Case Study: Canadian Tire Financial Services achieves IFRS 9 compliance and reduced credit risk with FICO

How Canadian Tire Bank met IFRS 9 requirements while reducing risk?

Canadian Tire Bank, part of the Canadian Tire group with a large revolving‑credit portfolio, needed to meet the new IFRS 9 requirement to model forward‑looking expected credit losses. With a tight regulatory deadline and complex interpretation challenges, the bank sought external expertise to build analytically rigorous models, integrate them into monthly reporting and defend the approach to auditors and stakeholders.

Working with FICO (and partner 4most), the bank implemented the FICO® IFRS 9 Impairment Management Solution — including model development, software and consulting — to produce lifetime expected‑loss forecasts. The project delivered compliance with IFRS 9 plus stable, defensible provision numbers, reduced risk exposure, seamless model execution across data sources, improved governance and successful knowledge transfer so the bank can forecast losses and manage profitability going forward.

Canadian Tire Financial Services

Paul Robinson

Associate Vice President of Credit Risk Management