SAIB selects iCreate's Biz$core for Central Bank of Egypt Reporting, Financial Analysis and Customer 360

Top Quote Pre-built, Banking-BI solution to enable Regulatory Reporting, Analytics and Customer Intelligence. End Quote
  • (1888PressRelease) May 25, 2012 - Societe Arabe Internationale De Banque (SAIB) today announced the selection of iCreate's Biz$core as a strategic platform to enable the bank's Reporting, BI and Analytics.

    Given the dynamic banking landscape, it was important for SAIB to have a strategic technology solution that could play a central role in their information management strategy and the scalability to address future requirements.
    SAIB selected iCreate's Biz$core because of its robust platform features and pre-built central bank reporting content that would enable it to easily manage the Central Bank of Egypt reporting. Moreover, Biz$core was a quick-to-implement solution that could integrate seamlessly with SAIB's transactional systems and could be deployed at a low TCO.

    The Biz$core solution would be implemented over 3 phases, with the first phase addressing the automation of Central Bank of Egypt reports. The subsequent phases of the solution implementation would be Financial Analysis followed by Customer 360.

    Speaking on the occasion, SAIB's Managing Director, Mr. Hassan A Meguid said, "We selected Biz$core to support our ambitious growth plans by enabling information based decision making and streamlining regulatory reporting."
    SAIB's Chief Information Officer, Mr. Khaled Gad added, "We were looking for a strategic partner who had a deep understanding of the banking domain and a readymade, banking-specific Reporting, BI & Analytics solution to enable our 3 priority focus areas - central bank reporting, financial analysis and customer insight. Another critical point was that the solution had to be scalable to meet enterprise-wide BI requirements. We were convinced about Biz$core's ability to provide a single platform to meet our current and future needs."

    Mr.Shaili Mruthyunjayappa, iCreate's VP and BU Head for Europe & Africa, said, "I am delighted to partner with a specialised bank like SAIB on their BI & Analytics journey. I am confident that we will help SAIB reap the benefits of our banking-specific, packaged solution for years to come. This is a significant win for us in a region that has high potential for a solution like Biz$core."

    Mr. Hany Adly, the MD of National Technology Group (NTG), iCreate's premier technology partner in Egypt, noted, "NTG is happy to bring iCreate's value proposition to the Egyptian banking fraternity. I look forward to Egyptian banks leveraging on iCreate's productised Banking BI best practices."

    About Societe Arabe Internationale De Banque (SAIB)
    Societe Arabe Internationale De Banque (SAIB) provides banking and investment products and services in Egypt and abroad. The Bank also offers local and international trade financing services. It has been listed in Cairo and Alexandria Stock Exchanges since 1980.

    About iCreate
    iCreate is a 'BI for Banking' specialist headquartered in Bangalore, India, with an established presence in Africa, Asia-Pacific, Middle East and Europe. iCreate's unique, integrated Business Intelligence, Analytics and Performance Management solution, that integrates with standard banking systems, ensure banks have a fully functional Business Intelligence solution running in as little as 100 days, at the lowest TCO and with advanced solutions in areas such as Retail Banking, 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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