PADUCAH, Ky., Nov. 19, 2014 — With banks facing increased scrutiny from examiners to maintain resilient loan portfolios, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has partnered with Ardmore Banking Advisors to deliver an enhanced credit management solution to its core banking customers. Through myCreditQualityAssurance (myCQA), CSI NuPoint® customers have access to a risk management package that offers a full suite of outsourced services, including stress testing, concentration management and external loan reviews.
“Regardless of asset size, every bank must pay strict attention to ensuring a healthy, well-balanced loan portfolio,” said Brent McKown, product manager for CSI. “By partnering with Ardmore Banking Advisors on myCQA, we are streamlining several processes for our core banking customers, allowing them to implement and demonstrate industry best practices to their board of directors, investors and regulators.”
By utilizing myCQA, banks can more easily satisfy regulatory requirements for credit risk control, allowing them to focus on portfolio health and growth strategies. All services available through myCQA are customized to each bank’s portfolio risk management objectives; they also are delivered by Ardmore’s credit risk consulting experts, a team of former banking executives and regulators. Specifically, the solution includes:
- Outsourced loan review on imaged material credits
- Credit portfolio management analysis and reporting
- Credit portfolio stress testing
“Ardmore is very pleased to be working with CSI and their customers to enhance credit risk management practices,” said Peter Cherpack, senior vice president and director for Ardmore Banking Advisors. “Through myCQA, CSI core banking customers gain access to an effective technology solution that works in concert with consultants who have extensive banking credit experience in all lending products.”
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core processing, managed services, mobile and Internet solutions, payments processing, print and electronic distribution, and regulatory compliance solutions to financial institutions and corporate customers across the nation. Exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation and have resulted in the company’s inclusion in such top industry-wide rankings as the FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 501 Global Managed Service Providers List. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
About Ardmore Advisors Inc.
Ardmore Banking Advisors is a financial institutions market leader in risk management consulting, recognized for its expertise in loan review, risk consulting, and credit technology that delivers value-added results to our community bank clients. Since its inception in 1991, Ardmore has provided risk management consulting services to hundreds of banks nationwide, and built an unparalleled reputation for integrity and expertise with both clients and regulators. Ardmore’s team of successful former senior banking officers and regulators ensure that our clients receive the highest quality consulting from professionals who have been in their shoes and shared their experiences.