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Case Study: Credit Management System for a
Leading Middle East Bank

Quick Facts

  • Solutions and Services :

    Risk Management

  • Industry :

    Banking & Financial Services

  • Organization Size :

    Top 10 in category

  • Country :

    UAE

Summary

The bank creates a process that standardizes it’s credit assessment procedures and makes it seamlessly integrated

Business Challenge

Our client a leading banking player in the middle-east market urgently needed to address some critical-issues that were hampering its’ operations and subsequent business growth, such as –

  • Integrating the customer creation, credit appraisal and accounting process for corporate clients
  • Establishing segments to define its’ customer groups, which can be targeted in the future
  • Creating an approach for automatic credit-approval documentation, dashboards and scorecards
  • Being compliant with the regulatory by-laws for audits & reporting

However the major challenges that it was facing, included :

  • Data Governance issues and concerns
  • Incomplete customer data
  • Diverse and non-compatible data sources
  • Archives of non-digitized data comprising of collaterals and documentations
  • Non-compliance with the regulatory standards

Our Solution

Annik risk management professionals worked closely with the client team to understand the operations workflow and get a clear picture.

The solution approach focused on addressing four key aspects –

  1. Customer profile
  2. Credit appraisal
  3. Documentation
  4. Compliance reporting

 

Results & Benefits

Annik helped the client create an enhanced and efficient operating-model that will lead to the –

  • Optimization of the Credit Appraisal process
  • Reduction in the processing time
  • Automation of the post-sanction documentation procedures and the ensuing regulatory reporting

Value Proposition

Our risk management expertise helped deliver improved productivity and compliance, while laying the foundation for effective business decisions.

 

Case Study: Customer Data Integration for
a Top Middle East Bank

Quick Facts

  • Solutions and Services :

    Risk Management
    Data Management

  • Industry :

    Banking & Financial Services

  • Organization Size :

    Top 10 in category

  • Country :

    UAE

Summary

Annik designs and implements risk-management framework that helps client get a better-view of its customer’s profiles and reduced exposure to default

Business Challenge

One of the topmost banks in the middle-east region needed to simplify its business processes in order to make it more impactful and drive cost savings. The main goals involved –

  • Critical Global Limit & Collateral Management Project for Market Risk Area
  • One view of the customer, with data being pulled from eight transactional databases - Intellect, EximBills, Midas, Prime, Broker Vision, IMAL and RA5
  • Key Risk KPI mapped for attributes from
    • 2 Core Risk Fields
    • 18 Non-Core Fields on Best Effort Basis

However the foremost challenges that were being faced by our client, included :

  • Data governance problems
  • Partial customer data
  • Duplicate entries for the same customer
  • Inconsistent entries made across all the eight databases
  • No digitization of Limits, Facilities, Collaterals, Guarantees, Exposure & Docs

Our Solution

Annik was able to design and implement a solution that blended the best-practices of risk management and advanced data-management technologies.

The integrated solution focused on solving four critical facets –

  1. Alias table creation
  2. De-duping
  3. Data enrichment
  4. Risk mapping

 

Results & Benefits

Annik’s team was able to get to the root-causes of the data & risk management problems and provide the client with a solid-framework to improve their processes.

The engagement helped the company in –

  • Single source of viewing the customer information
  • 30% reduction in search time, due to digitization of sanctions
  • Reduced risk towards fraud or default
  • Better view of the credit-score due to efficient data-integration

Value Proposition

Our data and risk management skills helped deliver improved data visualization and laying the base for taking quick & risk-free business decisions.

 

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We at Annik focus on providing practical technical solutions to solve specific business problems, rather than solely focusing on implementing technology.

We have expertise in using proven technology from both inside and outside the financial sector to solve specific business problems. Our highly trained consultants can provide an unrivalled advice and support in a variety of technology solutions.

Our close partnerships with leading-edge vendors, gives us unique insights into their technologies to leverage them efficiently. We offer unbiased advices that prepare our clients to make intelligent and timely decisions.

 

Financial Services Consultancy

 

We at Annik have a distinctive blend of business, technology and application knowledge. The consultative approach at Annik helps our technology consultants to be in the best position, to understand client’s business problems and apply technical solutions that work.

  • We provide objective consultancy and advice that will provide actionable and measurable value.
  • We share insights and best practices, transferring knowledge in order to create a culture of sustainability and growth.

Annik’s financial services technology consultants are proficient in providing a wide variety of support and consultancy services like :

  • Building technology roadmaps
  • Re-architecting IT landscapes
  • Selecting the best new technologies
  • Implementing new processes
  • Integrating new systems

Our flexible and highly inquisitive approach helps us in responding to both technology changes and dynamic client demands. Our varied experience of technology from different sectors, coupled with support from our internal R&D team, means that we have the breadth of knowledge helps us to build leading edge, unique-fit solutions.

 

Credit Management System – Client Life Cycle

 

  • Credit Management System (CMS) from ANNIK is an end to end web based Credit Origination, Administration, and Monitoring system
  • The workflows and functionalities starts from the front office for the credit request to Risk Management for underwriting of risk and Credit Mid-office for disbursement and monitoring
  • The functionalities within CMS helps banks to automate the credit life cycle

cms Risk Management

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- Chief Operating Officer,
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- SVP, Risk Management,
Financial Services Company


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