Ghana International Bank Selects iCreate's Biz$core for Enterprise-Wide Business Intelligence and Analytics

Pre-built, banking-specific solution to address reporting and analytical requirements of bank’s Finance, Retail & Corporate banking departments.

Bangalore, AK, November 30, 2011 --( Ghana International Bank (GHIB) today announced the selection of iCreate’s pre-built Business Intelligence (BI) & Analytics solution - Biz$core, as a central component of their information management ecosystem.

With Biz$core, GHIB primarily expects to address the reporting and analytical requirements of their Finance department, general management information requirements and the reporting needs of the Bank. Biz$core’s capability to extract information from multiple source systems will also enable a single view of GHIB’s customers. 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 sought a BI & Analytics solution that could be quickly implemented at a low total cost of ownership. The bank decided on Biz$core as it could integrate seamlessly with their transactional systems and provide a single view of business critical insights. Further, 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.” He added, “I am pleased to see us apply information management best practices as part of our strategy implementation. We have in iCreate a strong partner who understands our business as well as our vision.”

Mr. Shaili Mruthyunjayappa, iCreate’s VP and BU Head for Europe, added, “It is a matter of pride for us to partner with a niche bank like GHIB for their BI & Analytics strategy. I am confident that GHIB will leverage Biz$core to gain a competitive advantage.”

About Ghana International Bank
Ghana International Bank (GHIB) which was incorporated in 1998 and licensed by the FSA took over the London operations of Ghana Commercial Bank with the latter retaining a 20% ownership of the new bank. Ownership is now shared with other Ghanaian state institutions. The Central Bank of Ghana is the major shareholder (51%) while other stakes are held by the Social Security and National Insurance Trust (15%), Agricultural Development Bank (9%) and SIC Insurance Company Limited (5%). GHIB focuses on four key areas: correspondent and corporate banking; treasury services; international trade finance; and transaction services. Its operations are geared to supporting the economies of Ghana in particular and the continent of Africa in general.

About iCreate and Biz$core
iCreate is a "BI for Banking" specialist headquartered in Bangalore, India, with an established presence in Africa, Asia-Pacific, Middle East and Europe. Biz$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, at the lowest TCO and with advanced solutions in areas such as Retail, 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.

iCreate Software
Niranjan Ananth