Best Compliance Risk Technology Implementation - Taipei Fubon Bank and Moody’s Analytics.
The Taipei-headquartered bank considered for the award operates through a vast branch network in the APAC region. It required a modern system for the identification of risks. Because of the legacy system, it needed better visibility into data for compliance and internal decision-making. The bank selected an established technology vendor that provides an integrated platform approved by regulators. After implementation, the bank enhanced its capital adequacy ratio (CAR) by 2%, reduced monitoring to four hours, and saved 95% of the time for data collection, analysis, and documentation purposes.
For the successful selection of technology vendor and implementation of a system that serves several mission-critical and operational purposes, the award for Best Compliance Risk Technology Implementation goes to Taipei Fubon Bank and Moody’s Analytics.