We are a consulting and software company
Who we are
Credit Expo is a consulting and software company, specialising in the measurement and management of retail credit risk, both for all aspects of risk management and for compliance reporting – IASB (Europe) and FASB (USA). Our main service, a methodology and software product is Empirical Credit Risk Management (ECM)
The effective yield calculator (EYC) analytics was later developed for a leading bank user of ECM analytics and was used to manage and report on that banks major loan portfolio
The currency manager was developed and patented by Dr Shallow for use by major corporates in the course of Finalysis consulting
Empirical Credit Risk Management
Origin of Empirical Credit Risk Management (ECM). As newly appointed CEO of the retail lender Chartered Trust Ireland, Patrick Shallow, identified the unsound nature of the former Basel l and Basel ll regulatory rules for reporting credit risk and, using regression analytics, he designed; developed and patented an evidence – based alternative – Empirical Credit Risk Management. The initial software product was then installed and trialed in three leading banks over the years 2002 – 2011, being approved by bank auditors and by the Regulator. In 2011, the cloud based version was developed and installed in 9 leading credit unions, again with regulatory approval, replacing the former ‘Resolution 49’ risk reporting convention. ECM Analytics has been progressively developed since then, with the methodology also being reviewed and approved by certain Greek banks. Partnering for deployment of the ECM software in the USA is under discussion.
Status of ECM Analytics
ECM Analytics is a dynamic, patented, cloud – based expert system designed to measure credit risk across the full range of retail lending instruments, Hire Purchase, Consumer Finance, Mortgages and asset types, with core algorithms drawing on the alternative principles of Banking, Mathematics, Economics and Actuarial Science. ECM loss forecasts have been extensively back tested over time and validated against actual results.
ECM – An End to End Credit Risk Solution
ECM is a mathematically precise expert system which delivers accuracy for all business functions viz. New Business Acceptance, Risk Pricing, Performance and Collections Management, Compliance Reporting and Portfolio Evaluation, while also reporting trends in credit risk over time.
ECM Deliverables
Corporate Resources
Dr Patrick Shallow
Is the CEO of Credit Expo and the designer of the patented software ECM for which, in 2013, he received a PhD from the Smurfit Business School of University College Dublin.
Development Resources include:
- Product development and management – Sidero Computers
- Marketing Strategist
- Java & Oracle Development – Enterprise Software
- Actuary – Consulting Actuary, Rory Gannon
- Statistician – Eamonn O’Leary
- Banker and Economist – Patrick Shallow
Complimentary Consultation
We would be delighted to undertake a complimentary consultation to show you our approach and identify where we can be of assistance o your organisation in reducing credit risk.
