LONDON Feb. 24 IBM London
Prior to implementing the IBM analytics system, CRE reporting for the bank was time consuming and involved multiple staff to manually collect data from disparate sources. Now, using IBM technology, the bank has a single view of business information and can make decisions based on up to date information.
IBM’s Smart Analytics was chosen over offerings from Oracle, QlickView and Logica because it offered a fully integrated solution based on IBM’s workload optimised systems and industry-leading IBM analytics and middleware. Utilising IBM’s specialist industry-specific services, the system delivers an ideal business solution by enabling real-time access to vast amounts of complex data. .
The success of the system has led to plans to extend it to the bank’s finance operations, analysing loan and interest data, and performing ‘what-if’ scenarios using graphical data.
Sookun added: "The bank is now able to analyse data in different formats and produce subsets of reports as and when required, which used to be a very labour intensive task. Implementing the system also unexpectedly highlighted inaccuracies in our existing data and we are now confident in consistent, high quality reporting. The beauty of the new system is that it can also integrate with our existing systems."