SINGAPORE/KUALA LUMPUR, June 20, 2017 – Moody’s Analytics and AFFIN Bank Group (“AFFIN”) today announced that they have won The Asian Banker’s Liquidity Risk Technology Implementation of the Year award.
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.
“We are honored to receive this award from The Asian Banker, and to share it with our partners at AFFIN,” 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 AFFIN to put in place a holistic risk management framework to drive its business forward.”
The Moody’s Analytics solutions support 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.
“The implementation of these solutions has further strengthened AFFIN’s risk management capabilities, in line with the recently launched AFFINITY — a strategic transformation program of the Bank Group,” said Kamarul Ariffin 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 end-to-end solution covers our ALM and regulatory reporting needs and incorporates 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 AFFIN Bank 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."
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 moodysanalytics.com.