Bangalore, India, September 13, 2012 --(PR.com
)-- Gulf Investment Corporation (GIC) today announced the successful completion of implementing iCreate's Banking BI and Analytics solution - Biz$core, as the singular platform to manage their Asset Portfolio Management.
With an expansive and complex portfolio landscape, GIC required a performance and risk analysis solution to understand the success / failure of investments, at multiple levels, so as to monitor and manage portfolios better. It was also imperative that the solution had to adhere to an industry benchmark - GIPS (Global Investment Performance Standards) - a set of ethical standards for investment performance presentation to ensure fair representation and full disclosure.
GIC chose banking technology specialist iCreate’s Biz$core to integrate their intelligence requirements on a single platform, to gain a true view of investments using 3 critical dimensions - performance, position and compliance, and also analyze risk at a managerial as well as an enterprise level, to control, monitor, and report on multi-asset class portfolios, so as to enable strategic asset allocation decisions.
Speaking on the occasion, Mr. Hani Al-Shanks, GIC’s Head of IT said, "In iCreate we found the right kind of partner who was flexible and went the extra mile to deliver on our envisaged objectives.”
Mr. Arun Ratra, Head of GIC’s GMG Group added, "iCreate helped us gain a holistic view of our investments, using the dimensions of Performance, Position and Risk, to enable informed decisions. iCreate unified the data from multiple platforms across various BUs to achieve this task.”
“We discovered iCreate to be a highly responsive team with a ‘whatever-it-takes’ work ethic”, said Mr. Alex Romero, VP-IT, GIC. “Also commendable is their professional maturity in engaging with the multiple stakeholders in the project.”
Mr. Vivek Subramanyam, CEO, iCreate, added, “I am delighted to know that iCreate will be contributing value to GIC’s mission of fostering economic growth and diversification in the region. I am equally happy to note that our flagship BI and Analytics product, Biz$core will play a pivotal role in helping GIC retain its position as an asset management leader.”
About Gulf Investment Corporation
Established in 1983 and headquartered in Kuwait, Gulf Investment Corporation (GIC) is a fully owned corporation by the Gulf Cooperation Council (GCC). GIC was formed to foster regional economic growth and encourage economic diversification across the GCC region. GIC's experienced team offers local and international investors a diverse range of financial services. GIC has a proven track record for successfully assisting private enterprise across a broad range of industry sectors and effectively delivering innovative investment and financial products and solutions.
About iCreate and Biz$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 - 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 Banking, 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 BI’ proposition.