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Affinbank Group And Moody’s Analytics Win The Asian Banker’s Liquidity Risk Technology Implementation Of The Year Award

Photo Caption:

AFFINBANK 1: En. Kamarul Ariffin Bin Mohd Jamil, Managing Director/Chief Executive Officer, AFFINBANK (third from right), Mr Mark Almeida, President of Moody’s Analytics (fourth from right), Mr Wong Kok Leong, Group Chief Risk Officer, AFFINBANK (third from left) and Mr Loh Von Jack, Vice President, Group Risk Management, AFFINBANK (fourth from left) with The Asian Banker’s Liquidity Risk Technology Implementation of the Year award after receiving it from Mr Foo Boon Ping, Managing Editor, The Asian Banker (on far left) and Mr David Gyori, Chief Executive Officer, Banking Reports (on far right).


AFFINBANK 2:
AFFINBANK delegates with The Asian Banker’s Liquidity Risk Technology Implementation of the Year award.
From left: to right  En. Nazlee Khalifah, Chief Executive Officer, Affin Islamic Bank Berhad, En. Kamarul Ariffin Bin Mohd Jamil, Managing Director/Chief Executive Officer, AFFINBANK, Mr Wong Kok Leong, Group Chief Risk Officer, AFFINBANK  and Mr Loh Von Jack, Vice President Group Risk Management, AFFINBANK



KUALA LUMPUR – AFFINBANK Group (“AFFINBANK”) and Moody’s Analytics recently won The Asian Banker’s Liquidity Risk Technology Implementation of the Year award.

AFFINBANK 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, by implementing the Moody’s Analytics RiskAuthority™ and RiskConfidence™ solutions.

The award was received during The Asian Banker Risk Management Awards and Risk Technology Implementation Awards 2017 which was held in Singapore.

“The implementation of these solutions has further strengthened AFFINBANK’s risk management capabilities, in line with the recently launched AFFINITY — a strategic transformation program of the Group,” said En. Kamarul Ariffin Bin Mohd Jamil, Managing Director/Chief Executive Officer of Affin Bank Berhad.

“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 risk management solutions cover our Asset Liability Management and regulatory reporting needs and incorporate a large exposure module to enhance control of risk across our business entities.”

“The implemented solutions facilitate and articulate risk management across various business units, which are fundamental for building and monitoring a robust risk culture within AFFINBANK Group,” added Kamarul. “Consequently, risk appetite and risk exposures become better understood by the relevant stakeholders within the Bank Group, resulting in better alignment and more cohesion in pursuing common goals."

The risk management solutions support AFFINBANK’s business growth by enabling a fully automated end-to-end submission process, from data loading all the way to generating reports. AFFINBANK has used the risk management solutions to establish a consistent and repeatable workflow that quickly and reliably produces results.

“We are honored to receive this award from The Asian Banker, and to share it with our partners at AFFINBANK,” said Noah Berliner, Managing Director at Moody’s Analytics. “This award reflects our commitment to helping organizations meet their regulatory and operational challenges. Our solutions enabled AFFINBANK to put in place a holistic risk management framework to drive its business forward.”

“AFFINBANK Group demonstrated outstanding project governance in the completion of the liquidity risk management project, which allowed it to leverage the enhanced risk analytics and measurements to improve strategic business planning and decision making,” remarked Foo Boon Ping, Managing Editor, The Asian Banker.

-END-


For media enquiries, kindly contact:-

Raja Emylia Raja Lope Ahmad
Head, Corporate Communications
Affin Bank Berhad

Direct Line : +6 03 2055 9428
Fax no.     : +6 03 2020 1044
Email       : head.corpcomm@affinbank.com.my


Darlene Liew
Senior Executive, Corporate Communications
Affin Bank Berhad

Direct line : +6 03 2055 9034
Fax No  : +6 03 2020 1044
Email   : darleneliew@affinbank.com.my


About AFFINBANK

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, 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.


About The Asian Banker

The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The Singapore-based company has offices in Singapore, Malaysia, Manila, Hong Kong, Beijing, and Dubai, as well as representatives in London, New York, and San Francisco. It has a business model that revolves around three core business lines: publications, research services and forums. The company’s website is www.theasianbanker.com

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