Credit Guarantee Corp. Malaysia Berhad Accelerates Risk ...

PETALING JAYA, Malaysia, Sep 20, 2011 (BUSINESS WIRE) ?
To enhance its overall risk management system and improve small and
medium enterprises (SME) portfolio management and outreach, Credit
Guarantee Corp. Malaysia Berhad (CGC) selected SAS, the leader in business
analytics software and services.

With SAS
Enterprise GRC, SAS
Financial Management and SAS
Business Analytics, CGC expects greater efficiency in risk data
reporting and analysis. Centralizing CGC?s risk data storage, SAS will
quickly trigger alerts when CGC?s risk appetite rules are violated. The
quick identification of potential problems helps CGC better manage its
risk exposure and provide more effective loan quality.

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

?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,? said Datuk Wan Azhar Wan
Ahmad, CGC?s Managing Director.

Datuk Wan Azhar added that the dynamic risk management system reflects
CGC?s resolve to further expand its outreach to all sectors of the
economy. ?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.?

Datuk Wan Azhar further stressed that the faster and more reliable risk
reporting system aligns with CGC?s efforts to improve its loan quality
and continually enhance services to the SMEs that form a vital segment
of the economy.

?Over the past 35 years, we?ve helped companies like CGC meet their
objectives by combining innovation and a passion for business
analytics,? said Andrew Tan, SAS Malaysia?s Managing Director. ?We see
CGC benefiting greatly from faster and more reliable risk reporting.?

Tan added, ?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.?

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

About CGC

CGC was established on 5 July 1972. Current shareholders are Bank Negara
Malaysia (major shareholder) and all commercial banks. The business
focus of CGC is to assist SMEs, especially those without or with
inadequate collateral and track record, to obtain credit facilities from
financial institutions by providing guarantee cover on such facilities.
The organization has 16 branches nationwide. To date, it has
cumulatively guaranteed more than 400,000 loans valued at RM47.0 billion.

About SAS

SAS is the leader in business
analytics software and services, and the largest independent vendor
in the business intelligence market. Through innovative solutions, SAS
helps customers at more than 50,000 sites improve performance and
deliver value by making better decisions faster. Since 1976 SAS has been
giving customers around the world THE POWER TO KNOW(R). SAS
and all other SAS Institute Inc. product or service names are registered
trademarks or trademarks of SAS Institute Inc. in the USA and other
countries. (R) indicates USA registration. Other brand and product names
are trademarks of their respective companies. Copyright (C) 2011 SAS
Institute Inc. All rights reserved.

SOURCE: SAS

          SAS         Sui Pei Chong, +60 3 2273 6288         suipei.chong@sas.com   www.sas.com/presscenter            or         PiPR Consultancy Sdn Bhd         Lynn Lee         Tel: 03- 7724 1710/ 012 323 4244         lynnlee@pipr.com.my   www.pipr.com.my             

Copyright Business Wire 2011

Article source: http://www.marketwatch.com/story/credit-guarantee-corp-malaysia-berhad-accelerates-risk-management-program-with-sasr-2011-09-20

Source: http://leomoo.com/2011/09/credit-guarantee-corp-malaysia-berhad-accelerates-risk-management-program/

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