The bank was seeking an enterprise-grade improvement that could address its tactical business and compliance challenges as well as expand strategic decision making capability.
Speaking on the selection, SAIB IT and shared services general manager Al-Obaid said, "We chose Biz$core Fintellix for its ability to function as a backbone for our enterprise-wide BI requirements."
"iCreate will help us lay the foundation for enabling a strong decision support system and improve current discipline of information governance at SAIB."
Adoption of iCreate’s Banking DW/BI platform will be completed as per the requirements of the bank including data extraction, a web-based portal with necessary infrastructure to access the reports.
Further, the Indian technology company will deploy Self-service BI layer and will cover business-critical areas including Islamic retail banking and corporate banking.
Set up in 1976 as a Saudi Arabian joint stock company, SAIB’s shareholders are JP Morgan Chase, Mizuho Corporate Bank, Saudi institutions and denizens.
Biz$core Fintellix is an integrated enterprise data warehouse and business intelligence platform, which caters inclusive BI, analytics, performance management and reporting capability to a bank’s business operations and also helps manage risk & compliance.
Headquartered in Bangalore, India with offices in Mumbai, South Africa, the Middle East, APAC and Europe, iCreate is a global banking decision sciences company, which enables banks across the globe to carry out faster and better decision making.
