PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636 david.brasfield@trinovus.com
TriNovus Launches Stress Testing Solution For Community Financial Institutions
BankRisk Predicts Loan Portfolio Health Based On Adverse Economic Conditions
Birmingham, Ala., December 1, 2009 – TriNovus (http://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 (http://www.bankermls.com/) - a web-based application that enables financial institutions to obtain maximum exposure and value for repossessed assets.
BankerVMS (http://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 http://www.trinovus.com/ or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.
###
Contact: David Brasfield, TriNovus
(205) 991-5636 david.brasfield@trinovus.com
TriNovus Launches Stress Testing Solution For Community Financial Institutions
BankRisk Predicts Loan Portfolio Health Based On Adverse Economic Conditions
Birmingham, Ala., December 1, 2009 – TriNovus (http://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 (http://www.bankermls.com/) - a web-based application that enables financial institutions to obtain maximum exposure and value for repossessed assets.
BankerVMS (http://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 http://www.trinovus.com/ or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.
###
