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.
