FPT IS deploys RWA system for ABBANK

The project of risk-weighted assets (RWA) system by FPT IS and PwC Vietnam aims at providing an effective capital adequacy ratio (CAR) calculation tool for An Binh Commercial Joint Stock Bank (ABBANK) when risk-weighted assets are optimized.

The golive event took place on December 19 in Hanoi. The RWA project has 2 components: methodological consultancy by PwC Vietnam and CAR system deployment by FPT IS.

FPT IS deployed Oracle software from January 14, providing an effective capital adequacy ratio (CAR) calculation tool for ABBANK when risk-weighted assets are optimized.

The representatives from FPT IS, PwC and ABBANK at the RWA system golive event.

Speaking at the event, FPT IS Chairman Duong Dung Trieu stated: “In the roadmap of making ABBANK a professional bank, in compliance with the regulations of the State Bank of Vietnam, FPT IS is honored to deploy RWA system with Oracle software, providing a tool which calculates CAR effectively and optimizes risk-weighted assets”.

That ABBANK has adopted the risk weighted assets (RWA) system helped complete the first foundation in the Basel compliance roadmap and making it ready to meet the State Bank of Vietnams Circular 41 on the adoption of Basel II standards from January 1.

ABBANK Deputy General Director Pham Thi Hien said that the support from PwC and FPT IS for over a year is an important factor for running the system successfully.

FPT IS has implemented RWA system for many banks in Vietnam. In addition, the company has pioneered and invested in digital transformation solutions for banks, helping them achieve outstanding progress in all 3 areas: increasing operational efficiency; improving customer experience and expanding new business models.