Recent Activities and Events

Trust Bank Algeria successfully implements Risknucleus® Operational Risk Management solution - Dec, 2018


Trust Bank Algeria has successfully implemented BenchMatrix’s RiskNucleus® - Operational Risk Management solution to further strengthen its operational risk management framework.

Trust Bank Algeria is a member of the NEST INVESTMENTS HOLDING, LTD Group based in Cyprus and majority owned by members of the "Abu Nahl" family. Nest Investments Holding, Ltd. invests in a variety of industries, including banking and / or financial services, insurance, reinsurance, real estate development, industry and tourism. The group is present through its subsidiaries in twenty-two (22) countries including: Algeria, United States of America, Spain, England, Qatar, Cyprus, Bahrain, Jordan, Lebanon, Palestine, Saudi Arabia etc.


BenchMatrix’s Risknucleus® Operational Risk Management selected for automation at UBL - Nov, 2018


BenchMatrix has signed a contract with UBL for implementation of RiskNucleus® Operational Risk Management (ORM) Solution. The ORM solution enables the management to further strengthen its operational risk management framework.

United Bank Limited (UBL) leads the banking and financial services sector in Pakistan. With a customer base of over 4 million, the Bank boasts Pakistan’s widest network of over 40,000 customer touchpoints; this includes more than 1,400 branches, above 37,000 Omni Agents and over 1,400 ATMs. UBL has presence in four continents.


Orange Money selects BenchMatrix’s RiskNucleus® Governance, Risk and Compliance Solution to meet Regulatory Requirements - Nov, 2018


One of the fastest growing mobile money service providers in the region, currently servicing 40 million customers in 17 countries, selects Risknucleus® GRC – Solution.

Orange Money was rolled-out for the first time in December 2008, in Côte d'Ivoire, with basic services: cash-in and cash-out, airtime top-up, Orange bills payment. After an inconspicuous launch, Orange organizes a large advertising campaign in 2009 and reaches between 100,000 and 150,000 subscribers within a year.


GFH Bahrain Chooses BenchMatrix’s Compliance solution to meet regulatory requirements – Oct, 2018


GFH Bahrain has chosen BenchMatrix regulatory Compliance Management System that would help them ensure comprehensive enterprise-wide compliance effectively.

GFH is a well renowned financial group in the GCC region, with a diversified offering and pioneering track record. Headquartered in Bahrain, GFH’s innovative approach to Islamic investment banking services has been recognised internationally for over a decade. GFH has developed a strong and consistent ability to identify, successfully bring to market and capitalise on a wide range of solid investment opportunities in some of the world’s most dynamic markets and sectors. This approach signifies the Group’s investment insights and commitment to increase the value of its assets, and financial returns to its investors and shareholders.


Mobilink Microfinance Bank works with BenchMatrix’s to implement RiskNucleus® Compliance automating Compliance Risk Management framework - Sept, 2018


Mobilink Microfinance Bank works with BenchMatrix to lead the industry with automation of compliance risk management system.

Mobilink Microfinance Bank Limited (MMBL) is Pakistan's largest digital bank with over 15 million mobile wallets. Backed by Global Telecom - VEON Co., MMBL started operations in April 2012 and launched branch-less banking operations under the brand name JAZZCASH in partnership with Pakistan's largest telecom operator JAZZ in Nov 2012.


Askari Bank Limited successfully implements BenchMatrix’s Regulatory Compliance Management Solution for managing their regulatory activities - Sept, 2018


Askari Bank Limited BenchMatrix successfully implements RiskNucleus® Compliance to lead the industry with automation of compliance risk management system.

Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced operations on April 1, 1992, and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962. The Bank is listed on Pakistan Stock Exchange (earlier it was listed on Karachi, Lahore and Islamabad Stock Exchanges).


The First MicroFinanceBank Limited automates watch-list screening, transaction monitoring and risk assessment with BenchMatrix’s Anti-Money Laundering solution, RiskNucleus® – Aug, 2018


First MicrofinanceBank Limited and BenchMatrix are progressing ahead towards the automation of the Bank’s Anti-Money Laundering initiatives with the help of implementing Risk Nucleus® Anti-Money Laundering (AML) system.

The First MicroFinanceBank Ltd, Pakistan (FMFB-P) was established in 2002 as a nation-wide microfinance bank, licenced by the State Bank of Pakistan. FMFB-P was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Programme’s (AKRSP), an integrated development programme to pioneer the microfinance sector in the country since 1982 in Gilgit-Baltistan and Chitral. FMFB-P was established with the mission to respond to poverty and contributes to the social and economic well-being of society by providing opportunities to thousands of under-privileged households. Through targeted financial and multi-sectoral products and services based on the evolving needs of the poor, FMFB-P enables its clients to strengthen their entrepreneurial base and build financial, physical and human capital to secure their future.


ALUBAF Bank in Bahrain chooses BenchMatrix’s Compliance and Operational Risk Management solutions to meet Regulatory Requirements – Aug, 2018


ALUBAF Bank of Bahrain has chosen BenchMatrix to implement an automated regulatory Compliance Management System that would help them ensure comprehensive enterprise-wide compliance effectively and RiskNucleus® Operational Risk Management solution to further strengthen its operational risk management framework.

ALUBAF Arab International Bank B.S.C. (c) (the "Bank") is a closed Bahraini joint stock company incorporated in the Kingdom of Bahrain. The Bank operates under a wholesale banking license issued by the Central Bank of Bahrain the "CBB").

As a Wholesale commercial bank, the Bank is fully committed to meeting its strategic objectives and achieving solid growth while upholding, the highest standards of corporate governance. Such commitment is deeply rooted in its dedication to enhancing its compliance with all the applicable laws, regulations and best industry practices to the ultimate benefit of its shareholders, clients, employees and other stakeholders.


MCB Bank selects BenchMatrix’s RiskNucleus® Corporate LOS to automate loan origination, review and approval framework – Aug, 2018


MCB selects BenchMatrix RiskNucleus® Loan Origination system which is a comprehensive end-to-end tool that fully automates loan origination and approval processes.

MCB Bank is versed as one of the oldest and most responsible Banks in Pakistan and has played pivotal role in representing the country on global platforms while being one of the few institutions that are recognized and traded in the international market. The Bank has journeyed a remarkable tenure of more than half a century of competitively edged and well positioned heights of success by deploying quality banking, heads on technological developments, professionally leading management and prudent and ethical work methodologies.


Al Baraka Bank Step Towards Digitalization with BenchMatrix’s RiskNucleus® Compliance Risk Management Solution - Jul, 2018


Al Baraka Bank (Pakistan) Limited (ABPL) has selected BenchMatrix to implement an automated regulatory compliance risk management system that would further strengthen their compliance management controls.

It is part of ABPL’s commitment, to put the customer’s values foremost, hence providing them with a banking solution that is in line with their beliefs.

RiskNucleus®-Compliance Management System implementation at Al Baraka will enhance the monitoring of regulatory compliance policy through a complete, automated and up-to-date rule book / regulatory library mapped to key activities within the organization and enable regulatory compliance, compliance risk assessment, audit observation management, self-assessment, regulatory correspondence management, penalties and breaches management, key indicators reporting and control testing.


Telenor Microfinance Bank selects BenchMatrix’s Anti-Money Laundering solution - May, 2018


Telenor Microfinance Bank has selected BenchMatrix’s RiskNucleus® Anti-Money Laundering system which will perform customer risk assessments and monitor transactions through a fully configurable scenario manager.

RiskNucleus® AML is a complete anti-money laundering solution that satisfies all regulatory requirements and provides organizations with additional tools to protect themselves from legal, regulatory and reputational risks arising from money-laundering.


Al Ramz UAE, adopts BenchMatrix’s Compliance and Governance Solution – April, 2018


BenchMatrix has successfully implemented RiskNucleus® Compliance Solution in Al Ramz.RiskNucleus Compliance and Governance Solution allows organizations to comply with internal and external policies.

Al Ramz Corporation is a United Arab Emirates-based public shareholding company established in 1998 and listed in Dubai's Financial Market on the 5th of March 2007. With the support of our strategic partners, coupled with a highly qualified management team that professionally manages and oversees all aspects of operations, we constantly strive to provide our clients with specialist advice, active support and assistance for their financial operations.


Osool Modern Finance Company in KSA successfully implements BenchMatrix’s Anti-Money Laundering solution - Feb, 2018


Osool Modern KSA and BenchMatrix are progressing ahead towards the automation of the Bank’s Anti-Money Laundering initiatives with the help of implementing Risk Nucleus® Anti-Money Laundering system.

Osool Asset Management BSC(c) (Osool) fosters the focused vision of an independent, fully-fledged asset management Company. Its objectives are to deal in financial instruments as principal and agent, to provide management and advisory services relating to those financial instruments, and to direct collective investment undertakings.


Gulf Bank Kuwait selects BenchMatrix's RiskNucleus® Operational Risk Management – Mar, 2018


BenchMatrix has successfully selected RiskNucleus® Operational Risk Management (ORM) Solution in Kuwait Gulf Bank. The ORM solution enables the management to further strengthen its operational risk management framework.

Gulf Bank is one of the leading conventional banks in Kuwait with total assets of KD 5,683 million for year ended 31 December 2017. The Bank provides a broad offering of consumer banking, wholesale banking, treasury, and financial services through its large network of 58 branches and more than 200 ATMs in Kuwait.


Khushhali Microfinance Bank Limited Selects BenchMatrix’s RiskNucleus Governance and Compliance Solution to meet regulatory requirements - Mar, 2018


Khushhali Microfinance Bank Limited has selected BenchMatrix to implement an automated regulatory Compliance Management System that would help them ensure comprehensive enterprise-wide compliance effectively.

RiskNucleus® Compliance Management System’s implementation will enhance the monitoring of regulatory compliance policy through a complete automated rule book library mapped to key activities within the organization and enable effective compliance risk management, observation management and self-assessment.

Commenting on this, Ghalib Nishtar, President & CEO , Khushhalibank, said: “Khushhalibank is actively pursuing and investing in technology and solutions that strengthen Governance & ensure high degree of compliance ”.


U Bank automates watch list screening, transaction monitoring and risk assessment through BenchMatrix’s Anti-Money Laundering solution, RiskNucleus® – Jan, 2018


To align its existing anti-money laundering framework with increasingly complex regulatory requirements. U Bank automates BenchMatrix’s RiskNucleus® Anti-Money Laundering application.

U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – Etisalat Company. The bank has a network of 141 touch points, across 108 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products, and branchless banking solutions. U Bank’s branchless banking offers services under the banner of U Paisa in collaboration with Ufone (Pak Telecom Mobile Limited). The service is offered at nearly 45,000 agent locations across Pakistan.


Faysal Bank appoints BenchMatrix for automation of Enterprise Risk Management and Risk Rating - Dec, 2017


Faysal Bank Limited, one of the leading banks of Pakistan has selected BenchMatrix to implement an automated Enterprise Risk Management and Risk Rating (ORR/FRR) System. This would help Faysal Bank to ensure comprehensive enterprise-wide compliance effectively and workflow based automation of Risk Rating in its Loan Origination process.

Faysal Bank Limited was incorporated in Pakistan on October 3rd, 1994 as a Public Limited Company under the Companies Ordinance, 1984. The Bank’s shares are listed on Pakistan Stock Exchange. Faysal Bank is engaged in Commercial, Retail, Corporate and Islamic banking activities. Barkat is the dedicated Islamic Banking Division of Faysal Bank offering Shariah compliant banking products and services for all segments of the market through its 197 full-fledged Islamic banking branches.


NRSP Microfinance Bank leads the industry with automation of Anti-Money Laundering through Bench Matrix Risk Nucleus - Dec, 2017


NRSP Microfinance Bank Limited and BenchMatrix are progressing ahead towards the automation of the Bank’s Anti-Money Laundering initiatives with the help of implementing Risk Nucleus® Anti-Money Laundering (AML) system. The system will allow the company to successfully manage screening of customers, transactions, employees and more against sanctions list. It will ensure effective KYC/CDD review, perform customer risk assessments, monitor transactions through a fully configurable scenario manager and alert workflow module, and automate SAR and CTR reporting. It will also maintain necessary documents, and generate required reports.


Faysal Bank appoints BenchMatrix for automation of Regulatory Compliance, Enterprise Risk Management and Risk Ratings - Dec, 2017


Faysal Bank Limited, one of the leading banks of Pakistan has selected BenchMatrix to implement an automated Compliance Risk Management, Enterprise Risk Management and Risk Rating (ORR/FRR) System. This would help Faysal Bank to ensure comprehensive enterprise-wide compliance effectively along with regulatory reporting related to CAR, LCR & NSFR and workflow based automation of Risk Rating in its Loan Origination process.

RiskNucleus® Regulatory Compliance will enhance the monitoring of Faysal Bank’s compliance program through a complete, automated and up-to-date rule book library mapped to analysed the key activities within the organization and enable compliance risk management, observation management and self-assessment.

RiskNucleus® Enterprise Risk Management will also offer comprehensive functionalities to ensure that Faysal bank is adequately prepared to manage enhanced data maintenance and risk reporting requirements. The project covers Capital Adequacy Ratio, LCR, NSFR and other Liquidity Monitoring Tools.

Furthermore RiskNucleus® Risk Rating Engine will allow Faysal Bank to calculate ORR & FRR for its corporate, commercial and SME clients through a work flow based, configurable Risk Rating Engine. The system will be integrated with the Loan Origination System of the Bank in Real-time.


Samba Bank chooses BenchMatrix’s RiskNucleus Governance and Compliance Solution to meet the Regulatory Requirements - Nov, 2017


Samba Bank Limited is a majority owned subsidiary of Samba Financial Group of Saudi Arabia. The bank has selected BenchMatrix to implement an automated regulatory compliance management system in 37 branches that would help them ensure comprehensive enterprise-wide compliance effectively.

With this implementation, the bank will enhance monitoring of regulatory compliance policy through a complete, automated and up-to-date rule book library mapped to key activities within the organization and enable compliance risk management, observation management, self-assessment, and correspondence.

With the growth in the Bank’s customers and branches, and the recent Guidelines on Compliance Risk Management issued by the regulator, Samba Bank hopes to utilize RiskNucleus® Compliance Risk Management Solution to strengthen its framework ensuring effective management through automation of its key processes.


Nayifat Finance Company in KSA Partners with BenchMatrix for Stress Testing, Regulatory Compliance & Anti-Money Laundering – Oct, 2017


Nayifat Finance Company has selected BenchMatrix’s RiskNucleus® Anti-Money Laundering system which will include Stress Testing Framework & Model and Regulatory Compliance monitoring through a fully configurable scenario manager.

Nayifat Finance Company is an expanding finance company in Kingdom of Saudi Arabia. It is providing complied financial solutions with the Islamic Shari'a, and services.Nayifat Company is committed to providing the best choice for both individuals and Companies which follows Islamic Shari'a guidelines.


Al Salam Bank, a leading Islamic bank in Bahrain steps forward to implement BenchMatrix’s RiskNucleus® Consumer Financing Origination System – Oct, 2017


Al Salam Bank Bahrain is automating its consumer financing origination process by implementing BenchMatrix’s RiskNucleus® Consumer Financing Origination System.

Al Salam Bank-Bahrain B.S.C (ASBB) is an Islamic bank headquartered in the Kingdom of Bahrain and is licensed and regulated by the Central Bank of Bahrain.ASBB was established on 19 January 2006 in the Kingdom of Bahrain with paid-up capital of BD 120 million (US$ 318 million) and was the largest Initial Public Offering (IPO) in the Kingdom’s history with subscriptions reaching over BD 2.7 billion (US$ 7 billion). The Bank commenced commercial operations on 17 April 2006. ASBB was listed in Bahrain Bourse on 27 April 2006 and subsequently on Dubai Financial Market (DFM) on 26 March 2008. BenchMatrix’s RiskNucleus® Consumer Financing Origination is a comprehensive end-to-end tool that fully automates the key processes of financing i.e. origination, appraisal and approval processes.


Bank of Khyber Digitalization with BenchMatrix’s RiskNucleus® Operational Risk Management - Oct, 2017


Bank of Khyber (BOK) and BenchMatrix are working together to move towards successful digital transformation and automation of the Bank’s Operational Risk Management (ORM) framework by implementing RiskNucleus® Operational Risk Management across its network of over 165 branches in Pakistan. With roll-out expected in November, this system will allow the bank to successfully manage risk and meeting regulatory requirements while lowering the associated costs. It will also simplify the process of loss data collection and analysis, and strengthen risk monitoring and measurement through the Risk and Control Self-Assessment (RCSA) and Key Risk Indicator (KRI) monitoring modules.

In addition to the system implementation, BenchMatrix is also assisting BOK in aligning of its current ORM Framework with industry best practice and regulatory requirements. This includes updating the operational risk policy, procedures and committee mandate, conducting RCSA and setup of KRIs for the support and business units of the Bank


Soneri Bank Digitalization with BenchMatrix’s RiskNucleus® Consumer Loan Origination System - Oct, 2017


Soneri Bank Limited is automating its Consumer Loan Origination process by implementing BenchMatrix’s RiskNucleus® Consumer Loan Origination system across its network of over 285 branches Pan-Pakistan. This system will transform the bank towards a paper-less environment and enhance efficiencies with quick turn-around time (TAT) and enhanced customer experience. The system will also improve process reliability by providing the Bank with more robust system-based controls in the loan review and approval request cycle.

Soneri Bank with its recent strategic alliances with BenchMatrix’s RiskNucleus® brings together the combined expertise of the companies on one common platform, with mutual goals for successful digital transformation.


GIB Bahrain chooses BenchMatrix for Operational Risk Management services – Sept, 2017


GIB has selected BenchMatrix for Advisory Services related to Operational Risk Management. These services enable the Bank and its management to further strengthen its operational risk management framework.

Gulf International Bank B.S.C. (GIB) was established in the Kingdom of Bahrain in 1975, and commenced operations in 1976. In 2017, GIB became the first foreign domiciled bank to be granted approval from the Saudi Arabia Council of Ministers to establish a local commercial bank in the Kingdom of Saudi Arabia.


8th Bank in Bahrain selects Compliance solution of BenchMatrix's to manage regulatory requirements - Aug, 2017


The bank has selected to implement an automated regulatory compliance management system that would help them ensure comprehensive enterprise-wide compliance effectively.

With this implementation, the bank will enhance monitoring of regulatory compliance policy through a complete, automated and up-to-date rule book library mapped to key activities within the organization.

This implementation comes on the heels of 7 other successful implementations of BenchMatrix’s compliance management product at leading organizations in the Bahrain, suggesting that organizations are increasingly looking towards automation to manage growing complexity in the regulatory environment.


A Leading Financial Institution in Kingdom of Saudia Chooses BenchMatrix’s Compliance and AML Solutions to Meet Regulatory Requirements – Jul, 2017


As organizations increasingly look towards automation to manage growing complexity in the regulatory environment, BenchMatrix offers a comprehensive yet cost-effective solution to meet these emerging challenges.

Following 7 years of product implementation success in the broader MENA region, BenchMatrix has expanded its reach to Saudi Arabia with the implementation of RiskNucleus© Compliance and Anti-Money Laundering at a wholly-owned company of a major Saudi bank.

With this implementation, the financial institution seeks to simplify regulatory compliance monitoring and enable automated transaction monitoring, watch list screening, customer risk assessment and KYC review to both fulfill its regulatory requirements and protect itself from legal, regulatory and reputational risks arising from money laundering.


Burgan Bank Turkey moves toward digitalization with BenchMatrix’s RiskNucleus® Operational Risk Management – June, 2017


Burgan Bank Turkey Digitalization with BenchMatrix’s RiskNucleus® Operational Risk Management to further strengthen its operational risk management framework.

Established under the name of Tekfen Yatırım Finansman Bankası A.Ş. in 1989, the Bank quickly joined the ranks of Turkey’s most prestigious financial institutions in the areas of corporate and investment banking. In 2001, it took over the Bank Ekspres in accordance with its growth plans and with the decision of enhancing its experience in the field of commercial banking. In 2007, Tekfen Group got into partnership with Eurobank EFG and continued to carry out its activities under the name of Eurobank Tekfen A.Ş.


Meezan Bank selects BenchMatrix’s RiskNucleus® to Automate Financing Origination and Approval Framework across 500+ Branches – Mar, 2017


Meezan Bank, Pakistan’s first and largest Islamic bank has selected BenchMatrix Solutions W.L.L. - a Bahrain-based advisory services and software solutions provider for implementation of its state-of-the-art Financing Origination System (FOS). The application, namely, Risk Nucleus® Financing Origination System, shall automate the end-to-end cycle of financial request review and will be implemented at Meezan Bank’s 571 branches across Pakistan. Implementation of this automated work-flow-based system will accelerate Meezan Bank’s financing approval process by digitizing the currently used manual system and allow the Bank to go paperless. It will also improve process efficiency levels by providing the Bank with more system-based controls and reducing the overall time it takes for taking a decision on a financing request.


BiSB Bahrain selects BenchMatrix’s RiskNucleus® Regulatory Compliance & Governance Solution – Feb, 2017


One of the premier Islamic Banks in Bahrain partners with BenchMatrix for implementation of Compliance & Governance solutions to improve efficiency in its daily compliance activities.

Incorporated in 1979 as the first Islamic bank in the Kingdom of Bahrain, and the fourth in the GCC. Bahrain Islamic Bank (BisB) has played a pivotal role in the development of the Islamic banking industry and the Kingdom’s economy. At the end of 2017, the Bank’s paid up capital was BD 101 million, while total assets stood at BD 1,229 million. The Bank’s modern branch network comprises 4 branches, 4 innovative financial malls, and 51 ATMs located throughout the Kingdom.

With investment in technology, the bank aims to enhance its internal governance and strengthen compliance with regulator-led requirements; and also to attract more business through prudent management. Islamic Bank eyes its expansion in business to be technology driven and considers RiskNucleus® Compliance and Governance solution as an integral tool for effective management in an ever-changing regulatory environment.


Samba Bank Pakistan moves towards automation of Retail Credit Loan Origination through BenchMatrix’s RiskNucleus© LOS Product – Jan, 2017


Samba Bank Limited, a majority-owned subsidiary of the Riyadh-based Samba Financial Group, has selected BenchMatrix’s Retail Loan Origination System (LOS) to automate its consumer lending process at all 37 of its branches and moving towards a fully paper-less environment.

By automating the consumer lending process, the bank seeks to bring about improvements in its consumer lending and risk management process by enhancing internal and regulatory limit management, simplifying documentation management and collateral assessment, strengthening internal policy management and substantially reducing turn-around-time for loan applicants.


Allied Bank Selects BenchMatrix’s RiskNucleus® Governance and Compliance Solution to Meet Rising Compliance Management Needs - Lahore, Pakistan – May, 2016


BenchMatrix welcomes the opportunity to work with one of the largest banks in Pakistan to modernize and strengthen governance and compliance management practices in the region

Bahrain-based BenchMatrix Solutions W.L.L., a leading advisory services and software solutions provider, has been selected by Allied Bank Limited (ABL), one of the 5 largest Pakistani banks, to implement its signature compliance management solution across the bank’s 1000 plus branches.

As the bank’s customer base, branches, products and services grow, ABL hopes to use RiskNucleus® Governance & Compliance to further strengthen its compliance management framework ensuring effective management of the ever-increasing regulatory compliance.

BenchMatrix also views this as a critical opportunity to revolutionize the way compliance is managed in the region. To achieve this end, BenchMatrix and ABL will collaborate to develop and implement comprehensive functionalities to manage and maintain SBP regulatory guidelines, inspections and ad hoc assessments along with the ability to monitor compliance KPIs and conduct control testing.


Benchmatrix’s Credit Risk Management Solution Is Live And Operational In NIB Bank Limited - Apr, 2016


BenchMatrix with the consent of NIB Bank’s management has successfully implemented RiskNucleus® Credit Risk Management Solution (RAPID) in NIB Bank Limited.

Established in 2003, NIB Bank is one of the largest foreign banks in Pakistan with an extensive branch network spread over 52 cities across the country. It is also one of the largest corporate entities of the country with a paid up capital of over PKR 103 billion.

With the roll-out of the application, the bank will successfully streamline the process of credit request’s origination, review and approval through this web based, fully configurable and integrated application. RiskNucleus® CRM RAPID is now live and operational in NIB Bank’s 170 plus branches for over 17 months .

The Scope of the RiskNucleus CRM encompasses both the Corporate and Investment Banking Group (CIBG) and the Commercial Banking Group (CBG) of NIB.

RiskNucleus Credit Risk Management (CRM) module will enable the Bank to process multiple loan types electronically through a single system, using multiple channels


Benchmatrix Risknucleus® ORM Successfully Deployed At Maltese Banking Group - Mar, 2016


A leading provider of trade finance, factoring and forfaiting solutions in Malta has successfully implemented BenchMatrix’s RiskNucleus® - Operational Risk Management solution to further strengthen its operational risk management framework.

Based in Malta, FIM Bank plc. is a leading provider of trade finance, factoring and forfaiting solutions. The FIM Bank Group has a global presence through its subsidiaries, branches, and sales and representative offices in Europe, North and South America, the Middle East, Russia, and South and South-East Asia. In 2013, the group became part of the Kuwaiti conglomerate KIPCO Group.

With the roll-out of the application in February, the bank hopes to simplify the process of loss data collection and analysis, conduct structured internal control testing, and strengthen risk monitoring and measurement through the RCSA and key indicator monitoring modules.


Benchmatrix Risknucleus® ORM Successfully Deployed At The Bank of Bahrain and Kuwait (BBK) - Mar, 2016


A leading provider of Banking, Financial and Investment services in Bahrain has successfully implemented BenchMatrix’s RiskNucleus® - Operational Risk Management solution to further strengthen its operational risk management framework.

BBK, formerly known as The Bank of Bahrain and Kuwait B.S.C, was established on 16th March 1971 in accordance with the Amiri decree and started operations a year later. BBK has been the pioneer in Commercial Banking for 41 years in the Kingdom of Bahrain.

With the roll-out of the application in February, the bank hopes to simplify the process of loss data collection and analysis, conduct structured internal control testing, and strengthen risk monitoring and measurement through the RCSA and key indicator monitoring modules.


Large Kuwaiti Bank Successfully Deploys Benchmatrix’s Risknucleus® ERM & Basel III Engine - Feb, 2016


One of the premier banks of Kuwait has successfully implemented BenchMatrix’s RiskNucleus® - Enterprise Risk Management & Basel III solution to enable group-wide risk data consolidation and facilitate regulatory and internal risk reporting

Established in 1977, Burgan Bank K.S.C. is the third largest bank in terms of assets in Kuwait and comprises of five majority owned subsidiaries strategically located across 7 countries in the MENAT region.

With the roll-out of the application in February, data from the bank and its subsidiaries in Turkey, Algeria, Jordan, Tunisia, Lebanon and Iraq will be aggregated into RiskNucleus Datamart. The bank can then simply extract reports through the integrated and fully configurable Basel III and risk reporting engine.


Large Kuwaiti Bank Successfully Implements Benchmatrix’s Risknucleus® ORM solution - Feb, 2016


One of the premier banks of Kuwait has successfully implemented BenchMatrix’s RiskNucleus® - Operational Risk Management solution to further strengthen its operational risk management framework.

Established in 1977, Burgan Bank K.S.C. is the third largest bank in terms of assets in Kuwait and comprises of five majority owned subsidiaries strategically located across 7 countries in the MENAT region.

With the roll-out of the application, the bank hopes to simplify the process of loss data collection and analysis, conduct structured internal control testing, and strengthen risk monitoring and measurement through the RCSA and key indicator monitoring modules


Soneri Bank Limited Implements BenchMatrix’s CRM Solution - Jan, 2016


BenchMatrix has successfully implemented RiskNucleus® Credit Risk Management (CRM) Solution in Soneri Bank Limited. The CRM solution enables the management to operate in a paper-free environment for credit initiations, review and approvals.

Incorporated in 1992, Soneri Bank Limited is a mid-sized Pakistani commercial bank with 260 branches in all major cities of the country.

With the roll-out of the application, the bank aims to streamline the process of credit request’s origination, review and approval through this web based, fully configurable and integrated application.

RiskNucleus® CRM is now live and operational in over 82 Soneri Bank branches for 6 months.


Algeria Gulf Bank Implements BenchMatrix’s ORM Solution - Jan, 2016


BenchMatrix has successfully implemented RiskNucleus® Operational Risk Management (ORM) Solution in Algeria Gulf Bank. The ORM solution enables the management to further strengthen its operational risk management framework

Algeria Gulf Bank S.p.A. offers banking services including loans and depositary services. The bank was founded in 2002 and is based in Algiers, Algeria. As of May 5, 2009, Algeria Gulf Bank S.p.A.

With the roll-out of the application, the bank hopes to simplify the process of loss data collection and analysis, conduct structured internal control testing, and strengthen risk monitoring and measurement through the RCSA and key indicator monitoring modules


Faysal Bank Successfully Implements BenchMatrix’s ORM Solution - Dec, 2015


BenchMatrix has successfully implemented RiskNucleus® Operational Risk Management (ORM) Solution in Faysal Bank. The ORM solution enables the management to further strengthen its operational risk management framework

Faysal Bank Limited (FBL) was incorporated in Pakistan on October 3, 1994, as a public limited company under the Companies Ordinance, 1984. Faysal Bank is engaged in Corporate, Commercial, Retail and Islamic Banking activities.

With the roll-out of the application, the bank hopes to simplify the process of loss data collection and analysis, conduct structured internal control testing, and strengthen risk monitoring and measurement through the RCSA and key indicator monitoring modules


NIB Bank Adopts BenchMatrix’s Compliance and Governance Solution - Nov, 2015


BenchMatrix has successfully implemented RiskNucleus® Compliance Solution in NIB Bank. RiskNucleus Compliance and Governance Solution allows organizations to comply with internal and external policies.

Established in 2003, NIB Bank is one of the largest foreign banks in Pakistan with an extensive branch network spread over 52 cities across the country. It is also one of the largest corporate entities of the country with a paid up capital of over PKR 103 billion.

With the roll-out of the application, the bank hopes to consolidate compliance, policy and training management processes in a single application.





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