Imperial Bank Kenya Selects Oracle Reveleus and Mantas Products to Drive Corporate Governance and Ri
ID: 230348
Imperial Bank Kenya Selects Oracle Reveleus and Mantas Products to Drive Corporate Governance and Risk Management Initiatives
(pressrelations) - Reading, UK April 19, 2010
News Facts
- Oracle Financial Services Software today announced that Imperial Bank Kenya has selected Oracle Reveleus Basel II, Oracle Reveleus Basel II Analytics, Oracle Mantas Anti Money Laundering, Oracle Mantas Fraud and Oracle Reveleus Analytical CRM from Oracle Financial Services Analytical Applications Suite.
- Imperial Bank views the investment in Oracle products as vital to its continued growth, building stakeholder trust and actively contributing to regional market development, while addressing the corporate governance and risk areas comprehensively.
- As part of its progressive and innovative approach to its business, Imperial Bank will be the first in Kenya to deploy Oracle Mantas Anti-Money Laundering and Fraud applications to address theft and security issues, while increasing transparency on financial transactions.
- The bank will leverage Oracle Reveleus Basel II to quickly and efficiently establish a policy and roadmap in order to achieve Basel II compliance, boost customer confidence and ensure compliance with internal and external regulatory requirements. In addition, the application will help address key requirements on capital adequacy.
- Finally, Oracle Reveleus Analytical CRM will help the bank obtain a complete view of its customers, their product relationships and transaction behavior to drive loyalty, customer satisfaction and targeted campaigns for customers and prospects.
- The bank is currently leveraging Oracle FLEXCUBE as part of its transition into full-fledged commercial bank with corporate, small and mid-sized businesses, retail businesses and an expanded regional presence.
- Don Ochola, Head of IT at Imperial Bank stated, "We are committed to creating a strong foundation of risk and compliance to boost stakeholder confidence and address the emerging national and international compliance mandates. Our investment in Oracle Financial Services Analytical Applications for Enterprise Risk, Compliance and Customer Analytics will help us achieve this objective.?
- "We are glad to be a partner of choice to Imperial Bank in its endeavor to meet and surpass compliance mandates and improve risk management. Oracle Reveleus and Oracle Mantas has the best in class capabilities to address and strengthen institutional governance, address risk and compliance measures, and improve transparency to meet evolving regulatory requirements in the region,? said K Suryanarayan, Vice President, Sales, Africa at Oracle Financial Services Software.
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Founded in 1993 as a Finance and Securities Company, Imperial Bank converted into a fully fledged commercial bank in January 1996. Since then the bank has had a long standing tradition of achieving strong financial performance and carrying out expansion strategies while successfully focusing on efficient client service delivery. Imperial Bank is a proud winner of the FiRe Award (Excellence in Finance Reporting) on five occasions since 2002. The bank strives to achieve commercial success in ways that honor ethical values, comply with legal requirements and respect people, communities and the natural environment. In 2008 Imperial Bank signed a Memorandum of Understanding (MoU) with UNICEF to raise funds using ATMs. This MoU makes Imperial Bank the first bank in East and Central Africa to use ATMs for fundraising. The bank also commits a significant amount of its profits towards Corporate Social Responsibility every year. With 12 branches in its expanding branch network, Imperial Bank will continue to enhance the existing risk management parameters through the effective use of its newly installed and cutting edge IT systems
For more information contact:
Samuel Hall
EMEA Corporate Communications
t:+44 118 924 6332
m:+44 (7748) 18193
f:+44 118 924 3855
e: samuel.hall(at)oracle.com
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Datum: 19.07.2010 - 18:05 Uhr
Sprache: Deutsch
News-ID 230348
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