their core corporate lending business. Indeed, our clients achieve more competitive loan-pricing and benefit from better diversified and safer credit portfolio. Aiming to become the market reference, Algosave is creating a web-based ECL database which delivers IFRS 9 & CECL compliant Point in Time – and stress-tested – forward-looking Default Probability, Loss Given Default and Expected Credit Loss on corporate borrowers across the globe.

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Tel Aviv/Israel