FinTech Magazine August 2019 | Page 118

AL KHALIJI COMMERCIAL BANK P . Q . S . C
118 to the latter , and that the bank is working on systems to assist with the decision making aspect . This includes aspects of compliance , which has also improved with the implementation of AI . “ These areas are where we have our foot in the AI world , and our starting point before we move to offering direct AI solutions to our customers .”
Benderlioglu shares that the adoption of these new technologies is not without its challenges . “ The trickiest part of data and analytics is that the foundation needs to be right from the beginning in order to have a good analytics framework for your internal decision making .” Al Khaliji began its implementation of analytics internally , focusing on regular reporting , management information , decision making systems and compliance . Benderlioglu attributes part of this success to one of the bank ’ s partners , Tyconz , which helped establish the foundations for analytics . “ We are now in a position to offer our analytical power to our customers , and we are in the process of preparing to offer this to
AUGUST 2019