3i Infotech sets benchmark in KSA with Saudi home loans

-          ORION, KASTLE Universal Lending (ULS) and KASTLE Treasury are amongst  the chosen products

India, 19 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.