Bank to use advanced analytics in
bolstering decision-making, customer service and
Sharia compliance
SINGAPORE, June 27,
2024 /PRNewswire/ -- Azentio Software ("Azentio"), a
leading end-to-end software company specializing in the BFSI
sector, has announced that Banque Populaire de Mauritanie ("BPM"),
one of the largest financial institutions in Mauritania, is now live with iMAL Business
Intelligence (BI) – a strategic BI platform that
empowers banks to take more effective decisions, faster. The
solution's advanced analytics will help BPM to simplify its data
management processes and extract valuable and relevant insights for
data-driven business outcomes.
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BPM's continued growth pivots on the banks' ability to
effectively address multiple opportunities such as assessing
high-margin revenue streams, ongoing innovation in Islamic banking
products, reducing customer churn, improving customer-centricity
and capitalising on high-growth opportunities. Data insights will
give BPM quick and easy access to the essential data which is
critical to their success and will offer the bank real-time
insights while also significantly improving analysis, storage and
data collection.
iMAL BI offers a variety of customized interactive reports,
dashboards, and data visualization options to identify trends,
patterns, and insights to take effective and proactive actions. BPM
can expect a comprehensive view of data from multiple platforms and
across departments which will ease collaboration and quicken
communication within the organisation.
BPM has been utilizing iMAL, an industry-leading Islamic core
banking platform since it first expanded operations into universal
banking in 2012. The platform has consistently powered BPM's growth
trajectory, helping it to speedily evolve and deliver innovative
products and services to satisfy evolving customer needs while
ensuring the bank conforms to Sharia values.
Limam Ebnou, CEO of BPM, stated, "BPM
has continuously endeavoured to stay ahead of the curve in our
markets and with our customers. Azentio's domain expertise and
business know-how has undoubtedly been a contributing factor in
achieving this over the years and we are proud to continue to grow
and strengthen this relationship with them. We chose iMAL BI as we
can see that it has sophisticated data mining, benchmarking,
analytical and visualisation capabilities to empower our teams with
the data they need to make decisions, with speed, that drive real
change."
Sanjay Singh, Group CEO of
Azentio, commented, "We are proud of our long association
with the leading Islamic bank in Mauritania. BPM has successfully transformed
the banking segment in the region by reimagining their approach
across the business, their technology and operating model. With
iMAL BI, our objective is to help them with the right tools to
access the right data, at the right time, to effectively reshape
business and drive growth while improving operational efficiency.
The platform will provide BPM with state-of-the-art problem-solving
capabilities to reduce process inefficiencies and strengthen their
customer engagement practices."
About Azentio Software
Azentio provides mission-critical software products across
Asia Pacific, Middle East, Africa and India to banks, financial services providers,
and insurers. It also provides ERP solutions to mid-market
enterprises. The company's flagship platforms include Azentio
ONEBanking, Azentio ONECapitalMarkets, Azentio
ONEInsurance, and Azentio ONEERP. The flexibility
that comes from its software platforms allows a host of
applications to work with a single source of data and equips
clients with workflow, analytics, document management and flexible
integration mechanisms. Azentio Software Private Limited is wholly
owned by funds advised by Apax.
About Banque Populaire de Mauritanie
Headquartered in Nouakchott,
Mauritania, Banque Populaire de Mauritanie ("BPM") is an
Islamic bank offering individuals, professionals, and businesses an
innovative range of products and services in terms of deposits,
financing, and participatory investments. Founded in 1998 as a
Financial Credit Institution and transformed into universal bank in
2012, the bank has today expanded exponentially, with branches
covering most of the country's major cities, including 20 in
Nouakchott alone.
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