Ghana International Bank Goes Live with iCreate’s Biz$core

Pre-built, banking-specific decision enablement solution to address Bank’s reporting and analytical requirements

Bangalore, India, August 04, 2013 --( Ghana International Bank (GHIB) today announced going live with iCreate’s Biz$core reporting and analytics solution for the bank’s Finance, Retail and Corporate Banking functions. The solution implementation was 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. The Bank leveraged iCreate’s unique onsite-offshore model with the solution implemented within 100 days in both the phases.

With Biz$core, GHIB expects to address reporting and analytical requirements of their Finance department, general management information requirements and the reporting needs of the Bank. Further, Biz$core will help analyze organizational data to measure and track business performance, improve operational efficiencies as well as support business strategy.

Mr. Mark Arthur, Senior Project Manager, GHIB said, “We are happy with the professionalism shown by the iCreate team in ensuring the success of this project. Biz$core will enable GHIB meet its unique reporting and analytics requirements and serve as a backbone to GHIB’s information management journey.”

Mr. Shaili Mruthyunjayappa, iCreate’s VP and Global Head – Account Management & Presales, added, “We are extremely delighted with this achievement and look forward to GHIB benefitting from Biz$core. The solution modelled to provide actionable intelligence to GHIB’s team will help keep tab on critical functions, ensuring continuous business growth.”

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
Headquartered in Bangalore, India with offices in Mumbai, 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 a fifth of the time (when compared to conventional alternatives), at the lowest TCO and with advanced solutions in areas such as Retail Banking, Corporate Banking, Analytics 360, etc. iCreate currently has over 25 progressive financial services institutions across 10 nations as customers. It was recently funded by venture capital majors Sequoia Capital and IDG Ventures to accelerate its market expansion and boost product innovation efforts. iCreate is also a recipient of premier industry recognitions including the Red Herring Asia 100, Deloitte Technology Fast 50 India / Fast 500 Asia Pacific and NASSCOM Emerge 50.
iCreate Software
Niranjan Ananth