The board aims to help community banks and credit unions with the new standard.

Financial institutions are scrambling to prepare for the imminent approach of the credit losses standard.

The company is now focusing on CECL and ALLL technology for community banks after being acquired by Accel-KKR.

The new accounting standard will have a varying impact on financial institutions.

With tax reform close to the finish line, bankers are still clear winners from the compromise worked out between House and Senate negotiators. But the bill includes some caveats that might give institutions pause.