CIMB standardises loan decisioning and credit scoring system to enhance risk management
Centralisation of CIMB’s business rules and scorecards created greater precision in retail credit loan evaluation and approval decision whilst streamlining workflow processes. January 07, 2013 | Foo Boon PingCIMB may be the second largest bank in Malaysia, but the regional universal bank, with total assets of about $105 billion, has differentiated itself through its strong physical presence in the region. Its network of over 1,200 branches across ASEAN gives it perhaps the largest geographical footprint of any bank in the region. The bank was formed in 2006 following the merger of three leading Malaysian banking and financial institutions—Commerce International Merchant Bankers, Bumiputra-Commerce Bank and Southern Bank. It also owns CIMB Niaga, the fifth largest banking group in Indonesia. It also acquired Bank Thai in Thailand and securities broker GK Goh in Singapore. CIMB’s risk management approach to projects Figure 1. Fundamental considerations in assessing and evaluating project issues Please click to view enlarged image
As an ASEAN universal bank, CIMB Group has a full range of banking and financial services—conventional and Islamic—serving retail clients as well as large companies and institutions. CIMB and its technology partner DecTech Solutions were named winners of the Best Risk Analytics Project Award 2012 in the sixth Asian Banker Technology Implementation Awards Programme. It implemented a centralised regional decisioning engine through the Centralised Retail Decision Engine (CRDE) initiative that standardised the bank’s loan decisioning and credit scoring across the region. The project fully transformed the bank’s adherence to and execution of its risk management business rules. As... Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Consumer Credit, Operational Risk, Retail Banking, Risk and RegulationConsumer Credit,Oprisk,retail,Risk and Regulation, Consumer Credit,Operational Risk,Retail Banking,Risk and Regulation, Keywords:Malaysia, CIMB, CRDE, LOS Malaysia, CIMB, CRDE, LOS
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