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  • FOR IMMEDIATE RELEASE (2020-01-11)

    Minnesota Credit Union Network and
    Deep Future Analytics
    Announce Their Partnership

    FOR IMMEDIATE RELEASE: 11 January 2020

    Minnesota Credit Union Network and Deep Future Analytics Announce Their Partnership

    11 January 2020

    St. Paul, MN (January 11, 2020) – Minnesota Credit Union Network (MnCUN) and Deep Future Analytics (DFA) announced their partnership today. MnCUN will make available DFA’s Prescient Manager™ software to its membership. Prescient Manager™ is an easy-to-use, web-based credit risk forecasting and stress testing solution for credit unions and community banks. The software’s functionality includes:
    • Accurate, scenario-based, account-level FAS 5 ALLL and CECL forecasts including discounted cash flow functionality.
    • New loan pricing optimization leveraging the same cash flow model as for CECL.
    • Scenario-based loan valuations for purchases and sales of loan participations.

    Joseph Breeden, founder and CEO of Deep Future Analytics said, “We are excited to be partnering with MnCUN. We share a common vision that our accurate, scenario-based, account level cash flow models can create value across many functions in the FI. These solutions are integrated and coordinated in a way that a collection of independent models cannot be. MnCUN will be a great partner for bringing this capability to Minnesota credit unions.”

    “Deep Future Analytics will help best position Minnesota credit unions to manage and anticipate risk. The all-in-one software calculates the necessary lifetime loss forecasts for CECL, but also provides accurate and actionable information for portfolio management, account management, and loan pricing,” said John Ferstl, Chief Operations Officer for MnCUN.

    ABOUT DEEP FUTURE ANALYTICS
    Deep Future Analytics is a joint operational venture of Prescient Models, LLC and Nuvision CUSO Holdings, LLC, a CUSO operated by Nuvision FCU. Dr. Joe Breeden, founder of Prescient Models, brings more than 20 years of experience leading financial institutions through predictive financial modeling, allowing clients to achieve a real understanding of portfolio dynamics for retail lending. Nuvision FCU was founded nearly a century ago as the credit union of Douglas Aircraft, its values were forged in the factories and plants that made the region prosper. Now with assets well-over $2B, Nuvision is a multi-state Credit Union, with branches in Southern California, Arizona, Wyoming, Alaska and Washington.


    About the Minnesota Credit Union Network

    The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth and vitality of Minnesota credit unions. With approximately $25 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve more than 1.8 million members at nearly 400 branch locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit www.mncun.org.

    ###

    Media Contact:
    Charles Hoy, Director of Business Development
    Deep Future Analytics LLC
    choy@prescientmodels.com
    (505) 690-7195

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Best in Class Solution

As a result of new CECL regulations, Community Banks and Credit Unions are or will be spending a great deal of money on underpowered, check-the-boxes, bare minimum technology to pass a review. These basic solutions offered by CECL providers do not capture the true dynamics of the portfolios, and therefore won't provide any real business value. You shouldn't have pay for regulatory compliance but rather your investment should go towards improving your business.

At DFA, our best-in-class solution provides the necessary lifetime loss forecasts for CECL, but also gives you accurate and actionable information for portfolio management, account management, and loan pricing. All of this is wrapped up in an easy-to-use browser-based tool that lets you update your forecasts at will.

We understand you want to get accurate and actionable allowances so we start by doing loss forecasting right. Monthly account-level estimates of balances, attrition / pay-down, and charge-offs that incorporate underwriting criteria, loss timing, mean-reverting scenarios for the environment, and adjustments for adverse selection.

Consider Our Core Capabilities and how we stack up against other providers.

OUR CORE CAPABILITIES

HOW WE COMPARE

ACCURACY

100%

ACTIONABLE

90%

EASE OF USE

60%

USES BEYOND CECL

100%

Demo Our All-in-One Advanced Loan Forecasting Software Today!

  • Experience the Power of the Software by Clicking to Expand and Learn more about some of the software's key features.

    All-In-One Software

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    Software Screenshot

    All-In-One Software

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    The Deep Future Analytics software was designed to accommodate ALL of your loan modeling needs. It was developed well before any CECL rules were even discussed. And while it is fully CECL compliant, the application of the tool will improve your loan operations in any number of ways, including:

    CECL / Risk Forecast
    Price Optimization
    Priority Ranking of Collections Loans
    Valuation of New Loans
    Economic Scenario Driven Stress Tests

    Best In Class Accuracy

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    Software Screenshot

    Best In Class Accuracy

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    When it comes to accuracy, you need a model designed by Researchers, not programmers. You also need relevant history, which most of us do not have nearly enough of.

    Deep Future's software was designed by an industry leading credit risk research team of 9 Phd's who have written countless books and publications on Loan Modeling. We are the Vanguard in loan modeling in the US and across the globe and had even invented Vintage Modeling which FASB openly stated is the overall best CECL methodology.

    We work with numerous financial institutions and have accumulated a 30+ Million Account data pool to assist you with your forecasts when your data doesn't allow for statistically sound sample sizes.

    Fully Customizable

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    Fully Customizable

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    Having the ability to Segment your data is vital in performing a solid Analysis. We make it very simple for the end user to pick and choose products, periods, methodologies and more.

    We start with your loan account level data and work our way up. As you examine all the individual pieces you can best understand the drivers of past performance and build a better future.

    Multiple CECL Choices

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    Software Screenshot

    Multiple CECL Choices

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    Using our shared data pool along with your account level data, you'll be able to take advantage of the most advanced vintage modeling tool that exists. The end result is an accurate and reliable ALLL estimation that you can trust when budgeting, pricing, and more.

    However, we understand you may still want to compare your results to other methodologies and we therefore offer a number of different methodologies for you to experiment with.

    Economic Stress Scenarios

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    Economic Stress Scenarios

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    All models must be validated before being deployed. Test your performance through good times and bad. Determine how well your institution will fair, given the next recession.

    Use the Deep Future software to stress test your portfolio against previous economic measures, various pricing scenarios, and numerous other variables you wish to ask.

    Stress Tests are Scenario driven, and deliver all of the loan level and portfolio outputs given extreme economic scenarios.

    Actionable Reporting

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    Software Screenshot

    Actionable Reporting

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    Deep Future's first loan modeling software tool was built well before CECL was first mentioned. The purpose for the models then, and all through to today is to improve earnings while reducing risk.

    • Collections Watchlist – Ranks your loans from most likely to default to least, better informing your collections staff on which accounts require the most immediate attention.
    • LOC Opportunities! – Ranks credit card accounts from least likely to default to most, helping your marketing department or call center to determine which members are the best candidates for an offer of a line of credit increase.
    • Payoff Predictor – Knowing the probability of attrition for the months ahead allows your marketing department to focus their attention on those auto loans most likely to pay off early.
    • Pricing and Risk Matrix Heat Maps – allow you to price for profitability, with a quantified, granular view of the risk for new originations.

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