Digital Banking: Taiwan’s First Neobank, Next Commercial Bank, Introduces Kamakura Corporation’s Solutions for Risk Management

After performing an extensive vendor evaluation, Next Commercial Bank (NCB), Taiwan’s first all-digital bank, has introduced Kamakura Corporation’s proprietary solutions for risk management.

NCB’s management says that a modular and integrated software solution can offer clear advantages over disparate systems by reducing operational costs and enhancing transparency and overall efficiency.

As noted in a press release:

“NCB is one of the first institutions in the digital banking space to augment its digital offerings with a robust and advanced technology enterprise risk management infrastructure platform.”

Kung-Ho Chang, chief risk management officer at NCB, confirmed that after an extensive evaluation and due diligence process, the digital bank felt that Kamakura’s integrated ERM system was ideal for offering a comprehensive and dynamic perspective the institution requires  to effectively address relevant regulatory guidelines.

Chang remarked:

“The selection of Kamakura’s suite of Credit Risk, Market Risk, FTP, ALM, IRRBB, Basel III LCR and NSFR solutions was based on the company’s well-integrated and advanced solution, which encompasses balance sheet management as well as regulatory requirements.”

Dr. Matt Yu, Kamakura’s managing consultant of professional services for Asia-Pacific at Kamakura, noted that one of the main factors or reasons for selecting Kamakura as a risk management tool was that it allows banking institutions to use the same variables when performing stress tests and also when making new business assumptions. This helps generate comprehensive risk metrics, Dr. Yu explained.

He added:

“In addition, by subscribing to Kamakura Risk Information Service (KRIS), NCB has access to default probabilities for more than 40,500 corporate institutions in 76 countries and 180 sovereigns—information the company updates daily.”

Kamakura’s ERM solution can help banks with actively managing cash flow and also with assessing the margins of internal business departments. The solution is user-friendly and comes with a flexible configuration, which lets users configure simulations in an intuitive manner.

Kamakura’s portfolio manager includes key data elements that can capture the vital attributes of various financial products.

As mentioned in the announcement:

“By viewing its entire exposure within a single table and a single database, any bank can easily create reports, analyze results, and generate risk metrics. It provides everything a bank would want in gaining a holistic and integrated risk management solution.”

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