Gulf Investment Corporation (GIC) today announced the successful completion of implementing iCreate's Banking BI and Analytics solution - Biz$core, as the singular platform to manage their Asset Portfolio Management.
With an expansive and complex portfolio landscape, GIC required a performance and risk analysis solution to understand the success / failure of investments, at multiple levels, so as to monitor and manage portfolios better. It was also imperative that the solution had to adhere to an industry benchmark - GIPS (Global Investment Performance Standards) - a set of ethical standards for investment performance presentation to ensure fair representation and full disclosure.
GIC chose banking technology specialist iCreate’s Biz$core to integrate their intelligence requirements on a single platform , to gain a true view of investments using 3 critical dimensions - performance, position and compliance, and also analyze risk at a managerial as well as an enterprise level, to control, monitor, and report on multi-asset class portfolios, so as to enable strategic asset allocation decisions. View detailed case study here.
Speaking on the occasion, Mr. Hani Al-Shanks, GIC’s Head of IT said, "In iCreate we found the right kind of partner who was flexible and went the extra mile to deliver on our envisaged objectives.”
Mr. Arun Ratra, Head of GIC’s GMG Group added, "iCreate helped us gain a holistic view of our investments, using the dimensions of Performance, Position and Risk, to enable informed decisions. iCreate unified the data from multiple platforms across various BUs to achieve this task.”
“We discovered iCreate to be a highly responsive team with a ‘whatever-it-takes’ work ethic”, said Mr. Alex Romero, VP-IT, GIC. “Also commendable is their professional maturity in engaging with the multiple stakeholders in the project.”
Mr. Vivek Subramanyam, CEO, iCreate, added, “I am delighted to know that iCreate will be contributing value to GIC’s mission of fostering economic growth and diversification in the region. I am equally happy to note that our flagship BI and Analytics product, Biz$core will play a pivotal role in helping GIC retain its position as an asset management leader.”