Southeast Bank launches "Tahqiq"

Southeast Bank Ltd recently launched "Tahqiq", a risk-based internal audit system (RBIAS) in its ICC Division.

Millennium Information Solution Limited (MISL) developed the system which will help the Bank achieving a competitive edge through a more efficient auditing process, automating the ICC department functions and branch-wise as well as department-wise risk grading, said a statement of MISL.

The launching of "Tahqiq" (RBIAS) was held through a virtual "Go Live" ceremony on October 8 last.

MD & CEO of Southeast Bank Ltd Mr M Kamal Hossain, Advisor to Southeast Bank &former Finance Secretary of GoB, Mr Zakir Ahmed Khan, Director Mr. Syed Karim and MD & CEO of MISL Mr Mahmud Hossain attended the event.

By implementing this system, SEBL will be able to bring significant efficiency in its Audit and ICC department.

The other benefits include paperless and automated Audit Planning, Operation, and Compliance, comprehensive Risk Grading engine with easy integration with CBS and HRIS and installation of executive dashboards which will show real-time audit operations & compliance status.

" Apart from 'Tahqiq' which provides a competitive advantage to its users through their innovative, need addressing, and user-friendly interfaces during the last two decades, MISL developed Islamic Core Banking Solution product 'Ababil' and Human Resource Management System named 'Sylvia'," the statement added.