ABBANK has partnered with Thakral One to implement an automated credit scoring engine to streamline the risk calculation process for their customers.

An Binh Commercial Joint Stock Bank (ABBANK), a leading joint stock commercial bank in Vietnam with special focus on retail banking, has partnered with Thakral One, a Singapore-based technology consulting and services firm, to implement an automated credit scoring engine to streamline the risk calculation process for their customers. Using advanced analytics, the enhanced approach eliminates manual processing and enables faster credit decisions that improve customer experience. It will also contribute to a better revenue and compliance position by reducing risky debts and by being consistently aligned with credit scoring regulations.

"ABBANK's Board of Directors has identified this as is one of the key projects of the bank, aiming to build a system that can support credit decision making quickly and effectively, thereby minimizing qualitative risks, bringing significant and long-term business performance”, says Mr. Nguyen Manh Quan, Acting General Director of ABBANK, during the signing ceremony. “The cooperation with experienced partners such as Thakral One, will help ABBANK not only to efficiently implement and operate SAS solutions, but also learn more practical implementation approaches at home and abroad."

“Investing in leading decision management and analytics capabilities will enable ABBANK to significantly improve their time to market, enhance capability to scale, and better manage risks” says Bikram Singh Thakral, CEO of Thakral One. “Thakral One is humbled to be embarking on this data-driven journey with ABBANK.”

Built using the SAS Intelligent Decisioning Solution which is powered by  Intel® Xeon® Scalable processors with built-in AI accelerators and optimized for performance with Intel® Math Kernel Library (Intel® MKL), the system gathers data elements that cover the entire credit management process. The decision orchestration engine combines statistically reliable information with leading data analytics features and extensive model inventory.

ABBANK will be able to assess the creditworthiness of loan applicants using policies that evaluate existing bank records and external sources that provide customer and financial information. All this information is ingested by analytical models that help determine credit and fraud risks. A credit score is then identified to arrive at a decision.

“We are glad to partner with Thakral One in providing the advanced analytics capabilities to support the decisioning requirements of ABBank. SAS Intelligent Decisioning is an industry- and analyst-recognized technology that helps fast-track and empower smarter decision-making, improving time to execute and yet allows for ease of management in a governed environment. We understand the importance of making accurate and timely decisions within ABBANK and therefore, the technology from SAS incorporates the use of artificial intelligence (AI) and machine learning (ML) models to support this”, says Cheam Tat Inn, Managing Director (Malaysia), SAS.

With SAS Intelligent Decisioning – combining comprehensive capabilities in statistics, decision orchestration, governance, business rule management, and advanced analytics – SAS, Thakral One, and Intel are transforming how established financial institutions, like ABBANK in Vietnam, address risk management challenges by embracing digital and cutting-edge solutions.