Bangalore, India, July 25, 2013 --(PR.com
)-- Sasfin Bank today announced the selection of Banking Decision Sciences Company, iCreate Software’s Data Analytics expertise as part of the bank’s data management strategy. This strategic initiative will enable Sasfin Bank to derive requisite business insights apart from establishing a strategic analytics framework. Specifically, the initiative will include defining Executive KPIs and providing Data Analytics, Reports and Recommendations, developing NPV Models, Data Sourcing Automation, and providing support to ad hoc business requests.
Speaking on the occasion, Ms. Berdine Viljoen, CIO, Sasfin Bank said, “We were keen to partner with a banking analytics specialist who had experiential knowledge of core banking systems and data analytics in the banking context. I think we have just found that partner in iCreate.”
Mr. Vivek Subramanyam, CEO, iCreate Software added, “Since our inception, we have always been excited about the potential for banking analytics in a discerning market such as South Africa. A bank of Sasfin’s stature selecting us is definitely an endorsement of our evolving capabilities in predictive analytics in the area of Banking.”
About Sasfin Bank
Established in 1951, Sasfin is an independent and diversified banking and financial services group focusing on entrepreneurial corporate, commercial and private clients. Sasfin Holdings Ltd has been listed on the Johannesburg Stock Exchange since 1987. Sasfin’s products and services are designed to protect and grow its clients’ financial assets and are integrated to create a bespoke solution for their specific needs. Sasfin believes that a close relationship and a thorough understanding of its clients’ needs are absolutely essential to deliver the correct financial solution. This enables Sasfin to be “a partner beyond expectations.” Sasfin divisions, being Business Banking, Treasury, Capital, Wealth Management and Commercial Solutions, offer a range of specialised products and services to assist clients at all stages of their business and investment lifecycle. Sasfin Bank Ltd, is a subsidiary of Sasfin Holdings Ltd.
Headquartered in India with offices in South Africa, the Middle East and Europe, iCreate is a global Banking Decision Sciences leader that works with banks worldwide to enable faster, better decision making. iCreate’s enterprise-grade BI, Analytics and Performance Management solutions integrate seamlessly with Banking systems and delivers a fully functional Decision Enablement System running in areas such as Retail Banking, Corporate Banking, Analytics 360, etc. iCreate currently has over 26 progressive financial services institutions across 10 countries in Africa, ME, Europe and Asia as customers. iCreate was recently funded by venture capital majors Sequoia Capital to accelerate market expansion efforts. iCreate is also a recipient of premier industry recognitions including the Deloitte Technology Fast 50 India / Fast 500 Asia Pacific, Red Herring Asia 100, and NASSCOM Emerge 50.