Forecast360 provides banks with advanced credit loss prediction and CECL compliance tools by leveraging public data such as FDIC Call Reports and peer bank information. Its platform combines financial modeling, real‑time analytics, and policy document management to streamline risk management and enable banks to benchmark performance against competitors. Users can deploy the solution in under an hour without complex integrations, gaining precise loss forecasts and actionable insights for strategic decision‑making.
Funding
Funding not disclosed
Founders
Product
Problem
Small to medium-sized banks and credit unions often lack timely, accurate credit loss forecasts and struggle to meet CECL compliance using fragmented data sources and manual processes. This leads to inefficient risk management, regulatory reporting delays, and limited insight into peer performance.
Solution
Forecast360 delivers a cloud‑based platform that leverages publicly available FDIC Call Report data and macroeconomic indicators to generate real‑time credit loss forecasts and CECL calculations. The system provides built‑in financial modeling, peer benchmarking, and a GenAI‑powered document assistant (Pulse) that answers policy and regulatory questions instantly. Deployment requires no integration and can be operational within an hour, allowing banks to streamline compliance reporting and improve the precision of their risk assessments. The platform also includes modules for credit stress testing and advanced peer analytics, giving institutions deeper insight into relative performance and potential vulnerabilities.
Target Audience
Primary customers are small and mid‑size banks and credit unions that need efficient CECL compliance, credit risk forecasting, and competitive performance insights.
Features
- Automated CECL and credit loss forecasting using a comprehensive database of FDIC Call Reports and macroeconomic data
- Real‑time peer benchmarking that compares key metrics against similar institutions
- Pulse GenAI module for instant Q&A on regulatory documents, internal policies, and compliance guidelines
- Built‑in credit stress testing scenarios with customizable economic inputs
- No‑code deployment with a ready‑to‑use interface; no external integrations required
- Secure cloud hosting with encrypted data transmission and role‑based access controls