tri novus launches bank stress test solution
TRANSCRIPT
PRESS RELEASEContact: David Brasfield, TriNovus(205) 991-5636 [email protected]
TriNovus Launches Stress Testing Solution For Community Financial Institutions
BankRisk Predicts Loan Portfolio Health Based On Adverse Economic Conditions
Birmingham, Ala., December 2, 2009 – TriNovus (www.trinovus.com), a
company focused on delivering relevant technology solutions to the financial
marketplace, announced today the launch of BankRisk, a comprehensive stress test and
risk management solution that proactively evaluates the effects of adverse economic
conditions on a bank’s comprehensive loan portfolio.
TriNovus developed BankRisk as a tool for banks to utilize partly in response to
the federal banking regulators’ concerns about community banks’ increased participation
in commercial real-estate lending. Stress testing enables a bank to project future portfolio
strengths and weaknesses based on hypothetical conditions that are imposed on the
institution’s loan data. It quantifies the effect of adverse economic conditions and
identifies problem areas for the bank in advance.
“BankRisk from TriNovus is a robust stress testing and risk management tool that
every financial institution should implement,” said Dr. Tim Yeager, an associate finance
professor at the University of Arkansas and the Arkansas Bankers Association Chair.
Yeager, who was also an economist at the Federal Reserve Bank of St. Louis, and whose
research lead him to develop a model for stress testing, consulted with TriNovus on the
development of BankRisk.
Along with predicting the effect of potential adverse economic conditions on the
loan portfolio, BankRisk will apprise banks of inherent risk exposure and allow the
management team to effectively evaluate capital and liquidity needs while satisfying
regulatory requirements.
“BankRisk fulfills a bank’s stress testing needs from start to finish,” said David
Brasfield, chief executive officer of TriNovus. “BankRisk will use the bank's data to
provide an in-depth quarterly analysis of the health of the loan portfolio under various
economic conditions. The graphical reports are easy to interpret and provide the board
and senior management team with the tools that they need to make the best decisions for
the bank going forward,” Brasfield said.
Additional benefits of BankRisk include the ability to detect areas of high-risk
loan concentrations and reduce exposure, make better-informed lending and refinancing
decisions, and prepare more effectively for regulatory scrutiny.
“Today’s economic conditions are not tomorrow’s,” said Yeager. “BankRisk can
help to offset the uncertainty of the future by providing the data needed to be best
prepared.”
About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of
delivering relevant technology solutions to the financial marketplace. In addition to
BankRisk, its products include:
BankerMLS (www.bankermls.com) - a web-based application that enables
financial institutions to obtain maximum exposure and value for repossessed assets.
BankerVMS (www.bankervms.com) - a vendor relationship management system
that provides financial institutions with an organized, efficient and compliant solution for
managing third party relationships.
For more information on TriNovus, visit www.trinovus.com or contact David
Brasfield at 205.991.5636 or [email protected].
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