Deutsche Bank has become the latest bank to upgrade its IT systems. The new system, according to the investment bank, allows Deutsche Bank to identify trends and resolve problems preemptively.
Upgrading IT systems in order to better control resources, second-guess outcomes and improve communications between branches is all the rage in the financial sector. Just a few weeks ago, Santander, which bought up a number of UK banks, brought all of its new acquisitions into line with its new platform, allowing greater visibility for employees and more convenient services for customers.
Inatech’s recent contract with Dubai Bank is another example of how the financial sector can benefit from more efficient systems. Dubai Bank’s Oracle Human Resource Management System was migrated, by Inatech from a Windows operating system to a Linux platform. At the same time, Inatech upgraded Dubai Bank from Oracle E-Business Suite R11i to R12, the latest Oracle offering.
The implementation meant that Dubai Bank’s system was able to cater to scalable, long-term information management and financial reporting requirements, which deals not only with current requirements, but also prepares the system to cope with future demands. It also provides transparency across the organisation, as well as automatic service level alerts across the business.
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