Soneri Bank Limited (SNBL) in collaboration with BenchMatrix goes live with the comprehensive automated solution RiskNucleus® that will enhance its risk management system. The system aims to streamline the preparation of Capital Adequacy Ratios for onward submission to the State Bank of Pakistan to facilitate them in their vision of automating the banking system in Pakistan.
RiskNucleus® is an Enterprise Risk Management solution, which simplifies the process of risk measurement, monitoring and reporting through integrated data management and configurable reporting engine. The module will assist the bank in automating its capital adequacy ratio calculation process and internal MIS through a configurable model builder. It will also ensure compliance with the regulatory authority requirements by generating the required prudential reports.
This collaboration will enhance the digitizing process of SNBL in its 360+ branch network across Pakistan and serve as a financial business solution to every household in the country.
Soneri Bank Limited is one of the renowned banks with 360 plus branches and ATM’s spread all over Pakistan including the northern areas of the country. Soneri Bank’s philosophy is to cater to the banking requirements of small & medium sized entrepreneurs, effectively providing them qualitative and competitive services with emphasis on encouraging exports financing.
BenchMatrix is a leading advisory services and automated Governance, Risk & Compliance (GRC) technology 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.