Samba Bank picks Bench Matrix's RiskNucleus Governance and Compliance Solution

Samba Bank Limited, a majority owned subsidiary of Samba Financial Group of Saudi Arabia, has selected Bench Matrix to implement an automated regulatory compliance management system that would further strengthen their compliance controls.
Samba Bank is focused on building a full-service consumer, corporate, investment banking and capital markets franchise and working to expand their products and services in these areas. Looking ahead, management is exploring other growth areas including mobile and digital banking, wealth management and transaction services.
Bench Matrix's RiskNucleus Compliance Risk Management Solution enhances monitoring of regulatory compliance policy through a complete, automated and up-to-date rule book library mapped to key activities within the organization and enable compliance risk management, observation management, self-assessment, and correspondence. The solution has been successfully implemented in Faysal Bank, Soneri Bank, Allied Bank, in Pakistan; FIM Bank in Malta, The Bank of Bahrain and Kuwait (BBK) in Bahrain and Burgan Bank in Kuwait and Turkey.
BenchMatrix is a leading advisory services and automated GRC solutions provider with a focus on developing practical and customized approaches to risk management for organizations. Our team has several full cycle implementation experiences in multinational organizations with success stories in Bahrain, Qatar, Saudi Arabia, UAE, Kuwait, France, Canada and Pakistan.-PR