Bank Danamon licenses System Access Symbols

Bank Danamon licenses System Access Symbols

Indonesia's Bank Danamon is deploying technology from financial software provider System Access (SA) to manage credit risk activities across its operations.

The Singapore-based vendor says its Symbols platform will act as Danamon's central liability system, controlling credit limits across the group by providing and capturing sanctioned limits, drawing powers, exposures, collateral values, delinquencies and covenants from products, customers and internal bank activity.

SA says the framework will interface with the bank's existing retail, treasury and trade finance systems to underpin corporate risk management.

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