ACES launches tool for loan policy reviews

Financial institutions have the option to create their own bespoke policies or utilize ACES Managed Policies, a pre-vetted library of compliance-focused policies developed by ACES. The ACES Population Testing system then runs these selected policies against every record within a chosen population, delivering a pass or fail outcome for each policy and record. These results are aggregated to generate an overall quality score displayed on the platform’s dashboard.

"The engine underneath ACES Population Testing has been running in production at financial institutions for years," Trevor Gauthier, CEO of ACES Quality Management, stated. "By bringing it under the ACES umbrella, it now becomes the natural complement to our audit technology, directing our clients’ teams to the records that matter most for targeted, human-driven investigation."

ACES stated that the technology leverages data quality capabilities obtained through its acquisition of BaseCap Analytics and is already in use by financial institutions. ACES Population Testing is intended to supplement traditional sampling methods by identifying records that might otherwise be overlooked in a standard sample, flagging them for further review. Auditors can then utilize ACES Quality Management & Control software to examine these flagged records, identify defects, document findings, and initiate remediation processes.