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Thursday, 16 November 2017, 19:00 HKT/SGT
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Source: Kamakura Corporation
Hong Leong Chooses Kamakura's Integrated Risk Solution

SINGAPORE, Nov 16, 2017 - (ACN Newswire) - Hong Leong Finance Ltd has implemented the Kamakura risk solution for its balance sheet management, funds transfer pricing and liquidity management processes. The Singapore-listed finance company (S41), part of the Hong Leong Group, made its decision after a comprehensive upgrade exercise involving all risk management processes.

"Hong Leong Finance was clear in its risk vision, and wanted to incorporate an integrated framework for its risk management and compliance initiatives," said Dr. Clement Ooi, Kamakura EVP and Managing Director of Asia-Pacific Operations.

"They wanted to load the data once, and reconcile the data once. Kamakura's solution fit the bill perfectly, providing the company with an accurate assessment of transaction cashflows that can then be used for gap, duration, and mismatch management, as well providing a crystal-clear understanding of the margins associated with transactions.

"The company now has an integrated, holistic computation engine - the platform upon which it will build its integrated risk framework. It will be one of the first to generate both historical and forward-looking views of its balance sheet and gain a transaction-level understanding of profit margins. This system will provide a good appreciation of customer behaviour, products, business units, and organisational profit and value dynamics."

"Companies are no longer looking for fragmented solutions for risk and compliance, but are seeking to adopt a holistic, robust framework that allows for a one-time loading of data for repeated use in the various aspects of risk and compliance," said Mr Ang Tang Chor, President of Hong Leong Finance.

"We aim to enhance our overall risk management monitoring framework, turning risk insight into a strategic business driver to attract and retain customers, develop new sources of revenue, and proactively meet risk and regulatory requirements."

Hong Leong Finance is Singapore's largest finance company, having a network of 28 branches island-wide since its formation in 1961. Its extensive suite of financial products and services includes deposit and savings accounts, corporate and consumer loans, government assistance programmes for small and midsize enterprises (SMEs), and corporate finance and advisory services.

The company launched its SME Business Current Account service in 2007, the only finance company in Singapore to offer checking services to corporate customers. It has twice won the Friends of Enterprise award by Singapore's Spirit of Enterprise organization, the Singapore Finance Company of the Year Award for three years starting in 2011, and the ASEAN Finance Company Award from 2014 to 2016.

Martin Zorn, President and COO of Kamakura, said, "The successful implementation of balance sheet management, funds transfer pricing and liquidity management at Hong Leong Finance is an indicator that organisations are seeking to deploy solutions with minimal IT overhead, use an architecture that is open and organisation-agnostic, and most importantly, use the same set of results to stress test all possible scenarios and outcomes."

Kamakura Corporation is the first software company in the world to provide a single, fully integrated software package that performs critical functions previously requiring multiple vendors. Provided with full access to modeling details and underlying mathematics, Kamakura's clients have never failed to successfully operate the Kamakura Risk Manager system on their site with their data. Please visit www.kamakuraco.com.

Please contact:
Martin Zorn
President and COO
1-808-791-9888, ext.8700
pressroom@kamakuraco.com
www.kamakuraco.com
www.kris-online.com



Nov 16, 2017 19:00 HKT/SGT
Topic: Contract Awarded
Sectors: Investors/Exchanges, Banking
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From the Asia Corporate News Network


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