Business Intelligence Solutions
Business Intelligence Solutions are advance tools that assist financial institutions to effectively manage and utilise their banking data – both internal (i.e. customer and business data) and external data (i.e. regulatory compliance, data from social media). In the present day, many of the banks are considering to invest heavily in BI and Analytics. As a result, this technology enables them to decipher and analyse data, generate real-time reports and thus make informed business decisions.
Outline of Business Intelligence in Banking
Business Intelligence is a methodology adopted by banks to address customer and business challenges across the banking landscape. BI reporting tools analyse raw, semi-structured and unstructured data available in CBS database to provide meaningful insights for effective decision making. BI and analytics solutions serve as support systems that identifies patterns, provides situation analysis and promotes strategic planning. They also help banks in introducing innovative products/services, reduce costs and mitigate risks, thereby expanding business opportunities.
Business Intelligence solutions aid financial institutions to reinvent themselves and discover ways of attaining continuous competitive advantages.
Benefits of using Business Intelligence and Analytics in Banks
BI tools help in structuring a strategy that is right and can deliver quick, accurate results within the defined timeframe. It makes sure that the efforts are utilised right where required, so as to maximise returns.
Few of the benefits of using BI in banks are:
Sesame’s BI solution – BEACON ACE
Sesame’s state-of-the-art innovation, Beacon ACE is an intelligent solution that exploits latest technologies and is capable of extracting insights from all sorts of data (new or obsolete; structured or unstructured). Our team of experts has leveraged their expertise and knowledge of over two decades to build this solution that is proven for maximising ROI.
To know more in detail about our high-performing Business Intelligence Solution and its functionalities, click here.