Case Study: the third largest bank in Oman achieves automated fund management with MoneyWare® Fund Management Suite from Miles Software Solutions

Third Largest Bank in Oman automates fund management in 10 months with Miles Software Solutions

The third largest bank in Oman, an established financial institution founded in 1973, faced challenges with manual portfolio management, lack of core banking integration, and high error rates due to manual processes. To address these issues, the bank partnered with Miles Software Solutions to implement the MoneyWare Fund Management Suite.

Miles Software implemented multiple modules including fund administration, custody, and portfolio risk analytics, integrating them with the bank's existing core system. This automated fund management and trade matching, providing a 360-degree portfolio view and customized reporting. The deployment, completed in 10 months, resulted in reduced turnaround time and errors, streamlined regulatory compliance, and a lower total cost of ownership for the bank.