SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Accenture Launches Upgraded Banking Technology Platform at National Commercial Bank
Accenture Launches Upgraded Banking Technology Platform at National Commercial Bank

Next-generation technology allows customers to benefit from faster, more advanced services

Dubai, UAE, March 30, 2017:  Accenture (NYSE: ACN), the global professional services company, has successfully completed the core system replacement of the retail banking operations at the National Commercial Bank (NCB). The highly complex project which took approximately two years to complete, was part of NCB’s NextGen program, which was also undertaken with Accenture. 

The implementation of the project marks significant successes and achievements across various fields within the business. The improved platform provides clients with a distinct banking experience, enriched with additional features and a 50 percent reduction in turnaround time for key processes. 

The platform, which will be deployed across NCB’s network of 374 branches throughout the country, plays a pivotal role in the core banking system’s data-driven transformation. The Accenture team, which supported NCB from the outset, was responsible for strategic program management, core system transformation and change enablement. Commencing with a team of five, the project later expanded in scope to include 25 members from 18 countries at its peak.

NCB’s in-house team ensured that the implementation, training, and maneuvering of the new systems were in line with their unique requirements. The key success factors included direct top management involvement, quick strategic decision-making processes, setup of a dedicated transformation team, and a significant time commitment from the business and IT teams.

Speaking on the importance of digital transformation for the bank’s commitment to enhancing customer service excellence, Firas Al Turki, Head of Shared Services Group at NCB, said: “Launching this project will further enhance the digital development of our financial and banking operations and help expand NCB’s base in Saudi Arabia to become the leading digital bank with outstanding customer service. It also reinforces the bank’s efforts to develop its digital infrastructure by providing the best banking standards that reflect positively on the customer’s experience.”  

Omar Boulos, regional managing director of Accenture in the Middle East and North Africa, said, “Working closely with NCB, we were able to achieve several key milestones and replace the core banking system in a relatively quick timeframe. We are proud to see our efforts culminate in a grand-scale transformation and are pleased that NCB will capitalize on this success to speed up processes and increase efficiencies.”

Amr El Saadani, managing director and Financial Services Lead at Accenture in the Middle East and North Africa, said, “We are delighted to see the results of our joint work and are keen to continue our partnership with NCB. This project will set a benchmark for similar programs in the region, and we look forward to wider collaborations of this nature across sectors.”

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 9237 times
PR Category : Banking & Investments
Posted on : Thursday, March 30, 2017  1:40:00 PM UAE local time (GMT+4)
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Celebrate the Festive Season With Chloe Eau De Parfum [50922-Views]
Roberto Cavalli Gold Collection [49852-Views]
Let It Glow [36018-Views]
What Procedure I Got Done to My Skin [19569-Views]
DKNY Launches (Limited Edition) Holiday 2018 Collection [16990-Views]
Marni Introduces Marni Rothko, A 7-layer Acetate Frame With a Vivid, New Color Palette [14001-Views]
PopSockets launches a new collection with crystals from Swarovski, the must-have accessory for the H... [13977-Views]
Interview with Asil Attar, CEO of Al Yasra Fashion [13960-Views]
HP ProBook x360 11 G3 and G4 Education Edition [12894-Views]
Marchon Eyewear, INC. And Victoria Beckham LTD. Sign Exclusive Global Licensing Agreement for Eyewea... [12841-Views]
From Tracks to the Street: Puma Re-issues CELL Venom [12074-Views]
Completes Acquisition of Versace [9602-Views]
Michael Kors Unveils Spring 2019 Michael Kors Collection Ad Campaign [9328-Views]
Profeta - Premium Range of Halal Vitamins and Supplements for Men, Women and Children [8749-Views]
INJAZ Al-Arab Gears-up for the 12th Annual Young Arab Entrepreneurs Competition to be held in Kuwait [6785-Views]
Introducing Burberry Bespoke Fragrances [6482-Views]
Sony Unveils Newest Products and Introduces Latest Efforts from Entertainment Businesses at CES 201... [6154-Views]
Rolls-Royce Motor Cars Achieves Historic Business Record [5514-Views]
LG Electronics' Promise of AI for an even Better Life Delivered at CES 2019 Keynote [4645-Views]
19 reasons to fly with British Airways in 2019 [4551-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories