About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Pendo Systems Develops OTTI Analysis Report for FASB Accounting Requirements

Subscribe to our newsletter

Accounting solutions vendor Pendo Systems has developed a new report aimed at assisting its clients in identifying investments that come under the other than temporary impairment (OTTI) classification, as specified by the Financial Standards Accounting Board (FASB). OTTI has been a hot topic over the last few months, as the FASB has been coerced by industry lobbyists to revise its mark to market accounting rules.

The newly revised accounting rules allow firms “significant judgement” in the valuation of their assets and are considered to be a major step away from the original mark to market guidelines, according to the FASB. The area of OTTI has been altered to reflect the impact of the financial crisis so that losses recorded in capital are based on economic losses rather than market losses.

The vendor’s new OTTI Analysis Report is being offered to clients using its flagship BasisPoint accounting system, which provides an automated database of client accounts. The report will therefore assist BasisPoint clients in identifying investments that are candidates for Generally Accepted Accounting Principles (GAAP) impairment accounting as required by a number of different regulations as well as International Financial Reporting Standards (IFRS) accounting requirements.

“This report was designed to allow users the flexibility to select run-time threshold parameters, such as percentage of market value under book value and over how many time periods,” explains Teri Henry, BasisPoint product manager.

As well as updating its accounting solution, Pendo Systems has also been recently focused on increasing its general data management offering. In November last year the vendor formed a strategic alliance with buy side data management solution vendor Data Agent to deliver an integrated solution aimed at streamlining data management for financial services firms. The two firms are developing a multi-dimensional platform on which they claim customers will be able to manage their investment data via the combination of their respective offerings.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Executing the Migration to Cloud to Enable Scalability and Innovation

Cloud-based services and processing have become essential to financial institutions as their data management demands have become more complex and expansive. Thousands of organisations have made the jump from their limited on-premises tech stacks to the near-infinite scalability opportunities of public and private clouds. They have also been motivated by the need to modernise their...

BLOG

Adapting to an AI-Dominated World: Data Management Summit New York City Review

The 16th Data Management Summit New York City immersed delegates in a deep dive into the implications of artificial intelligence and associated agents as the technologies dominate discussions among data chiefs of the world’s financial institutions. In the opening Data Leaders Panel, The Evolving Data And Ai Operating Model – Synergy, Governance And Accountability, the...

EVENT

Data Management Summit New York City

Now in its 16th year, Data Management Summit (DMS) NYC returns on September 17th 2026, to explore how to use data and AI to drive measurable business outcomes – reliably, repeatedly and at scale.

GUIDE

Regulatory Data Handbook 2026 – Fourteenth Edition

Welcome to the fourteenth edition of A-Team Group’s Regulatory Data Handbook. Supervisors increasingly expect firms to demonstrate which rules apply, which data supports each obligation, who owns the control and how exceptions are identified and resolved. Policies and implementation programmes must now be supported by records that can withstand regulatory scrutiny. This edition examines material...