Interthinx has announced the release of TrueOutlook, a portfolio forecasting and stress testing tool that enables financial institutions to predict to what extent the quality of underwriting, age of loans, and economic impacts will affect future losses. TrueOutlook allows for the forecasting and stress testing of portfolios against different originations strategies and economic factors to show lenders what percentage of risk is within their control and what is not. With TrueOutlook, small to mid-tier banks and credit unions can leverage world-class technology previously available only to large global financial entities. TrueOutlook uses Dual-time Dynamics, the patented forecasting technology of the Interthinx LookAhead and TrueCapital products, which has proven accurate through more than 15 years of global economic change.
“TrueOutlook makes sophisticated scenario-based forecasting and stress testing available to a much larger group of lenders across the United States,” said Michael Smith, chief technology officer and chief architect at Interthinx. “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. TrueOutlook is designed to meet the needs of organizations with limited internal resources and staffing. The tool enables customers to benefit from industry benchmarking and more accurate forecasting models that stress-test portfolios under different economic scenarios in line with regulatory guidance from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).”