British Arab Commercial Bank (BACB) is using IBM Business Analytics to streamline and automate operations and reduce liquidity risk.
To meet regulatory requirements and compete effectively as a trade finance organisation in Arab markets, BACB needs access to timely, accurate and detailed analysis of financial management information. By using real-time analytics, the bank is better able to assess liquidity, understand customer opportunities, and mitigate risk. It is using the software to visualise its current assets, liabilities and commitments and compare them against ‘what if’ scenarios, to make crucial business decisions.
“IBM analytics software has helped reduce the bank's exposure to risk by eliminating its dependency on spreadsheets which were subject to inconsistent data due to human error,” says Crispian Denby, chief financial officer at BACB. “Our confidence in the accuracy of our information has led to faster, more responsive decision-making which ultimately helps us maintain our leading position in the Arab trade and project finance market.”
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