Flexibile solutions for an evolving industry

Bank of London and The Middle East (BLME) – a newly established, UK-regulated Islamic bank, with its own Sharia Supervisory Board – needed an overhaul of its technology to fulfil its expansion plans. Based since 2007 in London, the largest Islamic financial centre outside the Muslim world, BLME’s focus on high net worth customers demanded a modern yet cost-effective technology solution, enabling it to offer differentiated services to this discerning customer base. Nigel Dennison, BLME’s head of asset management and markets, and Adrian Gayler, head of private banking, explain to PWM the details of their bank’s business model and how they hope to enhance this through the implementation of the Oracle Flexcube private banking solution