FIND BALANCE.

MASTER ALM ZEN.

Your job is to keep everything in check and manage mountains of information from every facet of your business. Your Farin ALM Guru will help you master the art of Foresight, our robust ALM modeling solution, will enhance your strategic planning capabilities and help you prepare for the unexpected and pass exams with ease.

FARIN FORESIGHTTM OR FARIN INSIGHTTM

We have an ALM solution that’s right for your organization.

Foresight — Our powerful in-house ALM model.

Insight — Safe and secure outsourced ALM solution provided by Farin.

ASSET/ LIABILITY MANAGEMENT TOOLS
WITH THE POWER TO DRIVE DECISIONS.

Foresight, our ALM model, is a robust and flexible solution with multiple model access options, including Institution-Managed, Farin-Managed (outsourced), or any combination of the two. It is specifically designed to fit your institution’s particular needs. The model is designed for institutions that aspire to use their ALM solution for strategic planning and decision making in addition to reporting, budgeting and maintaining basic regulatory compliance.

“…It is a decision engine, which allows for an infinite number of strategic scenarios to be created. Risk reporting and comparison reports between strategic scenarios and the base forecast can be run to show the positive or adverse impacts of those scenarios, which provides transparent and documented justification for either executing or scrapping a certain strategy.”

Sid Sinha, Farin Financial Risk Analyst

WHY TRUST YOUR ALM TO FORESIGHT

OUR EXPERIENCE

  • Asset/Liability Management impacts every aspect of your organization. Farin knows ALM. We have over 30 years of experience delivering actionable financial analysis and advisory services.
  • Farin is recognized by institutions, regulators and trade associations as industry leading ALM Experts and ALM software development experts.
  • Our ALM Experts will help you implement the Foresight model, get up and running, and trouble shoot when you run into issues.
  • All of our ALM Experts have worked in financial institutions in positions responsible for ALM modeling AND they know our Foresight model inside and out!

OUR FOCUS

  • We focus on advisory services and financial analysis. We are not distracted by other lines of  business such as data processing or funds management. When asked what we do – ALM is at  the top of the list, not buried in the heap – we are proud of our reputation as ALM Experts.
  • Exceptional customer service is our goal – We are just the right size – big enough to provide cutting edge financial analysis, yet small enough to give you the attention and care you deserve.

“Our bank’s ALM, budget, and FP&A functions are built around the expansive capabilities of the Farin Foresight model, which is in large part made possible by the fantastic customer service that we receive (especially from Amy [Beeson], who is awesome!). The model’s design is sophisticated enough to efficiently and accurately forecast the complexity of our bank’s more unique transactions, and to produce the required data so that we can critically analyze our financial results. Thanks to everyone at Farin for their role in helping to grow GRB!”

Nick Dobbertin, AVP, Finance Manager
Genesee Regional Bank, Rochester, NY
Over $450 Million institution, Farin Foresight client for over 3 years

FARIN FORESIGHT IS CERTIFIED

The Foresight ALM model has been independently certified to fully and accurately perform mandated regulatory analyses and reporting of interest rate risk for both income-at-risk and value-at-risk metrics.

WHY CHOOSE FORESIGHT?

FEATURES AND BENEFITS

  • A strategic tool to optimize net interest margin, assess multiple levels of risk exposure and  develop appropriate contingency funding plans for various forecasted economic environments
  • Utilizes both a static and dynamic modeling approach
  • Integrated interest rate risk, budgeting and planning, liquidity analysis, board and management reporting
  • Income at Risk and Market Value calculations, both current and forecast positions
  • Unrestricted interest rate shocks, ramps and yield curves
  • Customized unlimited chart of accounts
  • Extensive reporting and graphing capabilities
  • Back-testing capabilities for balance sheet, income statement, yields and ratios
  • Horizon – default 36 months, ability to run over a 120 month horizon
  • Calculation of liquidity coverage ratio and forward liquidity risk
  • Unlimited “What-If” analysis and stress testing
  • Custom reporting capabilities
  • Model utilizes individual account and investment level detail
  • Data extracts accepted from a variety of sources
  • Independent economic analysis and interest rate forecasts, including non-parallel rate forecasts

“A key benefit of Foresight is that it takes ALL factors into consideration – it is not a band-aid, but a massage. If your toe hurts, we can fix it, but understand that your toe affects your balance. To put it in more financial terms – iPrice, our deposit pricing solution,  fixes your deposit pricing – but if you use Foresight for ALM modeling you’ll get an overall picture of your institution’s health and you may make different deposit pricing decisions.”

Chris Acker, Farin Senior Vice President & CFO

MODEL ACCESS OPTIONS

INSTITUTION MANAGED – YOUR STAFF MANAGES ALL COMPONENTS

Software can be housed on a dedicated PC at your institution or your staff may use Farin’s remotely accessible servers.

FARIN-MANAGED “INSIGHT”– OUTSOURCE OF ALL COMPONENTS

Model Build Out – Farin builds out data with your involvement.

Data Updates – Farin loads monthly cash flow files and base model updates.

Report Production – Farin produces agreed upon reporting for electronic download and runs “What-If” scenarios.

Learn more about Farin Insight – ALM Outsource Services 

HYBRID – FARIN PROVIDES DATA UPDATES, INSTITUTION RUNS REPORTING

Model Build Out – Farin builds out data with your involvement.

Data Updates – Farin loads monthly cash flow files and base model updates to prepare for institution led reporting process.

Report Production – Institution produces reports, including “What-If’s,” with support services available via toll-free support line for general ALM inquiries or be connected to an ALM Expert.

“It isn’t easy to find ALM experts in small communities. I have a client, who trained several finance managers on Foresight, who then left for opportunities at larger institutions. My client recently decided to outsource permanently – saving them the time and expense of recruiting and training over and over again.Take the time to do the math – it may be more cost-effective to outsource than to have a full-time staff with the expertise necessary for properly managed ALM.”

Amy Beeson, Farin Lead Financial Risk Analyst 

MODEL MAX TRAINING

  • Via the web or in person – Web training works well if you have been using Foresight in-house  for at least 3 months and are an experienced A/L manager. If you have limited experience, our hands-on, in-person training is a better choice.

“It [Model Max training] was everything I expected, and more. I have attended many conferences and training sessions through my career, and most are almost instantly forgettable. But the training I got in a day and a half at Farin was focused on what I wanted to learn, and what I needed to learn to be able to do my job here at the credit union more effectively. I received great value for my educational investment.”

Jim McGee, VP-Administration
Cedar Falls Community Credit Union, Cedar Falls, IA
Farin Foresight/Hybrid Insight user – Over $100 Million institution, Farin client for over 4 years
Learn More about Model Max Training

CUSTOMER SUPPORT

  • Need help immediately? Contact our Asset/Liability Management Client Care Team, everyone has ALM experience and can answer conceptual, as well as technical questions. Available Monday-Friday from 8 am to 6 pm CST 866-230-2161 and foresight@farin.com
  • Dedicated implementation team – Never fear! We’ll get you up and running on the model,  reducing your administrative tasks and shortening your learning curve, so you can be productive immediately.
  • User Group Meetings available.

DEFINING THE “VALUE” OF YOUR ALM PROCESS

Read Dave Koch’s article ►

LEARN TO USE FORESIGHTTM TO ITS FULLEST POTENTIAL…

Register for Model Max Foresight CPE Training ►

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“Foresight has been the backbone of our business for years. The fact that we have a consistent record of successfully dealing with auditors and regulatory examiners is proof of the model’s success.”

H. Stewart Fitz Gibbon III, President/CEO
Wayne Savings Community
BankWooster, OH
Over $400 Million institution
Farin client for over 20 years 

 

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FARIN DEPOSIT PRICING VIDEO

Our Deposit Pricing video I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

FARIN FORESIGHT DASHBOARD REPORT
KEY MEASURES – MARCH, 2016

Chuck Youngman

Senior Financial Risk Analyst

cyoungman@farin.com

“Each day I have the opportunity to help clients with their ALM model or help them understand what their numbers mean. It is very rewarding.”

REVIEW THE COMPONENTS OF OUR COMPREHENSIVE SUITE

For over 30 years, we’ve specialized in providing advice, education and software solutions focused on five interdependent, core business facets common to institutions. We help financial professionals make informed decisions, anticipate and avoid issues, maintain compliance and thrive in any economic environment.