The Saudi Investment Bank selects iCreate’s Biz$core Fintellix to power EDW and BI strategy.

BANGALORE, India - April 8, 2013 - PRLog -- Riyadh, 08 April 2013. Leading financial institution, The Saudi Investment Bank (SAIB) today announced the selection of iCreate’s Biz$core Fintellix Decision Enablement Solution as a comprehensive platform to enable the bank’s DW/BI strategy. On the threshold of the next level of growth, SAIB required an enterprise-grade innovation that could address its tactical business and compliance challenges as well as augment their strategic decision making capability.

The engagement will involve the deployment of iCreate’s Banking DW/BI platform in line with SAIB’s requirements, data extraction, a web-based portal with necessary infrastructure to access the reports, deployment of Self-service BI layer and will cover business-critical areas such as Islamic Retail Banking and Corporate Banking.

Speaking on the occasion, SAIB's GM – IT and Shared Services, Mr. Al-Obaid said, “SAIB has always made investments in proven Analytics/BI platforms as part of our overarching Information Management strategy. We chose Biz$core Fintellix for its ability to function as a backbone for our enterprise-wide BI requirements. iCreate us lay the foundation for enabling a strong decision support system ”. iCreate will help us lay the foundation for enabling a strong decision support system and improve current discipline of information governance at SAIB”.

Amit Agarwal, iCreate’s Global Head for Business Development, said, “I am delighted to partner with a specialised bank like SAIB in their DW/BI journey. I am confident that Biz$core Fintellix will establish a holistic information management platform for  SAIB. This is a significant win for us in a region that has high potential for a solution like Biz$core Fintellix”.

About The Saudi Investment Bank (SAIB)
SAIB is a Saudi Arabian joint stock company established in 1976. SAIB’s shareholders include JP Morgan Chase, Mizuho Corporate Bank, Saudi institutions and nationals. Apart from traditional wholesale, retail and commercial banking products, SAIB finances government and private industrial sectors and trade finance products for facilitating imports and growing Saudi exports.

About Biz$core Fintellix
Biz$core Fintellix is an integrated Enterprise Data Warehouse and Business Intelligence platform that provides comprehensive BI, Analytics, Performance Management and Reporting capability to a bank’s business operations and also helps manage risk & compliance. Biz$core Fintellix features a pre-defined, enterprise-grade banking data model and intelligent data accelerators that integrate with most core banking systems and leverages leveraging best-of-breed ETL (Extract, Transform, Load) technologies and visually powerful information delivery. Biz$core Fintellix is designed on industry standard, database-agnostic, scalable architecture. A wide spectrum of pre-built banking reports and dashboards equip banks with best-in-class reporting capabilities with rich visualizations across all operational and analytical levels. Flexible deployment options and rapid implementation at a competitive price delivers substantial business value to banks at exceptionally low TCO.

About iCreate
Headquartered in Bangalore, India with offices in Mumbai, South Africa, the Middle East, APAC and Europe, iCreate is a global Banking Decision Sciences leader that works with banks worldwide to enable faster, better decision making. iCreate’s enterprise-grade solutions integrate with most banking systems and provide banks with a functional Decision Enablement System in a fifth of the time as compared to conventional options. iCreate’s Banking Decision Enablement solution suite includes Biz$core for Business Intelligence, Analytics, Risk & Compliance, powered by Fintellix Data Warehouse and Data Integration platform.