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IBS Journal May 2018


17


The modules that were implemented 1 2 3 4 5 6 7 8


Accounting Batch Processing Customer Service Management CSM Admin Financial Template Reports Integration Manager Console IIS Batch Processing Trade Finance


“Cihan Bank opted for a bank-wide implementation,” said Riyadh. “All existing modules were upgraded to iMAL R14, across the bank’s 13 branches in Iraq. The bank also opted for minor customisation to meet KYC and FACTA regulatory compliance requirements of the Central Bank of Iraq, by leveraging the new system feature of dynamic screens in R14 version.”


The entire project took about seven months for the analysis, implementation and go-live stages. There was a minor issue regarding availability of Path’s resources in Erbil, due to the delay in visa processing time, which led to an offset of one week from the planned go-live dates. However, the project was completed within the original scheduled time. The bank staff were also provided with business and technical trainings on the new system.


One of the few challenges during implementation was mainly related to the conversion of a huge number of old reports developed by Cihan IT staff in PowerBuilder to Java and the conversion of existing business processes (wherever applicable) to newer processes. Nevertheless, “the overall implementation was successful”, stated Riyadh. “Functionally, the bank witnessed a vast improvement in the user interface operational efficiency, and an increased speed of batch processing by more than 70%.


The new application being web-based, N-Tier JEE architecture offers


Functionally, the bank witnessed a vast improvement in the user interface operational efficiency


“ Sponsored article 17


9


10 11 12 13 14 15


Islamic Treasury Islamic Profit Calculation Reporter System Administration Report Designer SWIFT


Islamic Invest


The new application being web-based, N-Tier JEE architecture offers better scalability





better scalability as compared with the older releases and helped in reducing the application deployment and routine maintenance costs. Furthermore, it also provided the additional interfaces and features which were not supported in the older version, such as advanced searching options, screen customisation and labelling, new screen creation, 360-degree customer information view, dynamic creation and customisation of reports, and new modifications to the profit calculation system.”


Cihan Bank was quite satisfied with the results of the implementation. Post-implementation, Path Solutions will continue to provide technical assistance to make sure Cihan Bank is able to meet the new regulatory compliance requirements dictated by the Central Bank of Iraq.


KEY FACTS Bank: Cihan Bank Assets: $516 million (2017) Location: 13 branches across the country Supplier: Path Solutions Solution implemented: iMAL R14.0 Modules: Retail Timeline: 7 months


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