Government Housing Bank Enhances its Services and Risk Management Capabilities with Anti-Money Laundering, Asset and Liability Management and Credit Scoring Solutions from SAS Software
Government Housing Bank, Thailand's leading mortgage lender's bank increases its services and risk management capabilities by choosing solutions from SAS Software to develop the Anti-Money Laundering (AML), Asset and Liability Management (ALM) and Credit Scoring.
Khan Prachuabmoh, President of Government Housing Bank (GH Bank), revealed that major driving forces that make organizations having to adapt itself significantly are technology advancement, business competitiveness and economic, social and political factors and it is not only for survival but also every executives need are sustainable growth and immunity to keep their organizations strong. It is found that most successful organizations have established a flexible information technology infrastructure and can quickly adapt to changes.
The fast changing environment has been incurred by various factors, particularly from worldwide economic recession conditions since the financial crisis in 1997, had impacted many financial institutes with regards to non-performing loans (NPL), liquidity management of the bank and regulations imposed to business operations of the bank such as laws on anti-money laundering prevention and suppression. Therefore, GH Bank has undertook risk management project to strengthen its capability on services rendering under mission of becoming the bank which provides financial support to accommodate people's housing needs as well as to respond to government's policy which centers on the utilization of real estate industry as a mean to drive national economic growth.
Risk Management project of Government Housing Bank consists of Anti-Money Laundering (AML) Solution to inspect the financial behavior and to support any regulations of the financial institutes; Asset and Liability Management (ALM) Solution to manage asset and liability effectively, and Credit Scoring Solution to help the bank to be able to analyze status of the borrower correctly and precisely. GHB chose all solutions from SAS Software (Thailand) Co., Ltd. because it has flexibility and can be expanded as per business requirement and the changing regulations, and additionally it has team work that is experienced both in Thailand and international level.
Taveesak Saengthong, Managing Director of SAS Software (Thailand) Co., Ltd., said that Anti-Money Laundering Solution can follow up money laundering prevention which is the best practices with regards to security, transparency on operation and credibility of the bank which has to examine and follow up the customers' accounts both the existing accounts which has continued transaction and the new account continually. At present, GHB has total assets of more than 720,000 million Baht and in 2009, the Bank's customers have increased almost to 170,000 accounts.
SAS Asset and Liability Management (ALM) to be implemented is a solution on effective and balanced management of deposit, credit and investment. Subsequently, it can make the bank measure and control financial risks that can be managed by the bank and it can also assist the bank in providing appropriate returns. In addition, Credit Scoring solution is a solution that can be used in conjunction to consider the status of each borrower correctly and precisely because it can indicate level of credit risk which can impact the decision on determining the borrower's loan limit and interest rates including credit conditions approved to the borrower and it also supports standard accreditation of Basel II as well.
"SAS is very grateful that the Government Housing Bank trusts in three solutions from SAS. We commit to deliver the expertise team in Thailand who work closely including advisory services from our experts worldwide"
"Currently, more than 55 financial services institutes that utilize SAS Anti-Money Laundering, including: Banco de Oro Unibank (the Philippines), Bank of America (USA), Queensland Bank (Australia), BB&T Bank (USA), Banco de Chile (Chile), Coastal Federal Credit Union (USA), Commonwealth of Australia (Australia), Development Bank of the Philippines (the Philippines), EON Bank (Malaysia), First Citizens Bank (USA), Hana Bank (Korea), The Huntington National Bank (USA), Kookmin Bank (Korea), Land Bank of the Philippines (the Philippines), Philippines Veterans Bank (the Philippines), Samba Financial Group (Saudi Arabia), Samsung Securities Co., Ltd. (Korea) and Sovereign Bank (USA) and etc, said Taveesak.