Stress testing is not just for big banks: Interthinx
Risk valuation firm Interthinx launched analytics tool TrueOutlook this week, giving small credit unions and banks access to their own stress testing and valuation tools.
Through TrueOutlook, financial firms can forecast the impact mortgage underwriting and loan age will have on potential and future losses.
The tool opens up stress testing and scenario-based risk forecasting to a wider pool of clients—namely smaller banks and lenders.
"It's a comprehensive, cost-effective service that can be used for all U.S. consumer retail portfolios, such as auto loans, credit cards, home equity loans, and personal or small business loans," said Michael Smith, chief technology officer and chief architect at Interthinx.
Banks using the tool can quickly forecast potential losses based on loan data while also stress testing lenders under different economic scenarios.
Interthinx is a direct subsidiary of Verisk Analytics (VRSK).