Data warehousing project completed

Jordan Kuwait Bank has completed the implementation of a data-warehousing project, with the support of United Business Machines. The management information system will allow the bank to generate reports automatically and combine multi reports at a faster and more accurate rate

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By  Peter Branton Published  March 13, 2005

Jordan Kuwait Bank has completed the implementation of a data-warehousing project, with the support of United Business Machines. The management information system (MIS), which is based on specialist banking software from vendors Silverdale will allow the bank to generate reports automatically and combine multi reports at a faster and more accurate rate, bank officials said. Previously Jordan Kuwait Bank had generated the reports through its NBS (core banking system), and then consolidated them on a PC, which used to take up a lot of time. “Before the system the IT team had to customise the reports. So, if you as a manager wanted to see some information, our team would have to implement a report or a screen or some way for you to access that information and provide that information for you as part of the banking system,” said Naser Khreshah, IT manager, Jordan Kuwait Bank. The MIS technology now claims to allow management and employees to prepare daily reports, internal reports, analysis reports, central bank reports, monthly and year-end reports faster and more accurately. The project will also enable the bank to utilise performance management tools, data base consolidation and database cleaning. “The technology allows users to actually look at the data from different views, without us having to customise these reports as IT. It will reduce the IT effort in customising some of the reports,” said Khreshah. The IT team at Jordan Kuwait Bank has played a major role in the implementation of MIS, Khreshah said. “Our IT team has been a development partner in this project. They actually created some of the reports, helped in the implementation and created the bridges to the core banking system, and are fully trained in all aspects of the technologies that the system is based upon,” he explained. “I do not see it as replacing the core banking system nor do I see it as replacing the typical IT activities that we still have to perform. MIS helps the bank to become more informed, more efficient and it will help banks to better use resources,” Khreshah added. The project implementation has been an ongoing process and was finally completed last month. It is the first of its kind on a regional level, bank officials claim. “It is our responsibility at the bank to make sure that we are delivering ervices to our customers according to international standards,” said his Excellency Abdel Karim Kabarti, chairman of Jordan Kuwait Bank. “Accuracy and speed are crucial factors in the success of any bank, the implementation of this new system will enable us to enhance the level of our services,” he added.

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