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Business Intelligence for Banking

Banking, financial services and insurance industries are sophisticated and complex. These industries are subject to significant regulation and they generate mountains of data. For the enterprise that participates in one or more of these markets, it can be difficult to stay abreast of changes in the market, changes in competition, and customer and regulatory changes.

Change is more rapid than ever before, and the enterprise that competes in these markets must find new and better ways to attract and retain clients and to ensure compliance with industry and government regulations. Strict national and international governance and regulation, and merger and acquisition activities require dependable strategies to ensure legal and industry compliance. The enterprise must also achieve an integrated view of data across all systems and data sources in order to provide up-to-date data for analysis and decisions. At the same time, these enterprises must focus on a secure transaction environment to ensure compliance and protect confidential and private data.

The business user must monitor product, transaction and fraud & risk data on a daily basis to leverage the full value of data, and capitalize on market opportunities. The identification and analysis of risk is crucial to the success of a financial industry enterprise. Users must have the ability to view and analyze data and to make swift corrections to strategy, processes and objectives with a full understanding of strategy, client portfolio, customer demographics, and current and planned profitability.

To be successful in this environment, an enterprise must establish and monitor appropriate key performance indicators (KPIs) and matrices, identify and support profitable customers, improve operations at the grass roots level and achieve true business intelligence to understand and improve portfolio performance and predict and forecast results based on trends and business patterns.

The banking and financial services industry is dependent upon a secure transaction environment. Faced with uncertain economics, strict governance and regulation and demanding customers, banking professionals must develop dependable strategies to retain existing customers, and acquire new clients. To be successful in banking and financial investment, an enterprise must identify and support profitable customers, improve operations at the grass roots level and establish and monitor action-oriented business intelligence to understand and improve portfolio performance with Business Intelligence Tool.

KPI / Analytics for Banking

True business intelligence (BI) can support, grow and ensure the success of the bank enterprise and the banking professional.
  • Financial and Operational Performance Management - Financial and Operational Performance Management and Analysis enables financial performance and allows the organization to establish and meet goals and track progress using a large volume of information, integrated from numerous enterprise systems and sources. Banking professionals and stakeholders can monitor the financial health of the organization and create and share reports to comply with government and industry regulations
  • Customer Profitability Management - Customer Profitability Management and Analysis facilitates excellence in customer service and improves customer acquisition with targeted marketing and market research. Users can identify the most profitable customers and analyse buying behavior and preferences
  • Profitability Management - Profitability Management and Analysis helps users to evaluate risk trends and forecast profitability with dependable data.

Aumento BI Implementation for Banking - Benefits at a Glance
  • Balance the risk involved with business and growth while maintaining regulatory compliance
  • Leverage investments in existing resources and infrastructure by integrating data from existing sources
  • Meet regulatory requirements with timely accurate information
  • Produce BI Reports for management on branch performance, customer demographics and other factors
  • Analyze and act on customer business intelligence for promotional activities and plans
  • Provide a 360° view of customer profiles, products, services, regions, sales, marketing and other information
  • Assess all aspects of organization performance, e.g., income, profit, customer satisfaction, flexibility, transformation and growth
  • Perform profit analysis by branch, find and retain the most profitable customers, develop and analyze services and locations, and manage credit risk.
  • Create a simple, intuitive balance sheet with profit and loss reports, standardize portfolio and credit analysis; and achieve full insight into financial and operational results