• Affin Bank rolls out final phase of Collection System and FRS-139

    Affin Bank successfully completes the implementation of the final phase of their Juris Collection System and FRS-139 Impairment System.

    The Juris Collection System for debt collection and recovery is used to manage the delinquent accounts in Affin Bank’s extensive retail portfolio. The system integrates with the Syntellect Call Centre Solution, the branch network and the bank’s lawyers. This system also provides sophisticated financial modeling and prediction capabilities for compliance with Bank Negara’s FRS-139 reporting standard for impairments.

    The first phase of this system was completed within 8 months of award, with the call center and collection workflow operational. The second phase which has just completed delivered significant enhancements and also the FRS-139 impairment reporting.

    About Affin Bank

    Affin Bank Berhad (AFFINBANK) is a wholly-owned subsidiary of Affin Holdings Berhad which is listed on Bursa Malaysia.

    It commenced operations in January 2001 following a merger between the former Perwira Affin Bank Berhad and BSN Commercial (M) Berhad in August 2000. In June 2005, it merged with the former Affin-ACF Finance Berhad. To date, it has a network of 82 branches nationwide. The Bank is constantly reviewing the geographical reach of its branches to better serve its customers. Towards this end, the Bank is on constant look-out for more strategic locations for the existing branches and to relocate if deemed appropriate.

    The Bank serves both retail and corporate customers. The business units of the Bank comprise Enterprise Banking, Consumer Banking, Debt and Capital Markets and Hire Purchase. Consumer Banking provides credit cards, personal loans, mortgages and deposit taking services to individuals. Enterprise Banking offers corporations, institutional clients and SMEs services in corporate banking, contract financing and trade finance. Enterprise Banking serves as an important feeder to the other business units by way of contacts and opportunities.

    By | 2020-03-27T17:37:35+00:00 11th July, 2011|News|

    About the Author:

    The team at JurisTech's Marketing & Communications, a group of digital marketing strategists and content creators, delivers invaluable insights and expertise drawn from fintech experts across the entire JurisTech team. For media queries, get in touch at mac@juristech.net.