Hanoi, 16 September 2014. With strong commitments to investments in advanced IT infrastructure to improve customer service quality and strengthen risk management system for stable and sustainable development, Vietnam Technological and Commercial Joint Stock Bank (Techcombank) officially signed cooperation agreement with Integro Technologies to implement SmartLender Collateral and Limits Management System (CLIMS) to strengthen their credit processing and risk management activities and to improve its customer services.
CLIMS includes 2 modules, the first of which, the collateral management module, helps manage collateral from end-to-end and provides features spanning collateral management, loan balancing, lookup, and early warning for disbursement, release of collateral and credit risk monitoring. This system will enable the storage of collateral across the entire bank, and provide information for other related systems. The credit limit management module helps manage customer relationships and related customer groups. It also configures and manages credit limits for each customer, customer groups by different industries, and by multi-dimensions.
Deployment of the CLIMS platform will create a solid foundation for all of Techcombank's credit risk activities, enabling increased efficiency and quality of loan processing, enhanced risk management, and improved overall customer service operations. Other benefits of the solution are expected to include increased labor productivity, reduced credit processing costs, effectively managed operational and credit risk, and improved transparency and security of Techcombank's systems.
Mr. Phung Quang Hung, Chief Technology and Operation Officer of Techcombank remarked, "This is an important initiative for Techcombank. It shows Techcombank's increased commitment towards strengthening our risk management processes while helping Techcombank establish a solid risk-reward balance. We are looking forward to a close partnership with Integro to successfully deploy SmartLender CLIMS and to help us achieve our business objectives."
Commenting on Techcombank's selection of SmartLender CLIMS, Mr. Shekhar Mullatti, President of AurionPro's Asia-Pacific region, remarked, "We are extremely pleased that Techcombank has selected AurionPro's industry-leading Collateral and Limits Management System (CLIMS) to drive their collateral processing and risk management operations. We are looking forward to a close partnership with Techcombank to deploy SmartLender CLIMS and to help them achieve their business objectives."
The CLIMS project will be deployed in Techcombank from September 2014, and is expected to go live bank-wide by October 2015. This solution is one of the important initiatives that will help Techcombank to well meet international standards on risk management such as Basel II requirements.
The CLIMS project is also one of many initiatives of Techcombank that showcases Techcombank's strong commitment to continuously enhancing its IT infrastructure for better customer services while strengthening its risk management system for sustainable development. The bank’s efforts have been well recognized by many prestigious international awards. Most recently, on 9 September 2014, Techcombank has been acknowledged with 10 awards, including Best Retail Bank Vietnam 2014, Best Customer Service Bank Vietnam 2014, Best Internet Bank Vietnam 2014, and Best Trade Finance Bank Vietnam 2014 from Global Banking & Finance Review; Best Bank in Vietnam from Finance Asia, etc.
