Security Bank Corporation (PSE:SECB) has been awarded Best In-House Due Diligence and Third-Party Risk Solution in the Fraud & Financial Crime category at the 8th Regulation Asia Awards for Excellence—reinforcing the Bank’s drive to build smarter, safer, and more customer-focused compliance systems.
The citation highlights the Bank’s breakthrough Transactor Due Diligence (Project TeDD) initiative, a fully digital, risk-based platform that enhances financial crime controls while significantly improving the customer experience.
Built to not only meet but surpass regulatory standards, Project TeDD streamlines how clients submit and update information. Whether done at a branch, through an online appointment, or via a self-service kiosk, the process can now be completed in minutes. A procedure that once took up to 14 minutes can now be finished in as little as five, with even faster turnaround for returning transactors—cutting wait times while strengthening protection.
“In an environment defined by fast-evolving regulations, our goal is not merely to comply, but to lead with innovation, protection, and customer centricity,” said Anna Christina Chinjen, SVP and Chief Compliance Officer. “Project TeDD enables us to stay ahead of financial crime risks, safeguard our clients, and deliver BetterBanking that is simpler, more intuitive, and more secure.”
Beyond improving efficiency, Project TeDD enhances real-time monitoring and financial crime detection, helping shield customers from fraud and identity-related threats. Since launching in November 2024, it has served more than 200,000 transactors and reduced the Bank’s environmental footprint—saving an estimated 190–280 kg of CO₂ by transitioning from paper-based to fully digital processes.
Now in its eighth year, the Regulation Asia Awards for Excellence is one of the region’s most respected industry honors, drawing over 180 entries across the Asia Pacific region. Submissions undergo a rigorous two-month assessment by Regulation Asia’s editorial and research teams, supported by an independent panel of industry experts.
