The Need for Customer Analytics in Banking Today!

Analytics is a technology that helps all industries, including banking and finance, to support data-driven decisions i.e. to use the power of factual data for effective decision making. They act as a catalyst to support business acumen, particularly in the world of banking, for the industry has the richest amount of customer data. Also, banks…

Financial inclusion and BC Model in India – Progress So Far

Financial inclusion (FI) in India was introduced in the year 2005 by RBI, highlighting its importance and role in the Annual Policy Statement. The concept of this model was to reach out to the under-banked and unbanked population in India while serving them with the basic amenities in banking. Considering a major population that remains…

Early Warning Signals – How Banks can Take Control of NPAs?

The year 2008 financial crisis was no less than a roller coaster ride for the banking industry. The non-performing assets in public and private sector banks soared and impacted directly on the banks’ portfolio. Banks and other financial institutions (FIs) soon realised that they need to be more alert and proactive in maintaining their asset…

Applying BI and Analytics to Fight Banking Frauds

We keep reading news and updates every few days highlighting how banking is transforming with the help of cutting-edge technology. Moreover, the new tools, software etc. utilising the large banking data can prove to be beneficial for financial institutions. How? Let us study further… Data can be used for better decision making and for preventing…