Moody's Analytics, Affin Bank Group Win 'The Asian Banker's Liquidity Risk Technology Implementation Of The Year' Award

KUALA LUMPUR, July 6 (Bernama) -- Moody’s Analytics and AFFIN Bank Group (AFFIN) partnership have won ‘The Asian Banker’s Liquidity Risk Technology Implementation of the Year’ award. In a statement Thursday, Moody’s Analytics’ Managing Director, Noah Berliner, said Moody’s was honoured to receive this award from The Asian Banker and to share it with the partners at AFFIN. “This award reflects our commitment to helping organisations meet their regulatory and operational challenges. Our solutions have enabled AFFIN to put in place a holistic risk management framework to drive its business forward,” he said. By implementing the Moody’s Analytics RiskAuthority and RiskConfidence solutions, AFFIN was able to improve its operational efficiency, reporting capabilities, and risk analysis, and achieve its overall objective of improved risk management and business decision-making, he said. He said the Moody’s Analytics solutions supported AFFIN’s business growth by enabling a fully automated end-to-end submission process, from data loading all the way to generating reports. “AFFIN has used the solutions to establish a consistent and repeatable workflow that quickly and reliably produces results,” he said. AFFIN Bank Bhd’s Managing Director/Chief Executive Officer, Kamarul Ariffin Mohd Jami, said the implementation of these solutions has further strengthened AFFIN’s risk management capabilities, in line with the recently launched AFFINITY — a strategic transformation programme of the group. “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 accordance with our risk appetite, and to institute early corrective action when required. “The implemented solutions facilitate and articulate risk management across various business units, which are fundamental for building and monitoring a robust risk culture within AFFIN Bank Group,” he said. He said consequently, risk appetite and risk exposures became better understood by the relevant stakeholders within the banking group, resulting in better alignment and more cohesion in pursuing common goals. -- BERNAMA