Thakral One Wins SBR Technology Excellence Awards 2024 for Revolutionising Credit Decisioning at ABBANK

Redefining Banking Efficiency with Decision Automation and Advanced Analytics.

Testament to the transformative power of technology in the banking sector, Thakral One clinched top honours at the esteemed SBR Technology Excellence Awards 2024. The accolade recognises the technology consulting and services company’s implementation of an automated credit decisioning system for ABBANK, a leading joint-stock bank in Vietnam.

The pioneering solution, powered by SAS technology, enabled efficiencies in ABBANK's operations. By automating critical checkpoints and harnessing real-time data analysis, the system helped streamline ABBANK's credit decisioning process, expediting approvals and enhancing customer experience.

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 with 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 honoured 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 not only enhances operational efficiency but also reinforces ABBANK's position as a leader in prompt and accurate credit risk assessment. By adhering to standardised, governed, and accurate practices, ABBANK ensures fairness, compliance, and regulatory adherence, thereby instilling trust amongst stakeholders.

“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 recognises exceptional companies in Singapore that are riding the digital disruption wave and leading the technological revolution and digital journeys of their respective industries.

The SBR Technology Excellence Awards is presented by Singapore Business Review Magazine. 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 [email protected].