Ireland’s financial services sector looks to AOMi for improved operations performance 

Leading banks and financial organisations are choosing international specialist’s method-driven approach and cloud-based software in support of improved productivity

Active Operations Management International (AOMi) has announced major contract wins in Ireland, including a new deployment with Dublin-based Bank of Ireland.

Widely used in the global financial services industry, Active Operations Management (AOM™) combines best-practice operations performance management approaches with its Workware™ planning and control software platform. The rapid payback and results delivered via AOM address analyst beliefs that, in the current static market, improving performance and control is important for European banks and financial services companies.

The announcement follows AOMi’s acquisition of RedOwl Technology Ltd in April last year, which has offices in Limerick, extending the firm’s footprint in Ireland.

“The growing demand AOMi is seeing in Ireland stems from an industry-wide need in the financial services sector to make internal operations match fit and ready for growth,” said AOMi Chairman John O’Connell. “By increasing their operational agility, organisations are much better equipped to deal with strategic change, from boardroom reshuffles to the introduction of new processes or regulation. It also supports financial services businesses in reacting to and managing external factors, such as adjustments to lending criteria.”

Commenting on the current industry themes contributing to a rise in demand for improved operations performance management, Alex Potter, a banking analyst at Mirabaud Securities Revenue, said: “At the moment, growth opportunities remain limited for European Banks because of stable interest rates and limited new sales of debt into an already saturated banking system.

“With Basel III and other emerging standards pushing up capital requirements, growing the loan book becomes tougher still. This results in further pressure on cost control, cutting out bad costs, re-investing in good ones and doing more for the customer, for less. All of which makes any solution able to improve performance and control extremely attractive, especially where results can be rapidly delivered without the risks of major technology change.”

In December, AOMi confirmed a 40% uptake in users of its proprietary cloud-based Workware software in just six months across Europe. Worldwide, organisations already using AOM, such as Abu Dhabi Commercial Bank (ADCB), South Africa’s Nedbank and Barclays Africa, have all extended the number of Workware users in recent months. In all, AOMi now has 20 banks operating on five continents as clients and is managing around 30,000 staff within these organisations.

For more information contact:
press@activeops.com

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