Barwa Bank operates in an environment that has witnessed rapid changes in customer expectations and the regulatory environment and these have required technological innovation. Barwa Bank has adopted a pro-active approach in managing these challenges. One of the key focus areas for the Bank is the compliance with capital
adequacy requirements from Qatar Central Bank. The Bank has seen a significant expansion in its operations and portfolio in the last 3 years and has also made several acquisitions. This led to an increasing requirement for the efficient and robust solution for risk calculations and impeccable reporting tool to assist the analysis.
Barwa Bank selected Oracle for a complete Enterprise Risk Management solution and Techlogix as its implementation partner. The first phase of the project focused on Operational Risk to be followed by the implementation of Basel II and Market Risk. In the second phase, additional risk modules will be implemented. Techlogix has successfully delivered and taken live all the three modules in phase I.