KUALA LUMPUR, 20 JUNE 2008 - Malaysia-based AIM-listed ICB Financial Group Holdings AG (ICB Banking Group) has selected SAS’s Banking Intelligence (BI) Solution to manage the Group’s banking operations across twelve (12) countries from its management office in Kuala Lumpur, Malaysia.
Speaking at the partnership signing ceremony, ICB Group chief executive officer, Harith Harun (picture above, with Yip Yoke Ling, Professional Services Director of SAS Malaysia) said that ICB’s rapid worldwide growth required a solution that could provide the Group with “full, multi-dimensional insights into its banking operations, facilitate efficient retrieval of financial information and generate greater operational efficiency.”
“Over the last 12 years, the ICB Banking Group has established or acquired commercial banks across Eastern Europe, Africa and Asia,” said Harun. “The holding company ICB Financial Group Holdings AG -- that was listed on the AIM Market of the London Stock Exchange in May 2007 -- is implementing a comprehensive range of financial services throughout the Group’s banks. The Kuala Lumpur management office located in Kuala Lumpur, is partnering with SAS Malaysia to bring about positive synergies and cost effective benefits
The ICB Banking Group currently operates commercial banks in 12 countries across Eastern Europe, Africa and Asia with total branch network of 134 offices worldwide.
Making intelligent sense from scattered data
Harun said that, SAS’s integrated suite of banking solutions would help acquire insights from the huge volumes of data, scattered throughout dozens of systems, geographies and lines of business within the banking Group.
“It will provide solutions to support successful management of all relevant risks while maintaining Basel II compliance, increase customer profitability, improve operational efficiency and align, track and measure performance,” he said.
SAS Malaysia professional services director Yip Yoke Ling said, “We are confident that SAS Banking Intelligence Solutions will prove to be an essential BI investment for ICB to gain a competitive edge in its banking businesses.”
The ICB group would start using SAS’s Financial Management and Management Information Systems (MIS) solutions to help it report, manage and improve the financial performance of the entire group.
