In a context of high interest rate volatility and economic uncertainty, Empyrean has established itself as a leading provider of solutions for financial institution stability. With the launch of Model IQ, the company will enable banks to transform raw data into unparalleled accuracy in forecasting deposits and loan repayments. "The launch of Model IQ is a game changer for our customers, offering them unprecedented accuracy and agility in their balance sheet management, " explains Chris Maclin, CEO of Empyrean.
This next-generation tool does more than just analyze past data; it decodes customer intentions and reactions in light of current economic events, so that the bank knows exactly how much money it will actually have available tomorrow and can adapt accordingly.
This solution comes in three integrated modules for a 360-degree understanding. The first, Deposit IQ, carefully analyzes deposit fluctuations to distinguish real fund growth from simple internal transfers between accounts. The second, Loan IQ, models early loan repayments by segment, offering total flexibility for analyzing various scenarios. Finally, Credit IQ uses the institution's history or sector data to model credit losses and recovery rates, ensuring a clear view of the institution's financial health.
This innovation provides finance departments of all sizes with a clear view of their liquidity and risk exposure, drastically reducing the time spent on manual data preparation.
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