Replacement of Legacy Non-retail Risk Rating System
ASEAN banking major replaces in-house credit risk rating solution with Credit Risk Management Platform
About The company
A leading South East Asian bank holding company with business activities across consumer, wholesale, investment and corporate banking.
- Top 5 bank in South East Asia with 1000+ regional branches
- Presence in 18 countries with 30,000+ employees, covering Malaysia, Indonesia, Singapore, Thailand, Vietnam, Philippines, China and major global financial centers
- Total assets: USD 100+ billion
ABOUT THE PROJECT
The fully deployed solution comprised of a full scale Risk Rating Solution meeting the bank’s requirements, including the following deliverables:
- More than 10 Commercial and Corporate Scorecards on-boarded on the Credit Risk Management Platform
- Centralised system (3 Production installations) for rating
- Interface with upstream and downstream internal systems
- Data migration/ conversion to new system from the legacy system
- Stress/ Simulated Rating
- Peer comparison of ratings. which enables users to compare ratings
- Reporting mechanism to provide monitoring and operational reports
Customer Benefits
- The platform based approach allows implementation of bank’s diverse portfolios – each with its specific requirements in terms of workflows, scorecards, user interfaces and integration points – on a single centralized and technologically consistent system
- Increased agility and productivity of the business and IT team
- Minimal application maintenance and less dependence on 3rd party / vendor
- Faster time-to-market