KSA, 13 October, 2015: Saudi Home Loans (SHL), a Riyadh based fully Islamic specialized home finance company, established to provide customer focused products and services to finance home loans, adopts 3i Infotech’s mainline solutions- ORION, KASTLE Universal Lending (ULS) and KASTLE Treasury.
SHL is now equipped with powerful capabilities to manage three key processes – Internal Systems, Data Management & Human Resource Management.
Speaking on the occasion, Jeelani Basha, Geo Head- KSA and Bahrain, 3i Infotech said, “The new system implementation by 3i Infotech has enabled SHL to automate and improve their go-to-market strategy to offer new products in the lending business market. The new system has also enabled the end users to access customers’ information and documents on real time basis which will eventually improve the user performance as well as customer relationship.
Abdulelah Al-Shaikh, CEO, Saudi Home Loans commented, “SHL selected 3i Infotech’s KASTLE ULS (integrated with DMS and OBI), KASTLE Treasury and ORION. We went Live on these solutions in June, 2015. Implementation of these products involved a number of challenges but the dedication and knowledge of 3i Infotech’s team made it to a successful migration into production, and since then, we have been able to serve our customers with superior services. We continue to work closely with 3i Infotech and agree the timetable for the phase two deliverables. We look forward to continue our collaboration and I hope this collaboration will be a long and enduring professional relationship between the two companies”.
KASTLE ULS is an enterprise-wide lending solution that automates the entire lending life cycle from customer acquisition to recovery. KASTLE ULS accelerates commercial lending, consumer lending, home equity, project financing, Islamic lending and micro finance.
KASTLE Treasury is a leading, integrated treasury management solution used by financial institutions worldwide to meet their business objectives. Equipped with holistic picture of an organization’s financial health, KASTLE Treasury offers multi-entity, multi-portfolio, multi-dealing room environment supported by robust risk management, back-office management, and MIS. With the capability of being deployed on Oracle Database 11g Release 2, KASTLE Treasury is now Oracle Exadata & Exalogic Ready.
With the deployment of the technologically advanced ORION ERP system, SHL gets complete control over the value chain and instant access to actionable and critical business information which is imperative for growth oriented businesses to run seamlessly.
Efficient management of SHL transformation adds another feather to the 3i Infotech’s leadership skills in the Banking and Financial Services sector in Kingdom Of Saudi Arabia region.
About Saudi Home Loans –
SHL was established as a specialized Islamic home finance company within the Kingdom of Saudi Arabia. As a pioneer in the home finance industry, SHL provides professional guidance and advice on solutions for making the dream of home ownership a reality. SHL’s corporate governance and risk management standards are consistent with the best global home finance practices. SHL is equipped with state of the art information technology systems as their customers’’ satisfaction is their top priority.
About 3i-Infotech –
Incorporated in 1993, 3i Infotech (www.3i-infotech.com) is a public global Information Technology company committed to Empowering Business Transformation. A comprehensive set of IP based software solutions (25+), coupled with a wide range of IT services, uniquely positions the company to address the dynamic requirements of a variety of industry verticals, predominantly Banking, Insurance, Capital Markets, Asset & Wealth Management (BFSI). Furthermore it offers solutions to the government, manufacturing, retail, distribution, telecom and healthcare sectors. Among its Page 2 of 2 repertoire of IPR based solutions the flagship products of the Company are Premia, MFund, Orion, Kastle ULS and Amlock. The Company has a very strong foothold and customer base in geographies like South Asia, Middle East and Africa, China, Asia Pacific, Kingdom of Saudi Arabia, Western Europe and North America. The Company is also focused on value added services such as business intelligence & analytics services, infrastructure management services, testing & compliance, application development & maintenance, consulting and its BPO offerings. The Company, headquartered in Mumbai, India has over 8,500 employees in more than 20 offices across 12 countries and over 1,000 customers in more than 50 countries across 5 continents.