We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 21 Dec 2000 04:00 AM

Font Size

- Aa +

EBI goes into COLD Storage

Emirates Bank International has taken another step towards a more efficient, paperless office with the deployment of a laser disc-based document archiving system.

Emirates Bank International has taken another step towards a more efficient, paperless office with the deployment of a laser disc-based document archiving system.

Emirates Bank International Group will enhance its document management and archiving systems with the deployment of a laser disc-based storage system. The Synergy 2000 system, supplied by Advanced Business Systems, will initially be deployed in the bank’s head office division and its card division, Network International.

Synergy 2000, produced by SER Macrosoft, is a computer output to laser disc (COLD) system, which automates and streamlines report management. The solution allows online document access and reporting, and is capable of processing over 600,000 pages per hour. It is already in use in over 1500 financial institutions around the globe.

“We chose this COLD system because it is among the world leaders in report archiving and document management technology. In addition to delivering substantial benefits in terms of our internal processes in a short period of time, our customers will also benefit from faster response times and the speed at which we can process queries. This system allows EBI to take yet another vital step to realizing a full e-banking environment for the future,” said Abdulla Qassem, chief manager information technology, Emirates Bank Group.

"Our conservative estimates are that the COLD system will have paid for itself within 12 months, simply as a result of the time savings by our users and management in sourcing and accessing key reports and information and, the removal of the paper trail."

The first deployment of the COLD system will focus on report management for the bank's head office and card section, and should be completed April 2001. After that ABS will manage the rollout of COLD to the rest of the EBI group.

The bank sees deployment as major step towards a paperless office environment: "The implementation of the COLD system from ABS is a key step toward fully automating the non-structured data within the EBI Group and delivering the benefits of a fully electronic document management and workflow system,” commented Naushad Kermalli, group systems development manager, EBI. “Once tested and proven, we plan to role the system out throughout the EBI Group, extending the benefits of more efficient business processes throughout our entire institution."

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.