NTT Data Luweave Launches Preliminary Co-Creation Project for "ECL Master," an Expected Credit Loss Calculation Solution

NTT Data Luweave Corporation is developing a new solution, "ECL Master" (tentative name), equipped with the necessary functions for calculating Expected Credit Loss (ECL) to comply with the "Accounting Standard for Impairment of Financial Assets" published by the Accounting Standards Board of Japan (ASBJ). Looking ahead to the service launch, the company has initiated a preliminary co-creation project with multiple clients and accounting consultants to standardize business workflows. This solution aims to reduce the burden on financial institutions from the increased complexity of operations due to the new accounting standards and to support an early and smooth transition.