Press Release

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Press Release
Dion and Chase Cooper partner with Kris Finsoft
to win major Philippines Bank Deal
Philippines Veteran Bank to implement bespoke enterprise wide risk
management system
Manila, Philippines – 7th May 2014: Dion Global Solutions (Dion) (BSE: 526927) today
announced that Philippines Veterans Bank (PVB) has selected Chase Cooper’s award
winning aCCelerate solution to manage its enterprise wide operational risk management.
The platform will be implemented by Dion’s local partner, Kris Finsoft.
PVB is a leading domestic financial institution in Philippines. The bank is owned by
Philippine World War II veterans and their families and caters to both corporate and retail
financial markets. As part of its charter, PVB allocates 20% of its annual net income for the
benefit of its shareholders.
aCCelerate provides award winning functionality for the core operational risk framework,
and has powerful reporting and analytical capabilities for sensitivity analysis, stress testing
and scenario analysis. The solution empowers operational risk managers to assess their
organisation’s risk profile and sensitivity to changes, providing immediate business
benefits. The solution addresses all aspects of operational risk with functionality including:
risk control assessments (RCSA); external and internal loss event capture and
management; configurable key indicators (KIs); flexible workflows; capital charge
modelling; stress testing and scenario analysis. The platform is compliant with all major
regulations including Basel II and ICAAP.
Ms. Camille Canullas, Senior Vice President and Chief Information Officer, PVB,
said, “Philippines Veterans Bank has a strong risk management system and internal control
policy. We need a system that meets all our daily operational risk functions. aCCelerate
has a user-friendly interface and rich functionalities that will help build on PVB's sound risk
management practices.”
Mr. Krishan Grover, Founder & CEO, Kris Finsoft said, “Operational risk is a key area
that institutions cannot ignore. Meeting the regulatory requirements without adding to the
operational burdens is a balancing act. We are delighted to be working with Philippines
Veterans Bank and we are confident that aCCelerate has the flexibility and scalability to
meet all their requirements.”
Dion Global Solutions
Australia | Canada | Germany | Hong Kong | India | Indonesia | Luxembourg | Malaysia | New Zealand | Singapore | Spain | UK| USA | Vietnam
www.dionglobal.com | [email protected]
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Press Release
--xx-Media Contacts
Vani Parmar
Dion Global Solutions
[email protected] | +91-9582888165
Kimberly Espiritu
Kris Finsoft
[email protected]
Notes to the Editor:
About Philippines Veteran Bank (PVB)
The Philippine Veterans Bank was created in 1963 with the enactment of Republic Act No. 3518, which became
its charter. Over these years, PVB earned for itself a track record of sustained growth and has become one of
the country's profitable financial institutions. A private financial institution with a public advocacy, Philippine
Veterans Bank continues to uphold the dreams of heroes for a free, progressive and competitive country. PVB
offers a host of services that include deposit services, loan services, treasury products, trust services,
investment banking and several more.
For more information, visit www.veteransbank.com.
About Dion Global Solutions
Dion is a trusted technology provider to the financial services industry. It delivers a comprehensive range of
targeted and focused solutions to clients that operate throughout the financial markets. Dion draws on its
presence across the markets, the depth of its global expertise and the breadth of its product development
resources to serve the specific and localised needs of financial services firms. The company has over 630
clients in more than 80 countries supported by a worldwide staff of over 600, including more than 250 in
product development. Dion’s solutions span investment, retail and commercial banking, institutional trading
and investment and private client wealth management and stockbroking.
For more information visit www.dionglobal.com.
About Chase Cooper
Chase Cooper is a dynamic Operational Risk management solutions provider. Headquartered in the UK, it
provides unique all round solutions to the global financial sector for GRC. Its risk centric approach to GRC is
based on its expertise in Enterprise Wide Operational Risk and Compliance Risk Management, incorporating
leading frameworks such as Basel II, COSO, SOX, Solvency II and ICAAP. With a client base in 85 countries, its
award winning software solution, aCCelerate, is a combination of a highly effective modern architecture
providing a market leading user intuitive approach to risk management, supported by a unique combination of
expert practitioner-led consulting services and training demonstrating its deep domain expertise.
For more information, visit www.chasecooper.com.
About Kris Finsoft
Kris FinSoft is a world-class provider of Treasury, Risk, IFRS, Core Banking and Private Banking solutions with
offices in Singapore and the Philippines. The company was established by banking industry veterans, led by
Krishan Grover, with a number of years’ experience in providing innovative and practical solutions to financial
institutions across the APAC region.
Dion Global Solutions
Australia | Canada | Germany | Hong Kong | India | Indonesia | Luxembourg | Malaysia | New Zealand | Singapore | Spain | UK| USA | Vietnam
www.dionglobal.com | [email protected]

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