Alizz Islamic Bank successfully deploys Sunoida’s Vision - Banking Business Intelligence (BI) and Data Analytics Platform
Muscat- Sultanate of Oman: Alizz Islamic Bank has announced the successful deployment of the Business Intelligence platform – Vision Banking BI developed by Sunoida Solutions.
As the volume of data is growing exponentially in today’s times, Banks need a centralized data warehouse to consolidate data from all internal systems and external sources including social media to convert this vast amount of data into meaningful information that can provide business insights and definitive competitive edge to banks in today’s economy.
Vision Banking BI is one of the most comprehensiveBanking Business Intelligence solutions developed by Sunoida’s core team of bankers who have many years of experience in this field across many Islamic and Conventional banks. The Vision BI solutionhas automated the entire financial reporting, MIS reporting, Customer Analytics (Retail and Corporate business) and Central Bank of Oman reporting for Alizz Islamic Bank thereby not only helping the executive management to get up-to-date and accurate view of the business at any time through many interactive dashboards but also ensures that the compliance and regulatory issues are handled with utmost diligence and efficiency.
“We are delighted to work with Alizz Islamic Bank and are confident that our Vision Banking BI solution will enable them to manage their business more efficiently, provide key stakeholders the pulse of the business at any given point and enable them to take business decisions much faster thereby providing them strong competitive advantage,” said Sukirat Singh Kochar, Executive Director and Chief Revenue Officer, Sunoida Solutions. “We are already working with 25+ leading banks in emerging markets andwe look forward to building on the success of this project to establish Vision Banking BI as the “solution of choice”, for global and regional leaders in the Banking business.”
“Business Intelligence and Data Analytics is key area of focus for every bank today. We are delighted to have selected the Vision Banking BI solution from Sunoida Solutions. Sunoida successfully completed the project for us within 4 months with utmost quality and passion. The Vision solution is very robust and rich in functionality brilliantly complemented by Sunoida’s team led by senior bankers” said Faisal Zakaria, Head of Finance, Alizz Islamic Bank. “The Vision solution has already started to provide us valuable business insights and also helping us to address the compliance and business reporting needs of various stakeholders at Alizz Islamic Bank”.
“In any BI project most people focus mainly on the reporting aspect but to deliver a successful BI solution three main components are required: 1) Flexible and Efficient ETL tool to extract data from all sources 2) Banking Data Model and Business Rules Engine 3) Reports & Dashboards” said Suleman Dossani, MD & CEO, Sunoida Solutions.“We have designed and built all the three components based upon industry best practices within our Vision Banking BI solution and we continue to innovate to provide the best services to our growing client base.”