Singapore – Security Bank Corporation (PSE:SECB) has won Best In-House Due Diligence and Third-Party Risk Solution in the Fraud & Financial Crime category. The honor came at the 8th Regulation Asia Awards for Excellence. It affirms the Bank’s commitment to smarter, safer and more customer-centric compliance systems.
The award recognizes the Bank’s breakthrough Transactor Due Diligence initiative, known as Project TeDD. This fully digital, risk-sensitive due diligence platform strengthens financial crime controls. At the same time, it greatly improves the customer experience.
Faster, Safer Due Diligence
The Bank built Project TeDD to meet and exceed regulatory expectations. It simplifies how clients provide and update their information. Clients can securely finish the process in minutes at a branch, through an online appointment or at a kiosk.
What once took up to 14 minutes now takes as little as five. Returning transactors enjoy even faster processing. As a result, wait times drop and convenience rises 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. In turn, it helps protect clients from fraud and identity-related risks. Since its launch in November 2024, the platform has served over 200,000 transactors. Moving from paper-based to digital processing has also cut the Bank’s environmental footprint. In total, it saved an estimated 190-280 kg of CO2 emissions.
About the Regulation Asia Awards
Now in its eighth year, the Regulation Asia Awards for Excellence is one of the region’s most respected industry recognitions. This year, it drew over 180 entries across Asia Pacific. Regulation Asia’s editorial and research teams, along with an independent panel of industry experts, judged entries through a rigorous two-month evaluation.
About Security Bank
Established in 1951, Security Bank is one of the Philippines’ leading universal banks. It went public on the Philippine Stock Exchange (PSE:SECB) in 1995. The Bank’s core businesses are retail, corporate, commercial, and business (MSME) banking, offering services that include lending, leasing, foreign exchange, stock brokerage, investment banking, and asset management.
Security Bank sets itself apart as a strong, domestic, independent bank that delivers a superior customer experience in line with its brand promise of BetterBanking. That promise rests on a deep understanding of customer needs and solutions delivered in a professional, hassle-free, personalized, and timely manner. The Bank’s strategic alliance with MUFG Bank, Ltd., Japan’s largest bank, gives its customers access to a broad global network.
International and local organizations have recognized the Bank for its constant product innovation, market leadership, and best-in-class management practices. Security Bank Corporation is regulated by the Bangko Sentral ng Pilipinas www.bsp.gov.ph. For more information, visit www.securitybank.com
