Thakral One won the SBR Technology Excellence Awards 2024 for its automated credit decisioning system for ABBANK, a leading Vietnamese bank. The SAS technology-powered solution, which automates critical checkpoints and uses real-time data analysis, streamlined the credit decisioning process, expedited approvals, and enhanced customer experience, demonstrating the transformative power of technology in the banking sector.
A hallmark feature of the solution lies in its ability to integrate with diverse data sources, overcoming challenges such as data latency and compatibility issues. Data consolidation in real-time empowers ABBANK with holistic risk assessment capabilities, facilitating informed, data-driven decisions. Moreover, the solution incorporates advanced analytics functionalities, providing ABBANK invaluable insights for proactive risk management. It brings the bank a unique platform that combines SAS analytics and Thakral One’s risk model deployment expertise.
Thakral One’s team of skilled consultants played a pivotal role in ensuring the seamless implementation of the technology, providing bespoke services and expertise tailored to ABBANK’s unique requirements.
“Thakral One is honored to have played a pivotal role in supporting ABBANK’s vision of digital transformation that brings positive impact to their customers,” says Bikram Singh Thakral, CEO of Thakral One. “This recognition reaffirms our commitment to deliver innovation that drives tangible business outcomes for our clients.”
The automated credit decisioning system enhances operational efficiency and reinforces ABBANK’s position as a leader in prompt and accurate credit risk assessment. By adhering to standardized, governed, and correct practices, ABBANK ensures fairness, compliance, and regulatory adherence, instilling stakeholder trust.
“Advanced analytics of SAS Risk Modelling & Intelligent Decisioning enabled us to have deeper lender insights. By automating the credit risk management process, we could quickly evaluate loan applications and make better credit decisions. This reduced the likelihood of defaults and non-performing loans, thus reducing the overall risk.” said Mr. Pham Duy Hieu, A.CEO of ABBANK.
The collaborative effort between Thakral One, ABBANK, and SAS extends beyond immediate efficiencies. The solution lays a solid foundation for ABBANK’s customer-centric transformation journey, enabling better integration with other systems and ensuring scalability and adaptability in an ever-evolving digital landscape.
“We are glad to help ABBANK enable accurate credit decisions to reduce overall risk of credit loans through the SAS Risk Modelling & Decisioning solution, helping to enhance productivity and streamlining processes at the bank. We look forward to more opportunities for future partnerships with Thakral One and ABBANK to bring SAS innovations to banking in Vietnam and the region,” said Amir Sohrabi, Regional Vice President, ASEAN & Korea, SAS Institute.
SBR Technology Excellence Awards recognizes exceptional companies in Singapore that are riding the digital disruption wave and leading the technological revolution and digital journeys of their respective industries.
Singapore Business Review Magazine presents the SBR Technology Excellence Awards. To view the full list of winners, click here. If you want to join the 2025 awards programme and be acclaimed for your company’s outstanding contributions in pursuit of technological innovation, please contact Jane Patiag at jane@charltonmediamail.com.
