Xerago helped a major middle eastern bank achieve a 93% lift in overall efficiency, while simultaneously reducing 85% of overhead costs.

The client is a Qatari-owned financial institution that serves individual consumers, small businesses and corporate customers with a range of Corporate Banking, Retail & Private Banking, Treasury & Investments, International Banking and Brokerage Services. It was founded in 1983 as a part of a Global Banking Group.

Results

Technology

Over 93% efficiency improvement

Significant improvement in review process with zero slippage for recons

Over 85% cost savings due to manual overhead

Better MIS and greater control

100% trail and transparency

Zero customer impact due to incorrect deduction on Escrow accounts achieved

"Process Automation Tool (XIR) Phoenix Core Banking System"

Results

Over 93% efficiency improvement

Significant improvement in review process with zero slippage for recons

Over 85% cost savings due to manual overhead

Better MIS and greater control

100% trail and transparency

Zero customer impact due to incorrect deduction on Escrow accounts achieved

Technology

Process Automation Tool (XIR) Phoenix Core Banking System

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