When it comes to meeting CECL regulations, what do a $400M bank, a $7B credit union and a service bureau all have in common? All are moving forward with ZM Financial Systems’ CECL solutions to meet the forthcoming regulatory demands.
FirstBank, headquartered in Nashville, Tenn., is the newest institution to move to ZMFS. With $5.7B in assets, FirstBank has 56 branches serving Tennessee, Alabama and Georgia.
ZM Financial Systems (ZMFS) welcomes J. Michael Smith, CPA, Vice President, Sales. In this role, Michael will be responsible for developing relationships and demonstrating ZMFS’ defendable analytics to our future financial institution partners within the Midwestern and Southern part of the U.S.
In the financial world, we all know the end is nigh for LIBOR. Whether the Overnight Indexed Swap (OIS) or Secured Overnight Financing Rate (SOFR) are the replacements, financial analysts will need a model with the methodology to handle the term structure rates that will ultimately replace LIBOR. ZM Financial Systems’ (ZMFS) Quantitative Research team’s SABR_LMM Term Structure Model fulfills that need.
ZMFS is pleased to announce that clients now have the ability to upload MountainView Financial Solutions decay studies and betas into ZMFS’ balance sheet management platforms: ZMdesk and OnlineALM. By offering this ability to its clients, ZM Financial helps reduce the time its clients spend sourcing supplemental loan and deposit data and provides them with opportunity to enhance model and deposit analysis and precision.
Star One Credit Union is the most recent institution to choose our flagship solution, ZMdesk, for their investment and pre-trade analytics. Based in Sunnyvale, CA, Star One is a member-owned financial institution, with assets totaling more than $8 billion.
CIO Outlook magazine recently named ZM Financial Systems as one of its Top 10 Portfolio Analytics Solutions Providers for 2018. "Over the years, ZM Financial Systems has become the go-to partner for more than 2,000 depository institutions, and for the broker-dealer community."
#ExploreZMFS on FMStv to learn more about the importance of a CECL implementation roadmap. As CECL is transforming accounting standards that will impact numerous areas an institution's operations, it is important to bring components together now. Learn more...
Join us at the 6th Annual Stress Testing USA Congress in New York City on 6-7 November. Our very own Guo Chen, PhD, Director, Quantitative Research will be speaking at the event covering the topic of Loan Default Analysis: A CECL case study and beyond. Save an extra 20% on the price using our discount code: STUSAZMFS
ZM Financial Systems (ZMFS) welcomes two new employees to help manage our quickly-growing client base and their needs. Michael (Mike) Lau joins the company’s as our new Product Manager, Budgeting. Also joining the team is Phillip Reschke as our Client Experience Manager. #ExploreZMFS to learn more about them and our company