Saemaeul Geumgo Completes Advancement of Risk Management System

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The National Credit Union Federation of Korea (NACUFOK) announced on the 29th that it has completed the advancement project of its risk management system. The risk management system is designed to systematically measure and manage various risks of Saemaeul Geumgo, including market, credit, mutual aid, credit union risk, and asset-liability management (ALM).

This project was carried out across the entire business area, from system infrastructure to business screens. It involved not only updating existing software versions but also introducing new software and expanding hardware, thereby establishing a structured environment for risk data management and deployment. Additionally, new business screens were developed reflecting the opinions of risk management personnel.

Saemaeul Geumgo and NACUFOK particularly focused on data management. A representative achievement is the establishment of an integrated Risk Data Mart (RDM) to accurately and efficiently utilize vast amounts of data. The RDM conducts additional data verification processes to enhance the accuracy of risk measurement. It also creates conditions to promptly respond to regulatory requirements from financial authorities.

Previously, Saemaeul Geumgo began the risk management system advancement project in July of last year. The new system was launched this month, with a stabilization period planned until June.

Kim In, Chairman of NACUFOK, stated, “The advancement of the risk management system will strengthen the risk management capabilities of Saemaeul Geumgo and NACUFOK,” adding, “Through this project, we will proactively respond to the rapidly changing financial environment.”

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