KUALA LUMPUR, 18 AUGUST 2008 - Malaysia's EON Bank Group has selected business solutions firm SAS Malaysia to upgrade its business through greater use of business intelligence (BI) technology.
According to EON, RM25 (US$7.48) million is to be invested over five years in integrated banking intelligence solutions from SAS Malaysia. The project aims to improve the structure, control and consistency of the group's data landscape and organisation to enable better performance management, more efficient and accurate reporting and to support the initiatives of the various business units.
EON Bank Group chief executive officer, Albert Lau Yiong said, In today's fast evolving business environment, companies that wish to progress ahead of others, must have a competitive edge.
EON's strategic priorities include achieving sustainable and profitable growth by building scale in conventional, as well as Islamic, banking businesses.
The bank group has focused on becoming a three core business, consumer banking, SME banking and Islamic banking. As a mid-sized banking group, EON will continue to strengthen its position by driving theses three areas.
A Quantum Leap
EON recently launched Project Quantum Leap where strategic initiatives, including building the required infrastructure, were formulated and projects with the biggest impact on revenue growth were prioritised
The Banking Intelligence solutions from SAS are tailored to the needs of the banking industry. SAS Banking Intelligence Solutions will be used to improve customer relationship management, business performance management, risk management, compliance and systems performance.
In addition, an enterprise wide business scorecard with banking specific key performance indicators (KPIs) would provide a single, strategic view of an enterprise to help drive the banking strategies forward
SAS Malaysia managing director Jimmy Cheah said, The enterprise wide implementation in EON Bank Group will mark a new era in the bank's pursuit to reinvent banking for its customers.
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