Comprehensive IT Evaluation
Middle East Commercial Bank
Bank has an unbiased and objective assessment of their banking systems and solid recommendations and an RFP and project plan for moving forward. After one year of not making any decisions on what to do with their current banking systems, the Bank finally agreed on a direction of modification/enhancement based on the LoBue recommendations. A prioritization methodology was developed, based on rigorous cost/benefit analysis and objective scoring, which assures the limited Bank capital will go to the highest return projects, thereby increasing the bottom line directly. Over 50% of existing IT initiatives were cancelled as low return and off-strategy efforts.