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Turning Predictions into Projections: Using Data and Forecasts to Transform Budgets

Dan Farmer

Senior Consultant

Darling Consulting Group

As a Senior Consultant at Darling Consulting Group, Daniel assists financial institution executives in strengthening their asset liability management (ALM) process. He provides custom solutions for managing interest rate risk, liquidity risk, and capital while maintaining a focus on strategy and optimizing earnings. Daniel also works closely with financial institution executives and teams to harness the power of data analytics to distill actionable insights and enhance strategic decisions using DCG’s Deposits360°®, Loans360°®, and Liquidity360°® platforms.


Daniel began his career at DCG in 2016 as a financial analyst and holds a B.S. in Economics & Finance from Bentley University.

Michael Guglielmo

Managing Director

Darling Consulting Group

With over 30 years of experience in strategic risk management, Mike Guglielmo has provided technical and strategic consulting to a diverse group of financial institutions. Mike is also a frequent author and top-rated speaker on a variety of financial and operational risk management topics and serves as Finance Council Chairman and board member for the Financial Managers Society and as a faculty member of the Association for Management Information in Financial Services (AMIfs) Institute.


During his tenure at DCG, Mike has served in various capacities, including director of financial analytics. In addition, he is a technical resource for the ongoing development of many of DCG's quantitative and strategic risk management products and services. Prior to joining DCG, Mike managed the ALCO and strategic planning processes for a regional bank in the northeast. Mike is a graduate of Fairfield University with a degree in economics.

One could argue that formulating a budget is as much an art as it is a science. Practitioners must assemble an array of predictions for the next year from multiple sources, all derived in today’s environment and extrapolated forward under a variety of assumptions.


As we all know – and have seen much more lately – markets, interest rates, and underlying balance sheet dynamics change materially and frequently. Your proverbial “crystal ball” may feel cloudier than ever, and formulating a budget may be even more daunting given all of the current uncertainty.


How can institutions move from predictions to projections?


Join DCG’s Dan Farmer to explore how tapping into the power of data and forecasts can bring more clarity to the budget process. The discussion will include:

  • The impact of interest rate changes on asset and liability assumptions

  • Dynamic vs. static modelling

  • Using forecast models for loans and deposits

  • Stress testing and alternative scenarios

Don’t navigate in the dark this budget season. Join DCG for this timely webinar to explore how data and forecasts can unlock your budgeting process.

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