Al Ahli Bank Kuwait (ABK) has gone live with BenchMatrix’s operational risk management solution to support its expanding operations. This collaboration will further enhance the Bank’s ability to effectively manage its operational risks and develop an efficient mechanism for reporting operational loss events.
RiskNucleus® ORM solution will provide a comprehensive and well-integrated system that allows Risk Managers to effectively assess and monitor identified risks and controls within the organization. Amongst other things, the system will also enable the bank to automate its risk activities to attain process efficiencies.
About Al Ahli Bank of Kuwait (ABK)
Al Ahli Bank of Kuwait (ABK), incorporated on the 23rd May 1967, has grown to become one of the most respected and innovative Banks in the region, providing a wide range of financial and banking services and products across all its markets in Kuwait, United Arab Emirates and Egypt.
With a clear regional vision of strong leadership, simpler banking, and unrelenting focus on continual renewal and investment in its customer service, banking products, and technology upgrades, ABK has set new benchmarks for banking in the Middle East and is well positioned to continue this path in the future.
BenchMatrix is a leading Governance, Risk & Compliance (GRC), Anti-Money Laundering (AML) and Credit Risk Management technology solutions provider with a focus on developing practical and effective solutions for organizations. The team has several full cycle implementation experiences in multinational organizations with success stories in France, Romania, Canada, Malta, Turkey, Bahrain, Qatar, Saudi Arabia, UAE, Kuwait, Pakistan, Algeria, and Tunisia.