Barwa Bank, the newest bank in Qatar, provides a full range of banking services including retail, corporate and commercial banking, business banking, private banking, real estate finance, structured finance, investments and asset management. In the last 3 years the Bank has also made significant acquisitions in consumer financing and investment banking.
Barwa Bank operates in an environment that has witnessed rapid changes in customer expectations and the regulatory environment. These changes have required technological innovation. One of the key focus areas for the Bank is Enterprise Risk Management (ERM) in general and Operational Risk management in particular. The Bank has seen a significant expansion in its operations in the last 3 years due to several acquisitions in consumer financing. This led to an increasing requirement for the efficient and systemic management of operational risk.
In 2012, the 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 and all three modules have now been taken live by the Bank.