Alizz Islamic Bank streamlines reporting with BI platform from Sunoida Solutions

Source: Alizz Islamic Bank. A view of the bank.

Alizz Islamic Bank has deployed a business intelligence (BI) platform developed by Sunoida Solutions.

Vision Banking BI automates the financial reporting, management information systems (MIS) reporting, customer analytics (retail and corporate business) and Central Bank of Oman reporting for Alizz Islamic Bank. Executive management can get up-to-date and accurate views of the business at any time through interactive dashboards. The system also helps to ensure compliance. 

“We are delighted to work with Alizz Islamic Bank and are confident that our Vision Banking BI solution will enable them to manage their business more efficiently, provide key stakeholders the pulse of the business at any given point and enable them to take business decisions much faster thereby providing them strong competitive advantage,” said Sukirat Singh Kochar, Executive Director and Chief Revenue Officer, Sunoida Solutions. 

“We are already working with 25+ leading banks in emerging markets and we look forward to building on the success of this project to establish Vision Banking BI as the solution of choice for global and regional leaders in the banking business.”

“Business intelligence and data analytics are key areas of focus for every bank today...Sunoida successfully completed the project for us within four months with utmost quality and passion. The Vision solution is very robust and rich in functionality, brilliantly complemented by Sunoida’s team led by senior bankers,” said Faisal Zakaria, Head of Finance, Alizz Islamic Bank. 

“The Vision solution has already started to provide us valuable business insights and also helping us to address the compliance and business reporting needs of various stakeholders at Alizz Islamic Bank.”

Suleman Dossani, MD and CEO, Sunoida Solutions noted that three prerequisites must come together to deliver a successful BI solution: 

• A flexible and efficient extract, transform, load (ETL) tool to extract data from all sources 
• A banking data model and business rules engine 
• Reports and dashboards 

"We have designed and built all the three components based upon industry best practices within our Vision Banking BI solution and we continue to innovate to provide the best services to our growing client base,” Dossani said.