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Bank Muamalat refines credit risk programme with SAS

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In order to enhance its enterprise risk management and lending decisions, Bank Muamalat Malaysia Berhad chose SAS Credit Scoring for Banking from SAS.

"As a fully Shariah-compliant bank, we continually seek to improve our banking standards and services," says Dato' Hj Mohd Redza Shah Abdul Wahid, CEO of Bank Muamalat.
"Our strategy of partnering with SAS, and using SAS Credit Scoring for Banking, will enable a higher level of control of the bank's lending activities, through a comprehensive, enterprise wide dashboard view. This bold move helps us become closer to our goal of transforming Bank Muamalat into a leading Shariah bank in Malaysia."
By providing an integrated credit scoring system that spans data creation and management, scorecard development and other predictive modelling, and enterprise wide reporting, Bank Muamalat can work on gaining better governance and transparency. This would encourage more trust and the possibility of increased investments from the business community and the public.
Dato' Hj Mohd Redza believed that to reduce exposure to high-risk accounts, the bank needed a proven, world-class solution for faster and more accurate credit assessments.
"With SAS, we have a more reliable point of information for management decision making. This will help us respond quickly to both customers' and the market's dynamic demands, while maintaining a high standard of credit rating processes in-house."
"SAS Credit Scoring for Banking enables lenders to rapidly develop, validate, deploy and monitor credit scorecards faster, cheaper and more flexibly in a low-risk integrated environment," says Andrew Tan, MD of SAS Malaysia.
"By having a complete, end-to-end solution, Bank Muamalat can make more informed credit risk decisions to quickly grow its lending business significantly while remaining prudent and compliant.
"SAS and Bank Muamalat are both working towards similar objectives – to reduce banking risks and increase ROI. SAS has been the market leader in business analytics software for 35 years by delivering solutions that address pain points faced by financial services firms, both worldwide and in local markets like here in Malaysia," he concludes.
SAS Credit Scoring for Banking is expected to be completely implemented within the year.