Dhanlaxmi Bank Selects iCreate's Biz$core ADF Solution To Automate RBI Reporting
Pre-built, comprehensive Regulatory Reporting / Compliance Solution to enable straight-through processing.
- (1888PressRelease) August 06, 2011 - Dhanlaxmi Bank today announced the selection of iCreate's Biz$core Automated Data Flow (ADF) Solution as a key component of their Regulatory Reporting / Compliance strategy.
Dhanlaxmi Bank made this choice after evaluating several prominent vendors for an enterprise-class ADF solution that would not only automate the bank's regulatory reporting in line with RBI's guidelines, but also ensure data accuracy and integrity. Dhanlaxmi Bank sought a solution that would dovetail seamlessly with their core banking and other transactional systems and enable a straight through processing of the returns from the bank's systems. Moreover, the solution had to be designed for quick implementation with a low TCO.
Speaking on the occasion, Mr. Muralidharan R, COO, Dhanlaxmi Bank said, "Dhanlaxmi Bank had commenced automation of the Reports some time ago and was keen to harness the data organizing and classification capability that comes with the automation, for analytical purposes as well. Added to that was the time-sensitivity of the RBI ADF implementation. We were exploring a quick-to-implement productized solution that would quickly enable us to embark on our ADF compliance initiative. Given its relevant banking content and the understanding of the subject, iCreate's Biz$core ADF was a natural choice. I expect Dhanlaxmi Bank to leverage Biz$core ADF to its fullest potential".
Mr. Vivek Subramanyam, CEO, iCreate said, "We are honoured to partner with a progressive bank like Dhanlaxmi Bank on their RBI ADF initiative with our product Biz$core. We look forward to helping Dhanlaxmi Bank meet its larger Information Management & Decision Support needs leveraging various solutions from the Biz$core suite as this relationship evolves".
About Dhanlaxmi Bank
Incorporated in 1927, Dhanlaxmi Bank is a prominent and progressive Indian bank with a total asset base of Rs.14,268 Crores*, over 275 branches and over 456 ATMs nationwide. The bank has serviced business worth Rs.21,595 crores* till date. Dhanlaxmi Bank prides itself on its strong customer relationship management and technology innovation to deliver best-in-class service to their customers.
*as on 31 March 2011
About iCreate and Biz$core
iCreate is a 'BI for Banking' specialist headquartered in Bangalore, India, with an established presence in Africa, Asia-Pacific, Middle East and Europe. Biz$core is iCreate's unique, integrated BI, Analytics and Performance Management solution, that integrates with standard banking systems ensure banks have a fully functional BI solution running in as little as 100 days, at the lowest TCO and with advanced solutions in areas such as Retail, Corporate Banking, Analytics 360, etc. iCreate is a winner of several premier industry recognitions: including the Red Herring Asia 100, Deloitte Technology Fast 500 Asia and the NASSCOM Emerge 50; an endorsement of its unique 'Banking-specific Business Intelligence' proposition.
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