First Gulf Bank, one of the largest equity-based banks and a leading financial institution in the United Arab Emirates, has increased its usage of Monarch, the leading report mining and business intelligence tool.
It has upgraded to a concurrent Monarch Professional Version 8 licence for simultaneous use by multiple users and has also placed an order for Monarch Data Pump, the automated server-based information delivery and data Extraction, Transformation and Loading (ETL) solution.
Monarch Data Pump automatically imports, transforms and delivers data mined from report files, PDF files, databases, spreadsheets, OLE (object linking and embedding) database sources and HTML files. It also automatically exports reports and data where and how they are needed, updates rows in tables and delivers data and reports to the appropriate recipients.
First Gulf Bank is believed to be the first bank in the region to implement Monarch Data Pump. Rob Graham is the Product Manager at Datawatch Middle East, "I am delighted with the Bank’s decision to increase its Monarch usage and not surprised it is the first in the region to install Monarch Data Pump; it is after all the First Gulf Bank."
"Companies greatly benefit from Monarch Data Pump's automation to make fast, intelligent business decisions; many now also use it to export directly to SharePoint," said another Datawatch spokesperson. "Monarch Data Pump offers a painless, non-invasive means to access and transform output from legacy systems and third party data providers and use it to solve business problems. Monarch Data Pump is information made easy."
Established in 1979 and headquartered in Abu Dhabi, First Gulf Bank provides financial services across the UAE with branches in different business and industrial areas such as Abu Dhabi, Dubai, Sharjah, Fujairah, Ajman, Al Ain and Ras Al Khaimah. The bank offers financial services and solutions in Corporate Banking, Treasury and Investment and Retail Banking to private and public institutions as well as many retail customers. The bank was one of Datawatch Middle East’s first customers just over a year ago.