Governance, Risk & Compliance

Governance, Risk & Compliance

September 22, 2011

Risk Management Program Accelerated by Credit Guarantee Corp. Malaysia Berhad

Credit Guarantee Corp. Malaysia Berhad (CGC) recently announced that they had selected SAS (News - Alert), one of the global leaders in business analytics software and services to enhance its overall risk management system as well as improve small and medium enterprises (SME) portfolio management and outreach.

CGC will now use SAS Enterprise GRC, SAS Financial Management and SAS Business Analytics in order to bring greater efficiency in risk data reporting and analysis. SAS will be responsible for centralizing CGC’s risk data storage which will quickly trigger alerts when CGC’s risk appetite rules are violated. CGC will now be able to have more control on its risk exposure and provide more effective loan quality due to the quick identification of potential problems.

In a release, Datuk Wan Azhar Wan Ahmad, CGC’s Managing Director said, “CGC’s credit risk and operational management system will enable us to be more proactive in risk management monitoring and provide better credit quality and overall risk management. With improved risk monitoring and enhanced efficiency, CGC will be able to better manage its diverse portfolio of SMEs and offer financing to those most viable and deserving.”

SAS will also serve as an administration platform for CGC to continually develop and maintain its credit rating model, which is very important for its loan quality management. The system will also help with strategic decision-making and risk mitigation by providing early warning signals and proactive risk monitoring.

Andrew Tan, SAS Malaysia’s Managing Director said, “Over the past 35 years, we’ve helped companies like CGC meet their objectives by combining innovation and a passion for business analytics. We see CGC benefiting greatly from faster and more reliable risk reporting. SAS helps eliminate errors in risk identification, provides a new ability to pinpoint a specific risk sector and factor, and solves the huge challenge of integrating data of different variables from different systems for ad hoc reporting.”

CGC is confident of SAS’ proven analytics expertise and extensive experience as a reliable risk solution provider for financial services institutions. CGC firmly believes that the investment in its credit risk and operational management system will only enhance its position as the country’s leading credit guarantee provider for SMEs.

Carolyn John is a Contributor to TMCnet. To read more of her articles, please columnist page.

Edited by Jennifer Russell

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