Security Bank Corporation (PSE:SECB) has been named Best In-House Due Diligence and Third-Party Risk Solution in the Fraud & Financial Crime category at the 8th Regulation Asia Awards for Excellence, affirming the Bank’s commitment to build smarter, safer and more customer-centric compliance systems.
The award recognizes the Bank’s breakthrough Transactor Due Diligence (Project TeDD) initiative—a fully digital, risk-sensitive due diligence platform that strengthens financial crime controls while dramatically improving the customer experience.
Designed to meet and exceed regulatory expectations, Project TeDD streamlines how clients provide and update their information. Whether through a branch, online appointment, or kiosk, clients can securely complete the process in minutes. What once took up to 14 minutes can now be done in as fast as five minutes, with even faster processing for returning transactors—reducing wait times and elevating convenience without compromising safety.
“In an environment shaped by increasingly complex regulations, our goal is not just to comply—but to lead with innovation, protection, and customer focus,” said Anna Christina Chinjen, SVP and Chief Compliance Officer. “Project TeDD helps us stay ahead of financial crime risks, protect our clients, and deliver BetterBanking that is simpler, more intuitive, and more secure.”
Beyond efficiency, Project TeDD strengthens real-time monitoring and financial crime detection, helping protect clients from fraud and identity-related risks. Since its launch in November 2024, the platform has served over 200,000 transactors and reduced the Bank’s environmental footprint—saving an estimated 190-280 kg of CO2 emissions by shifting from paper-based to digital processing.
Now in its eighth year, the Regulation Asia Awards for Excellence is one of the region’s most respected industry recognitions, attracting over 180 entries across Asia Pacific. Entries undergo a rigorous two-month evaluation by Regulation Asia’s editorial and research teams, together with an independent panel of industry experts.
