AFFINBank Implements Moody`s Analytics Risk Management Software

AFFINBank Implements Moody`s Analytics Risk Management Software
21.02.2017 06:30 am

AFFINBank Implements Moody`s Analytics Risk Management Software

Islamic Finance , Risk Management

AFFIN Bank Group successfully implemented Moody`s Analytics robust profit rate and liquidity risk management platform. In its aspiration to better manage large exposure risks and improve business decision making AFFIN Bank Group (“AFFIN”) has installed Analytics RiskAuthority™ and RiskConfidence™ Moody`s software platforms.

AFFIN Bank Implements Moody’s Analytics Software Solutions to Enhance Risk Management Capabilities

 “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.”

Related News

Path Solutions top IBS Islamic Sales League Table 2020

Path Solutions, a global banking software provider, was announced by IBS Intelligence as the leader in the Islamic... Read more »

ICS Financial Systems named as Best Islamic Banking & Finance Technology Provider at 2020 Islamic Finance Awards

The latest edition of World Finance magazine is out now and has confirmed ICS Financial Systems (ICSFS) as Best Islamic... Read more »

Al Baraka Bank Sudan transforms into an intelligent bank with iMAL*BI

Path Solutions, the market-leading provider of Sharia-compliant digital solutions to the financial services... Read more »

ADIB is the first Islamic Bank to use Blockchain technology for trade distribution

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance distribution transactions using... Read more »

Africa and Gulf Bank selects Path Solutions for strategic Islamic core banking implementation

In line with its new vision to fuel innovation, Africa and Gulf Bank (“AGB”) in Sudan has signed an agreement with Path... Read more »

Path Solutions selected as a strategic technology solutions partner of MyBank Limited Somalia

Path Solutions announced today that it had signed up MyBank Ltd., its second banking client for iMAL in Somalia, and indicated a... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel