Ghana International Bank selects Indian-developed intelligence solution for financial reporting requirements

The Ghana International Bank (GHIB) has announced the selection of Biz$core, a pre-built Business Intelligence (BI) & Analytics solution developed by India-based firm iCreate.

In a statement issued November 28, 2011, GHIB says Biz$core’s capability to extract information from multiple source systems will also enable a single view of its customers.

“With Biz$core, GHIB primarily expects to address the reporting and analytical requirements of their Finance department, general management information requirements and the reporting needs of the Bank,” the London-based bank said.

The statement adds “The solution implementation would be a two-phased approach with Phase 1 addressing Financial Analytics and Customer Single View and Phase 2 covering the bank’s Retail Banking and Corporate Banking functions.”

GHIB explains that it decided on Biz$core as it could integrate seamlessly with their transactional systems and provide a single view of business critical insights adding “an Enterprise BI solution would help analyze organizational data to measure and track business performance, improve operational efficiencies as well as support business strategy.”

Mr Joe Mensah, Managing Director and CEO, GHIB said, “We were looking for a technology partner who had a banking-specific BI and Analytics solution that could enhance our MIS Reporting and help us gain a single view of the customer. Biz$core will help us achieve a single platform for all our BI & Analytics requirements.”

Mr. Shaili Mruthyunjayappa, iCreate’s VP and BU Head for Europe, said “I am confident that GHIB will leverage Biz$core to gain a competitive advantage.”

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 with advanced solutions in areas such as Retail, Corporate Banking, Analytics 360 and many others.

By Ekow Quandzie

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