SOURCE: FIMAC Solutions

FIMAC Solutions

June 27, 2011 10:05 ET

Demand for Consulting Services and Stress Testing Software Sparks Hiring at FIMAC Solutions

DENVER, CO--(Marketwire - Jun 27, 2011) - Responding to increased demand for its software and consulting services, FIMAC Solutions plans to add four new employees to its sales and operations staff. The company's first addition is 25-year financial services industry professional Miles Strickland.

"We are very pleased to announce the addition of Miles Strickland to our FIMAC consulting team. Miles comes to us with 25 years of financial services experience, including several high level credit union positions: controller, COO plus NCUA principal examiner, as well as CEO of a CUSO. In addition to his strong regulatory perspective, Miles brings deep experience in finance, balance sheet risk, payment systems, financial product development, business development, operations strategy, financial marketing and software development.

"In the past few years we've seen an uptick in risk analytics software sales from community banks and credit unions," said Greg Doner, CEO of FIMAC Solutions. "Institutions stress testing their commercial real estate portfolios with our software have given us high marks because it flags individual problem loans in advance of market conditions that would cause the loans to fail, whereas competing products only flag risk at the global level.

"Likewise, the upcoming release of our new Portfolio Accounting Analytics©™ is driving a lot of inquiries from fixed income portfolio managers who have used the previous model for years. It allows them to easily move to an updated digital version of the bond accounting model they are already accustomed to. For all these reasons we are bringing in new people to serve our banks, credit unions and savings and loan clients."

ABOUT FIMAC SOLUTIONS
Since 2000, FIMAC Solutions LLC has specialized in providing the financial services industry with banking software that delivers risk management and profitability solutions through its FIMAC Mountain suite of products. FIMAC's flagship product, Risk Analytics® ALM Model©, is long recognized throughout the industry with approximately 400 placements. FIMAC Solutions was first to market with standalone stress testing software for banks' commercial real estate and construction loan portfolios, CRE Stress Analytics© and Construction Stress Analytics©. The FIMACMountain product group also includes Balance Sheet Manager® and A/L Reporter© for credit unions, along with its soon-to-be-released Portfolio Accounting Analytics©™. Details regarding all of the FIMACMountain products and F.I.M.A.C. risk analytics consulting services for banks and credit unions are available at www.FIMACSolutions.com and by calling (877) 322-1880.

Contact Information

  • MEDIA CONTACT:
    Greg Doner
    CEO
    FIMAC Solutions
    (303) 320-1900
    email: Email Contact