SimpleForm Supports Development Bank of Japan's Advanced Screening Operations

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SimpleForm Co., Ltd. supported the Development Bank of Japan in enhancing its screening operations, introducing "SimpleCheck" for efficient corporate research and "SimpleMonitor" for risk monitoring. This strengthens the financial institution's credit risk management system.

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SimpleForm Co., Ltd. supported the Development Bank of Japan in enhancing its screening operations, introducing "SimpleCheck" for efficient corporate research and "SimpleMonitor" for risk monitoring. This strengthens the financial institution's credit risk management system.

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Source: https://prtimes.jp/main/html/rd/p/000000054.000101212.html | Date: Date unavailable

SimpleForm Co., Ltd. (Meguro-ku, Tokyo; CEO Shota Tashiro; hereinafter "the Company") supported the Development Bank of Japan (Chiyoda-ku, Tokyo; President and CEO Seiji Chika; hereinafter "DBJ") in enhancing its screening operations for new transactions and ongoing management. To leverage corporate qualitative information, which is central to this initiative, the Company's "SimpleCheck," which streamlines corporate research processes, and "SimpleMonitor," which monitors critical changes in corporate risk information, were introduced. Background of Introduction In recent years, there has been an increase in credit risk incidents stemming from compliance violations such as fraudulent subsidies, falsified financial statements, and inappropriate accounting. For financial institutions, a crucial challenge in managing credit and other risks is how to promptly identify signs of potential risks that cannot be fully grasped by traditional quantitative information, such as financial data, regardless of company size or whether they are listed or unlisted. DBJ has historically conducted effective screenings based on quantitative information like financial data. However, there was a growing need to strengthen its system for more promptly and accurately identifying signs of potential risks, such as credit risk and misconduct risk, that emerge before being reflected in numerical data, especially during ongoing management. Recognizing these challenges, the sales and screening departments were considering enhancing monitoring methods to timely grasp risk changes in target companies. Furthermore, the compliance department, which had been conducting precise verification of corporate attribute information based on diverse information sources during new transaction considerations, faced the challenge of systematically organizing scattered qualitative information and effectively utilizing it. They were exploring ways to enhance the mechanisms supporting the verification process to maint

SimpleForm Supports Development Bank of Japan's Advanced Screening Operations

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