Federación Nacional de Cooperativas de Ahorro y Crédito del Perú (FENACREP), World Council’s direct member credit union association in Peru, anticipates launching a pilot project this summer that will allow its member credit unions to request access to a comprehensive risk management software.
Developed by TECCOM, a Paraguayan company that specializes in developing IT solutions for the cooperative sector, the software will allow FENACREP member credit unions to assess credit risk, liquidity risk and operational risk.
Representatives of TECCOM made an early June visit to FENACREP to give a presentation on their progress and to gather information essential to completing the final version of the software.
"We are working on a tool that will not only benefit Peruvian cooperatives but also various regions of Latin America. We present a highly configurable tool that can be adapted to the rules, policies and credit limits of each institution,” said Elías Yambay, a Senior Analyst for TECCOM.
The development of the software marks an important milestone in the complete implementation of a comprehensive risk management system for FENACREP member credit unions. Along with automating that process by adopting the latest technology, the project, led by DGRV and FENACREP, seeks to provide dynamic reports to support decision making, further strengthening credit unions.
This is an edited version of a post that originally appeared June 7 on https://fenacrep.org.