Mastering Risk Management and Compliance in Banking & Finance Industry In the ever-evolving banking and financial landscape, effective risk management and stringent compliance are paramount. Banking and financial institutions face increasing pressure to not only meet regulatory requirements but also to proactively manage risks in a complex and dynamic environment. Failure to do so can result in significant financial and reputational damage. Votum Suite is a comprehensive solution designed specifically for these challenges. The suite equips institutions with the tools necessary to manage risk and ensure compliance across all operations. By providing advanced analytics, automated reporting, and real-time monitoring, Votum Suite helps institutions mitigate risks and meet regulatory demands efficiently and effectively. ‘Votum’ is a Latin word meaning ‘vow’ or ‘promise’. Our promise reflects our unwavering commitment to promoting a greener, more sustainable banking ecosystem. Our solutions Votum XSCOR A companion partner for banks, providing the flexibility and efficiency you expect from a leading credit scoring system. Votum AFC Comprehensive fraud detection and risk management solutions for financial institutions. Votum CARS An automated system that calculates capital adequacy ratios according to the standards set by the Basel Committee. Votum IFRS9 The first and only software in Vietnam designed to help banks and financial institutions overcome the challenges of implementing International Financial Reporting Standards (IFRS). Votum SBRS Streamline regulatory reporting, making it easier to submit reports to the State Bank of Vietnam (SBV). Key benefits Comprehensive Risk Management Votum Suite provides robust tools for identifying, assessing, and mitigating financial risks, ensuring that institutions remain resilient in the face of uncertainty. Regulatory Compliance Assurance With built-in features that align with current regulations, Votum Suite helps institutions maintain compliance and avoid penalties. Real-Time Monitoring and Reporting Continuous monitoring and automated reporting allow for immediate responses to potential risks and ensure that compliance is maintained at all times. Scalable and Adaptable The modular design of Votum Suite allows institutions to scale and adapt the solution as regulations evolve and business needs change. Operational Efficiency By automating routine compliance tasks and integrating risk management into daily operations, Votum Suite reduces the operational burden and enhances overall efficiency.
Our solutions Votum XSCOR Votum AFC Votum CARS Votum IFRS9 Votum SBRS A companion partner for banks Votum XSCOR is not only a credit rating solution but also a companion partner for banks, providing the flexibility and efficiency you expect from a leading credit scoring system. Main Objectives Diverse Credit Scoring Models: Supports a variety of risk models, including statistical, data analysis, and machine learning models, offering flexibility in credit assessments. Custom Model Integration: Provides a flexible interface for users to create and manage their scoring models. Real-Time Performance: Delivers high-performance credit scoring in real-time. Advanced Data Integration: Integrates analytical data from multiple sources, such as CIC, financial reports, and historical customer data, for accurate and fast scoring results. Key features Scoring Model Management Allows users to define various credit scoring models with features for Excel uploads and formula declaration. Real-Time Scoring Integrated APIs receive data and return results instantly. Batch Scoring Enables scoring of multiple credit records in a single session. Model Deployment Supports multiple deployment methods for machine learning models, including parameter declaration, code integration, or packaging as a pickle file. Security and Data Protection Includes encryption, multi-factor authentication, and user access control features for enhanced security. Key benefits Reliable Scoring Results Combines customer data with scoring models to ensure high accuracy and reliability. Increased Efficiency Users interact only with loan origination systems to create credit records, integrating directly into the Credit Scoring system without multiple data entries. Easy Integration Flexible integration methods, including API and batch processing, connect seamlessly with any loan origination system. Provides APIs to connect with CIC for data queries, ensuring quick and scalable credit scoring processes. Comprehensive fraud detection and risk management solutions Votum AFC is designed to provide comprehensive fraud detection and risk management solutions for financial institutions. It integrates advanced data analysis and machine learning techniques to ensure real-time monitoring, accurate risk scoring, and regulatory compliance. Main Objectives Fraud Detection Tools: Seek effective solutions for early fraud detection and a comprehensive system-wide fraud prevention strategy. Automated Risk Management: Simplify complex risk factors by automating identification and reporting processes for quick detection of suspicious activities. Adaptive Fraud Prevention: Use advanced technology for real-time data integration and customer behavior monitoring to overcome traditional method limitations. Regulatory Adherence: Ensure compliance with increasing regulations through tech-driven solutions that enhance economic stability. Innovative Adaptation: Prevent obsolescence by adopting modern anti-money laundering solutions for sustained success and market relevance. Key features Risk List Management Set up or customize Risk Management Lists for the monitoring and detection system. Real-Time Scanning Capture transaction and customer information in real-time, checking against configured risk lists. Periodic Risk Scoring Score and classify customer risk levels, with configurable weights for each criterion. Flexible Detection Rules Customize rules to monitor and detect emerging transactions. Alert Management Prioritize alerts based on scores, track case statuses, adjust risk decision rules, and implement a maker-checker process. Key benefits Fraud Detection Prevent criminals from using financial institutions to hide or transfer illicit funds, ensuring the financial system’s integrity and security. Compliance and Risk Reduction Minimize money laundering risks, stay updated with regulations, and maintain a documented compliance trail to avoid penalties. Reputation Enhancement Show commitment to fighting financial crime, boosting credibility among customers and partners. Resource Efficiency Automate and streamline the identification of suspicious cases, reducing workload and costs for human analysts, and improving efficiency and accuracy. An automated system that calculates capital adequacy ratios Votum CARS is an automated system that calculates capital adequacy ratios according to the standards set by the Basel Committee, assisting banks in effectively managing risk in their financial operations. Main Objectives Automate CAR (Capital Adequacy Ratio) Calculation: Accuracy: Ensures precise results with large input data and complex calculations. Fast Results: Advanced technology delivers high-speed processing Optimize Capital Costs: Uses three risk mitigation methods (Even Allocation, Waterfall, Simplex LP) to minimize risk-bearing assets and save capital. Data Integration: Seamlessly integrates data from internal and external sources for accurate, timely calculations. Key Features Portfolio and Parameter Management Declare portfolio types and parameters for Basel capital adequacy calculations. Risk Group Management – Define rules for asset classification, risk factors, and risk-bearing asset calculations per Basel standards. – Use three methods for credit risk mitigation to optimize risk-weighted assets. System Operation Configure the Basel capital adequacy ratio calculation process. Reporting Access reports on Credit Risk, Operational Risk, Market Risk, and Capital Adequacy Ratio. System Administration Manage access logs, processing logs, users, and user groups. Key benefits Accuracy Automated calculations improve precision and reduce errors compared to manual methods. Process Automation Saves time and effort, allowing employees to focus on complex tasks and strategic management. Risk Reduction Minimizes errors by eliminating the human factor in calculations. Risk Management Optimization Provides accurate, timely information for better decision-making on capital adequacy. Regulatory Compliance Ensures adherence to industry standards and regulatory requirements. Enhanced Security Robust security measures protect financial data from unauthorized access. Help banks implement IFRS Votum IFRS9 is the first and only software in Vietnam designed to help banks and financial institutions overcome the challenges of implementing International Financial Reporting Standards (IFRS). Main Objectives IFRS 9 Compliance: Implement financial reporting according to international standards. Classification and Measurement of Financial Instruments. Automated ECL Calculation: Automatically calculate Expected Credit Loss (ECL) for each financial instrument. Diverse Models: Support hosting various models for Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD). Easy Integration: Integrate data from core systems, card systems, credit rating systems, etc. Analytical Reporting: Generate IFRS 9 compliant disclosure reports and internal management and analytical reports. Key features Parameter Management Declare parameters for portfolios and IFRS 9 classification rules. Risk Model Management Declare variables, parameters, and scenarios for risk models. Manual Data Management Enter, approve, and track manually collected data. System Administration Manage access logs, user data, user permissions, and data. Key benefits Automated Reporting Provides international standard financial reports, alert reports for information needing review, and analytical and internal management reports. ECL Calculation Calculates ECL for each financial instrument, supporting provisioning, risk management, and management decision-making. Comprehensive Classification and Measurement Classifies and measures Fair Value (FV), Gross Carrying Value (GCV), and Amortized Cost (AC) across the entire portfolio of the bank’s financial instruments (including both liabilities and assets). Votum SBRS streamlines regulatory reporting, making it easier to submit reports to the State Bank of Vietnam (SBV). The product enhances data accuracy and consistency through robust validation processes. It automates data processing to improve operational efficiency, reducing manual efforts and speeding up report output. Key Features Comprehensive Reporting Modules: Includes modules for SBV Reports, Finance Reports, CIC Reports, Loan Group Classification, DIV Statistic Reports, AML Reports, CAR Calculation, and other customizable reports. Advanced Data Processing: Supports automated data import, mapping, transformation, and batch processing, ensuring efficient handling of large datasets. User-friendly Interface: Provides a multi-language, centralized management interface with features for user profile management, security settings, and audit logs. Seamless Integration: Capable of integrating with various data sources and external systems through APIs, ensuring smooth data flow and interoperability. Scalability and Performance: Designed to handle large data volumes and high transaction loads, ensuring quick data processing and report generation. Key benefits Regulatory Compliance Ensures compliance with the latest regulations and standards set by the State Bank of Vietnam and other regulatory bodies. Efficiency and Automation Automates data processing and report generation, significantly reducing manual workload and minimizing the risk of human error. Data Accuracy and Consistency Provides robust tools for data validation, ensuring accurate and consistent data across all reports. Scalability The system is scalable to accommodate growing data volumes and can handle high transaction loads efficiently. User-friendly Offers an intuitive, multi-language interface that simplifies user interaction and administration tasks.
News & Insights View all 20 February, 2025 Shinhan Life and FPT Form Strategic Partnership to Leverage AI in Insurance Industry Digital Transformation Shinhan Life Insurance Corporation (Shinhan Life) and FPT Corporation have officially signed a Memorandum of Understanding (MoU), marking a significant milestone in the global-scale digital transformation journey of the leading South Korean insurance company. Shinhan Life and FPT Expand Comprehensive Collaboration in Digital and Green Transformation. Building upon the... 15 January, 2025 Three FPT technological solutions honored at the Make in Vietnam 2024 Awards 10 January, 2025 OCB pioneers the application of Oracle ExaC@C Database 23ai digital data solution in Vietnam 27 November, 2024 FPT joins IBM Technology Conference & Expo 2024 16 November, 2024 FPT and IBM Vietnam Discuss Artificial Intelligence and Big Data in the Banking Industry Search Search Technology Trends View all ERP - 27 February, 2025 ERP Application to Address Challenges in the Construction Industry The construction industry is inherently complex and diverse, which makes its challenges and difficulties equally varied and unpredictable, especially when implementing ERP systems. The following article provides insights into some of the key difficulties commonly encountered in the construction... See more 18 February, 2025 Warning: AI-Powered FunkSec Ransomware 13 February, 2025 Warning: New skimmer malware targets WordPress users to steal credit cards Experts Sharing - 21 October, 2024 Secure electronic contracts: The importance of timestamps Experts Sharing - 16 October, 2024 Secure e-contracts: Identity is key Data - 29 July, 2024 Automatic document digitalization for long-term archiving with iSoma
