Affin Bank Bhd managing director and CEO Kamarul Ariffin Mohd Jamil (left) presents a memento of appreciation to Moody’s Analytics Asia Pacific managing director Noah Berliner.
KUALA LUMPUR: Affin Bank Bhd has implemented Moodys Analytics Software Solutions, a robust interest (profit) rate and liquidity risk management platform, at the bank to enhance risk management capabilities.
In a statement, Affin said Moody’s Analytics RiskAuthority and RiskConfidence software platforms would better equip the bank to manage large exposure risks and improve its business decision-making.
Managing director and chief executive officer, Kamarul Ariffin Mohd Jamil, said the bank 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.
“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 banking group,” he said.
Kamarul Ariffin said with the ability to perform more frequent and more granular data analytics, the group would be in a better position to monitor and manage the risk exposures in line with its 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,” he said. - Bernama
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