IFRS9 and IFRS 9 – Frequently Asked Questions

Everything you need to know about IFRS9 and IFRS 9 software, compliance, and automation.

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FineIT provides IFRS 9 Solutions

📌 IFRS 9 Software – Frequently Asked Questions (FAQs)

IFRS 9 is an international accounting standard that governs the classification, measurement, and impairment of financial instruments. Financial institutions need reliable software to automate Expected Credit Loss (ECL) calculations, Effective Interest Rate (EIR) computations, and ensure full compliance with regulatory reporting requirements. For the latest regulatory updates, see IFRS9 Regulatory Updates.
Yes. Our IFRS 9 software is fully customizable to align with local regulatory frameworks, including those of UAE, Saudi Arabia, Pakistan, Nepal, Africa, and many other regions. We work closely with your finance and compliance teams to ensure the software meets all jurisdictional requirements, whether for SBP (Pakistan), NRB (Nepal), SAMA (Saudi Arabia), UAE Central Bank, African central banks, or other audit-specific guidelines.
Absolutely. Our software offers seamless integration with all major core banking systems, loan management systems, and ERPs. Whether you're using Oracle, Temenos, Finacle, SAP, or a custom-built platform, we provide API and file-based integration options.
Yes, we offer both:
  • Cloud-based deployment (secure and scalable)
  • On-premise/in-house installation for clients with strict data residency policies or internal IT preferences
Yes. Our solution is designed for easy Excel-based data input. You can upload loan-level data, PD/LGD assumptions, or custom scenarios using pre-defined Excel templates — no complex database or technical skills required.
Yes. Our EIR module supports calculation of effective interest rates, amortized cost, and below-market-rate loans. It's ideal for both initial loan recognition and ongoing measurement under IFRS 9.
We provide full audit support, including:
  • Detailed calculation logs
  • Version tracking
  • User activity logs
  • Exportable audit-ready reports
  • Built-in documentation for ECL and EIR methodology
Auditors can easily trace each step from input to output. Learn more on our IFRS 9 product page.
Our clients include:
  • Commercial banks
  • Microfinance institutions
  • Development finance institutions
  • Investment firms
  • Leasing and NBFCs
We support both large organizations and smaller institutions transitioning from Excel to system-based IFRS 9 compliance.
Implementation time depends on your data readiness and customization needs, but typically:
  • Standard deployment: 2–4 weeks
  • Customized integration: 4–6 weeks
Our team works closely with yours to ensure a smooth and timely rollout.
Yes. We offer:
  • End-user and admin training (online or in-person)
  • User manuals and video guides
  • Post-implementation support via email, WhatsApp, or Zoom
  • SLA-based annual support and maintenance plans
Yes. Whether you manage a few thousand loans or a million, our software is designed to scale with your operations, including performance tuning and large-volume batch processing.
We follow industry best practices for data security and privacy, including encryption, access controls, regular security audits, and compliance with local data protection laws. Our cloud and on-premise solutions are both designed for maximum security and confidentiality.
FineIT provides regular software updates to address regulatory changes, new features, and security enhancements. Clients receive timely notifications and support for all major updates, ensuring ongoing compliance and optimal performance.
Yes. Our IFRS 9 solution supports multi-currency and multi-language environments, making it ideal for international banks and financial groups operating across borders.
The software provides regulatory reports (as per local central bank requirements), management dashboards, and export options in Excel, PDF, and CSV formats. Custom report templates can also be developed as needed.
Yes. The solution includes automated staging assessment and SICR logic, allowing you to track exposures across Stage 1, Stage 2, and Stage 3, with full audit trails and override options.
Absolutely. Our IFRS 9 software is suitable for non-banking financial institutions (NBFIs), fintechs, leasing companies, and investment firms—not just traditional banks.
We offer comprehensive technical support with SLA-based response times, dedicated account managers, and multiple support channels (email, WhatsApp, Zoom). Annual maintenance contracts are available for ongoing peace of mind.

Learn more about our IFRS 9 compliance software and ECL Software demo for expected credit loss automation.