Mashreq Selects Skywire Software’s Customer Communications Management to Deliver Successful Statement Re-design Roll-out

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The largest private bank in the United Arab Emirates signs an enterprise license agreement with leading global Customer Communications Management provider.

These documents are often the only communication a bank has with its customers. The impact of color, the placement and style of the logo, where certain information is positioned, and many other seemingly minor details, are critical to how responsive customers are, whether that response is positive or negative.

Mashreq, the largest private bank in the United Arab Emirates, has selected Skywire Software’s Customer Communications Management (CCM) solution to ensure the success of the roll-out of re-branded customer documents. The bank has signed an enterprise license agreement, allowing future expansion of the solution across all operations, including retail and investment.

Mashreq markets a diverse range of products and services including credit cards, consumer lending, trade finance, project finance, electronic funds transfer at point-of-sales, automated teller machines, call centers, treasury, correspondent banking, online and GSM banking and retail banking. With more than 500,000 customers, it accounts for one in every two households in the United Arab Emirates, with a wide range of product offerings in every business segment.

“In-depth market and customer research undertaken over the past three years revealed that there was room for improving Mashreq customers’ perceptions of bank statements. As part of our new direction, we have selected Skywire Software’s Customer Communications Management (CCM) solution to design new documents in order to strengthen responsiveness to bank statements," said Nabeel Malik, head of Retail Banking Group, Mashreq.

"We are expecting to eventually process up to one million pages a month for the bank’s standard and gold account customers. A total of five different documents will be printed: Consolidated Relationship Statement for current and savings accounts, advices, loans and credit cards. This move comes as we constantly seek out new processes aimed at making things better for customers.”

The re-branding roll-out will use Skywire Software’s solutions for batch processing and archival to automate processes and ensure that the new format is available at all the bank’s branches, becoming the standard for all customers.

Michael Turton, the consultant who advised Mashreq on the new format and style of the bank statement, said: “These documents are often the only communication a bank has with its customers. The impact of color, the placement and style of the logo, where certain information is positioned, and many other seemingly minor details, are critical to how responsive customers are, whether that response is positive or negative.”

To retain a professional and a positive relationship with its customers, it was critical that the roll-out of the newly branded statements was handled effectively and in a carefully orchestrated manner that maintains the effectiveness of the re-branding program and eliminates any potential confusion.

Tracey Robinson, vice president and managing director of Skywire Software EMEA, said: “Rolling out re-branded materials effectively is as important as getting the design of customer communications right. We are delighted to be working with Mindscape and Mashreq to ensure that this exciting program is a complete success for the bank and its customers.”

The Skywire Software solution has also been integrated into the Bank’s back-office systems, which comprise of Banksys, its main banking system, Select, for credit card processing, and Flexcube, a program specifically for financial investments running in a Windows Vista environment on HP servers.

About Skywire Software
Skywire Software is a leading software company serving the insurance, financial services, legal and professional services, healthcare and utility industries. The Company develops industry-specific software products that help companies integrate processes, people and information. The company's products and services enable financial service companies to create, publish, manage and archive high-volume, personalized customer communications including investment reports, financial statements and eforms. Skywire Software is dedicated to providing an unparalleled customer experience to more than 2,300 customers worldwide. For more information, contact Skywire Software’s EMEA office at +44 (0) 1372 366 200 or the Company’s headquarters at 1-800-735-6620 or visit http://www.skywiresoftware.com.

About Mashreq
Mashreq is the largest private bank in the UAE and also the second oldest. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts it was the first to launch such products as travellers’ cheques, credit cards and ATMs. It is invariably among the highest performing banks in the region. Last year it recorded a Net Profit of over US$470 million from a Total Operating Income of $844 million. At the end of last year its Total Assets stood at $15.2 billion Mashreq has received numerous international awards, particularly for quality management. According to independent research it has more ISO certifications than any bank in the region by a wide margin. As a leading financial Institution in the UAE Mashreq aims to be world class in every facet of its business, including its social responsibility to the community it serves. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.

© Skywire Software is a registered trademark. All other names, brands or products referenced are the service marks, trademarks or registered trademarks of their respective companies. All rights reserved.

Contact:
Helen Pitts
Marketing
972/377-1110 (main)
214/618-6763 (direct)
http://www.skywiresoftware.com

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