AFFIN Bank Implements Moody’s Analytics Software Solutions to Enhance Risk Management Capabilities
February 20 2017 - 8:30PM
Business Wire
AFFIN Bank Group (“AFFIN”) and Moody’s Analytics today announced
the successful implementation of a robust profit rate and liquidity
risk management platform. The installation of the Moody’s Analytics
RiskAuthority™ and RiskConfidence™ software platforms also better
equips the Bank to manage large exposure risks and improve its
business decision making.
“We needed an efficient and flexible asset and liability
management (ALM) system as well as reporting infrastructure to
manage the increasingly challenging regulatory environment and
support the future growth of our business,” said Kamarul Ariffin
Mohd Jamil, Group Chief Executive Officer at AFFIN.
The RiskConfidence™ platform combines profit rate risk
management and liquidity risk management, while the RiskAuthority™
platform enables advanced analytics of risk with regulatory
reporting. Designed to be used together, the RiskAuthority™ and
RiskConfidence™ software solutions integrated seamlessly into
AFFIN’s existing infrastructure, leveraging extensive automation to
increase operational efficiency.
“We’re delighted that AFFIN has selected our software to
optimize its risk management and reporting capabilities,” said
Pierre-Etienne Chabanel, Managing Director of Product Management at
Moody’s Analytics. “By tying risk exposures to capital more
effectively, AFFIN is now able to integrate risk-taking decisions
into its strategic and tactical decision making.”
“The implementation of these solutions from Moody’s Analytics
has further strengthened AFFIN’s risk management capabilities, in
line with the recently launched AFFINITY—a strategic transformation
program of the Bank Group,” added AFFIN’s Kamarul. “With the
ability to perform more frequent and more granular data analytics,
we are in a better position to monitor and manage our risk
exposures in line with our risk appetite, and to institute early
corrective action when required. The end-to-end solution covers our
ALM and regulatory reporting needs and also incorporates a large
exposure module to enhance managerial control of risk across our
business entities.”
For more information about Moody’s Analytics solutions, visit
www.moodysanalytics.com.
About AFFIN
Affin Bank Berhad (AFFINBANK) is a wholly-owned subsidiary of
Affin Holdings Berhad, which is listed on the Bursa Malaysia.
AFFINBANK provides a suite of financial products and services that
caters to retail, SME, and corporate customers. The target business
segments are categorized under key business units such as Consumer
Banking, SME & Commercial Business Banking, Corporate &
Public Sector Business Banking, and Treasury.
The tagline of “Banking Without Barriers” signifies the removal
of boundaries within the processes of AFFINBANK as well as its
attitude in servicing its customers. The latter means reaching out
to customers, improving relationships with them, making each one of
them feel privileged and enhancing a new approach to banking and
changing the face of conventional banking.
AFFINBANK also provides Islamic banking products and services
via its Islamic banking subsidiary Affin Islamic Bank Berhad (AFFIN
ISLAMIC). AFFIN ISLAMIC, a full-fledged Islamic bank, offers a
complete range of Islamic Banking products and services which are
in compliance with Shariah principles and laws.
For more information, please log on to www.affinbank.com.my or
www.affinislamic.com.my. Alternatively, please visit an AFFINBANK
or AFFIN ISLAMIC branch.
About Moody’s Analytics
Moody’s Analytics helps capital markets and risk management
professionals worldwide respond to an evolving marketplace with
confidence. The company offers unique tools and best practices for
measuring and managing risk through expertise and experience in
credit analysis, economic research and financial risk management.
By providing leading-edge software, advisory services, and
research, including the proprietary analysis of Moody’s Investors
Service, Moody’s Analytics integrates and customizes its offerings
to address specific business challenges. Moody's Analytics is a
subsidiary of Moody's Corporation (NYSE:MCO), which reported
revenue of $3.6 billion in 2016, employs approximately 10,600
people worldwide and maintains a presence in 36 countries. Further
information is available at www.moodysanalytics.com.
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