Caption:
Picture 1 -  En. Kamarul Ariffin Mohd Jamil, Group CEO, AFFIN Bank Group (left), with Wael Jadallah, Managing Director Asia, Moody's Analytics (right) at the signing ceremony.

Picture 2 -  En. Kamarul Ariffin Mohd Jamil, Group CEO, AFFIN Bank Group (fifth from left), Wong Kok Leong, Group Chief Risk Officer, AFFIN Bank Group (third from right),Wael Jadallah, Managing Director Asia, Moody's Analytics (seventh from right), Mourid Nasri, Country Manager, Moody's Analytics (second from left), with AFFIN Bank Group senior management at the signing ceremony.

KUALA LUMPUR – AFFINBANK Group ("AFFIN") has formalized an agreement with Moody's Analytics to further expand and enhance the risk management capabilities of AFFIN.

AFFIN embarked on the journey with Moody's Analytics as its risk technology partner for Asset Liability Management ("ALM") system in year 2014. The implemented ALM system facilitates and articulates risk management across various business units, which resulted in more robust risk management across AFFIN.

The upcoming expansion and enhancement of AFFIN's ALM system is expected to enable a more forward-looking approach in risk management, improve integrated strategic planning and promote better risk-reward decision making across AFFIN.

"The enhanced ALM system will increase the asset liability management analytics capabilities and facilitates readiness for more advanced risk practices. It is important that we embrace technology as a key enabler to operate efficiently and effectively to meet the demands of our customers in today's highly competitive environment and fast changing regulatory landscape," said En. Kamarul Ariffin Mohd Jamil, Group Chief Executive Officer, AFFIN Bank Berhad, at the signing ceremony which was held at Menara AFFIN.

"We are delighted that AFFIN has selected Moody's Analytics solutions to meet its business and regulatory requirements," said Wael Jadallah, Managing Director Asia at Moody's Analytics. "As risk management objectives within financial organizations continue to evolve, our solutions help clients to manage their compliance needs efficiently and confidently."

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For media enquiries, kindly contact:-

Raja Emylia Raja Lope Ahmad   
Head, Corporate Communications
Affin Bank Berhad

Direct Line   : +6 03 2055 9428
Fax no.         : +6 03 2020 1144
Email        : head.corpcomm@affinbank.com.my        

Darlene Liew
Senior Executive, Corporate Communications
Affin Bank Berhad

Direct Line   : +6 03 2055 9034
Fax no.         : +6 03 2020 1144
Email        :  darleneliew@affinbank.com.my        

About AFFINBANK Group

The AFFINBANK Group is a financial services conglomerate. The AFFINBANK Group's activities focus on commercial, Islamic and investment banking services, money broking, asset management and underwriting of life and general insurance business.

AFFINBANK Group provides a suite of financial products and services that is catered to both retail and corporate customers. The target business segments are categorized under key business units such as Consumer Banking, SME & Commercial Business Banking, Corporate & Public Sector Business Banking and Treasury.

Our tagline of "Banking Without Barriers" signifies the removal of boundaries within the processes of the Bank as well as it's attitude in servicing its customers. The latter means reaching out to the customers, improving relationships with them, making each one of them feel privileged and enhancing a new approach to banking and changing the face of conventional banking.

AFFINBANK Group also provides Islamic banking products and services via its Islamic banking subsidiary Affin Islamic Bank Berhad (AFFIN ISLAMIC). AFFIN ISLAMIC commenced operations on 1st April 2006 as a full-fledged Islamic bank, and offers a complete range of Islamic Banking products and services for individuals and corporates which are in compliance with Shariah principles and laws.

As at 31 December 2017, AFFINBANK has a network of 107 branches in Malaysia. For more information, log on to www.affinbank.com.my or visit any of the AFFINBANK or AFFIN ISLAMIC branches nationwide.

About Moody's Analytics

Moody's Analytics provides financial intelligence and analytical tools supporting our clients' growth, efficiency, and risk management objectives. The combination of our unparalleled expertise in risk, expansive information resources, and innovative application of technology helps today's business leaders confidently navigate an evolving marketplace. We are recognized for our industry-leading solutions, comprising research, data, software and professional services, assembled to deliver a seamless customer experience. Thousands of organizations worldwide have made us their trusted partner because of our uncompromising commitment to quality, client service, and integrity.

Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO). MCO reported revenue of $4.2 billion in 2017 employs approximately 11,900 people worldwide and maintains a presence in 41 countries. Further information about Moody's Analytics is available at www.moodysanalytics.com.