October 20, 2017 11:48 PM ET

Internet Software and Services

Company Overview of Primatics Financial LLC

Company Overview

Primatics Financial LLC develops and delivers integrated risk and finance solutions for loans. The company offers EVOLV, a cloud-based integrated risk and finance solution designed to tackle the end-to-end process challenges impacting various loan lifecycle events faced by financial institutions of various sizes; and EVOLV Smart Data Solution, which provides financial institutions capabilities to source, transform, enrich, and analyze loan data. Its platform equips financial institutions to meet changing accounting, risk, compliance, regulatory, market, and business needs, as well as enables customers to automate finance and risk functions of their loan portfolio from data capture to back-en...

8401 Greensboro Drive

Suite 300

McLean, VA 22102

United States

Founded in 2004





Key Executives for Primatics Financial LLC

Chief Executive Officer
Age: 51
Co-Founder and Executive Vice President of Products
Co-Founder and Executive Vice President
Co-Founder and Executive Vice President of Client Services
Chief Operating Officer
Age: 64
Compensation as of Fiscal Year 2017.

Primatics Financial LLC Key Developments

East West Bancorp Signs Multi-Year Agreement with Primatics Financial

SS&C Technologies Holdings, Inc. has announced that East West Bancorp (East West) has signed a multi-year agreement with Primatics Financial to prepare the firm for the recently released Current Expected Credit Loss (CECL) requirements. Multiple vendors were considered throughout the rigorous selection process; SS&C Primatics was selected because the EVOLV® solution met the bank's current and future reserving needs. SS&C Primatics will assist East West in implementing EVOLV, its leading cloud-based integrated risk and finance solution, to provide end-to-end reserving and credit processing of the bank's loan portfolio. The final CECL guidance was issued by the Financial Accounting Standards Board (FASB) on June 16, 2016, and requires public SEC filing (calendar year) institutions to implement the standard by the beginning of 2020. CECL replaces several impairment accounting models with a single expected credit loss model, requiring financial institutions to overhaul their current reserving process for financial instruments measured at amortized cost. SS&C Primatics' integrated platform will be supporting East West's Allowance for Loan and Lease Losses (ALLL) process under current US GAAP while also preparing East West for transition to CECL by 2020. When preparing for CECL, financial institutions will benefit from automated processes and reporting mechanisms. EVOLV will support East West in their transition to CECL by combining historical credit loss data with forecasts to generate forward-looking reserves in a secure environment. EVOLV's comprehensive solution consists of platform architecture and advanced support for end-to-end risk and finance processes, from data to functions to analytics, all integrated on one enterprise platform. EVOLV is the only solution that integrates risk and finance capabilities with the flexibility to manage new accounting standards such as CECL, quickly and easily.

Similar Private Companies By Industry

Company Name Region
"Atlantic Tele-Satellite, Inc. United States
.Club Domains LLC United States
.Comdaq Corporation United States
.Kache Media Management LLC United States
@Court United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Tax Management Inc United States
Bertelsmann AG Europe

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Primatics Financial LLC, please visit www.primaticsfinancial.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.