Faisal Islamic Bank of Egypt, the first Islamic Bank in Egypt, has selected SunGard’s suite of enterprise risk management solutions to help build a new operational framework for improved risk exposure, reporting and Basel compliance. The bank is an active participant in the country’s development projects and a leading player in the Egyptian banking sector which strives to maintain best practices in the region. As part of this, the bank recognized a need to transform its risk infrastructure to comply with international and domestic regulatory standards. The bank plans to centralize all of its risk activities using the SunGard solution suite, which will help the bank identify, measure, monitor and manage risk more effectively. This will also help provide more accurate insight to support investment decision making. The bank will benefit from the solutions’ best practice, out-of-the-box risk reporting and monitoring to help improve balance sheet management and drive value from more sophisticated, forward looking analysis. The bank will also leverage the suite for improved Basel compliance.
