The Financial Insights Innovation Awards, which are organized by
IDC Financial Insights, recognize financial services innovations in the
Asia-Pacific region. This year, the award in the risk management
category went to PT Bank Internasional Indonesia Tbk (Bii), one of the
largest credit institutions in Indonesia, a country with a population of
some 240 million people.
Bii won with its centralized risk rating system, a solution that is based on the Credit Risk Rating Platform from ACTICO. With this award, the jury recognized outstanding achievements in risk management and technologies that have demonstrably boosted performance.
Improvement of efficiency in the credit rating process and increase of accuracy
The Bii management wanted to substantially improve efficiency in the
process of credit rating with a high level of accuracy. Being a business
critical application, a high level of business and IT cooperation was
also desired by the management.
The Credit Risk Rating Platform solution incorporates bank-specific scorecards for corporate and retail segments.