Banking sector BI comes of age, as Sunoida Solutions named one of 20 most promising global banking tech solution providers

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Sunoida Solutions listed as one of CIO Review’s top 20 most promising banking technology solution providers globally. Without technology, Global banking sector would very quickly grind to a spectacular halt.

"Sunoida Solutions named one of 20 most promising global Banking Tech Solution Providers."

For a sector that relies so heavily on technology in order to operate, the banking sector’s use of tech for business intelligence (BI) purposes has been surprisingly poor. Now, with Sunoida Solutions listed as one of CIO Review’s top 20 most promising banking technology solution providers globally, all that is about to change. Banking sector BI just came of age.

Without technology, the global banking sector would very quickly grind to a spectacular halt. It relies on all manner of programs and processes to keep the world’s money moving around in good order, so why has the sector’s use of technology to manage its business intelligence been so poor?

“Banking BI tools have never truly embraced banks’ needs,” explains Suleman Dossani, MD and CEO of Sunoida Solutions. “It’s because they have been designed by external tech companies who have tried to offer technical reporting tools without fully understanding all of the processes that tie a bank’s reporting and analytics process together. The result has been costly BI tools that take months to implement and then don’t quite provide the functionality and reporting that banks need.”

All that is changing though, thanks to the new state of the art Vision - Banking BI product range from Sunoida Solutions. Vision-Banking BI, Vision-Enterprise Risk Management and Vision-Instant Profit Enhancer have been designed ‘by bankers for bankers’ reveals the dynamic Dossani. The products are exciting enough that CIO Review has named Sunoida Solutions as one of its 20 most promising banking technology solution providers for 2015. It is the only company from Middle East and Africa to be part of this elite list.

In a nutshell, the Vision products enable banks to address the complexities of data management and integration between the numerous banking systems in order to increase efficiencies and ultimately improve financial returns, explains Sukirat Singh, Executive Director of Sunoida Solutions.

“The fact that Vision-Banking BI is a web-based, plug-n-play modular solution is really catching banks’ attention. It uses rules-based enterprise wide analytics in order to do precisely what banks need in terms of providing reporting and analytical capabilities by account, branch, product, business line, relationship, currency, sector, business segments and so much more.

“And what’s more,” adds Singh, “It can be implemented to do all of this extremely fast. Sunoida’s team of senior bankers heads up every project, and clients have been delighted with the speed and quality of our work and with the effectiveness of Vision. Where other companies normally take nine to ten months to complete such project implementation, Sunoida does the job within three months, with the bank staff fully trained and competently using Vision to enhance their company’s analytics and profitability.”

Sunoida’s innovative solution has seen the company establish a substantial client base in the Middle East and Africa. They will be growing this client base over the coming years, as well as expanding their operations to Asia and beyond. With such an exciting range of products at their fingertips, Sunoida Solutions are definitely one of the hottest banking tech companies to watch during 2015.

For further information visit http://www.sunoida.com or contact Sunoida Solutions on +971 4 4357180 or marketing@sunoida.com.

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