Bank reporting & analytics

• high competition in the market of financial services
• compliance with the requirements of national regulators and supervisory bodies
• the need to reduce costs and attract the more clients

The key role in the ability of the financial institution to operate successfully in those conditions plays the quality and availability data, which is used and processed by the bank. In some cases, the tools used in banks for the reporting and analyses do not ensure the integrity of the data used. They also do not allow the fast processing of large amounts of data, both structured and unstructured data, with a high rate of accuracy. Most types of data analysis performed by financial institutions are not systemized and serve mostly for short-term analysis. Today, for the institutions in-depth analysis is needed, which enables the financial institution to move from a model of “prevention and response” to a “planning and management” model.

Modern analytical systems provide an opportunity to process all available information, including the operations of customers in a variety of systems and channels; customer data, market indicators, domestic banking, information from data warehouses, and other systems of the bank.