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 management of Market
Risk. The Bank has seen a significant expansion in its portfolio in terms of volume, diversity in instruments and markets in the last 3 years. This led to an increasing requirement for an efficient and robust measurement and reporting tool for Market Risk management.
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.