In the afternoon of July 30 2018, in the headquarter of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) 266 – 268 Nam Ky Khoi Nghia, District 3, Ho Chi Minh City, the launching of “Modeling Project of Quantifying Credit Risks for Sacombank ” took place with the participation of Sacombank’s Board of Directors, the Project Board and representatives from two partners, Price Water House Cooper Consulting Co., Ltd. (PWC) and CMC Saigon System Integration Limited Company (CMC SISG).
Credit Risk Modeling (CM) is one of the important strategic projects of Sacombank in building international standard Basel II with advanced method (Advance IRB) for the bank list, meeting Circular 41 of the State Bank. This project will help Sacombank manage, control credit risks and capital better, improve the provisioning ratio, approve credit activities conveniently, quickly and accurately. This also help optimize public customer service and thus increase the total value of business.
By bringing comprehensive service experience to Sacombank including: business consulting, analysis and model building to technical activities such as data preparation, hardware system, Credit Scoring Suite from SAS, software deployment services and standard conformity reports. CMC SISG is trusted by Sacombank to coordinate directly with PWC (Vietnam and Singapore) in the deployment process.
Especially, the breakthrough of CMC SISG brought in Basel II project is the real-time system architecture. This deployment architecture shortens the application distance between risk analysis and daily business operations of Sacombank in each customer contact point. That is the foundation for Sacombank to build a data-based business strategy, to expand and solve other strategic issues such as debt collection management, business analysis to increase sales, quality management and quality customer service.
Ms. Tran Thi Phuong Hong – CMC SISG Vice General Director is presentingThis project will be implemented in nearly 2 years, including 4 components: Credit rating model building; SAS Credit Scoring Suite deployment; Hardware deployment, Training and communication for Sacombank staff.
Ms. Tran Thi Phuong Hong shared that: “CMC SISG is honored to be trusted by Sacombank in this project. To us, this is an important project of applied data science services developing. With professional competence and experience in solving many technological issues for banks in Vietnam over the past 20 years, together with PWC, we are completely confident in the success of the project. CMC SISG commits to devote the best resources during the implementation to meet Sacombank’s the expectations”.
The kick-off ceremony of Credit Risk Modeling Project is a solid foundation for Sacombank, CMC SISG and PWC to expand technology cooperation. Three parties pledged to work closely together to implement the project on schedule with the highest efficiency, contribute to support Sacombank to achieve long-term strategic goals.
(Dau Thau News, August 01 2018)
Category: General news, Press talk about CMC TSSG