Software Solutions Provider Actico has concluded a contract with a top ten lender in ASEAN and the second-largest bank in Malaysia.
Acticos’s Credit Risk Management Platform will be replacing CIMB’s existing risk rating system. The target is to meet increasing internal and regulatory needs across the CIMB Group, according to a press release sent to finews.asia.
The platform provides intuitive tools that empower system implementors to manage their credit risk rating models themselves using a graphical modeling approach and implement the changes in an existing business landscape. This was a main reason why CIMB chose Actico after a thorough evaluation and comparison with its market peers.
Adapted to Regional Requirements
The rollout of the new rating system is planned for late 2017 and covers CIMB entities in the APAC region: Malaysia, Indonesia, Thailand, Hong Kong, Singapore, and China. The initial project scope covers 13 scorecards, most of which were developed in CIMB Malaysia and adapted to the regional requirements in the other countries.
Actico is an international provider of software solutions and technologies for decision management in the areas of credit risk management, loan origination, compliance and client & claims management. It supports its international customers from locations in Germany, the U.S., and Singapore.
