Banking industry is facing challenges of very tough market requiring highly secure transaction environment, dicey economics, strict governing regulations and always-demanding customers with greater levels of expectations. Banks need to develop strategies not only to retain existing customers, but also attract new customers. This demands identifying and supporting profitable customers, improved operations at grass root levels and handy action-oriented intelligence on portfolio performance.

Some of the areas where Business Intelligence tool ElegantJ BI Solutions can be applied to Banking:

• Financial and Operational Performance Management - Financial and Operational Performance Management Analysis enables to helps banks set financial performance goals and track their progress from huge amounts of information. Helps to determine overall financial health

• Customer Profitability Management - Customer Profitability Management Analysis facilitates to identify customers’ service needs and acquire new customers with targeted marketing Helps to identify their most profitable customers and their behaviours and preferences.

• Profitability management - Profitability management Analysis evaluates risk trends. Helps to identify the most profitable customers and their needs.

Other Analysis Areas:

• Credit Analysis

• Regulatory compliance

• Operations management

• Loan Monitoring

• Dealer Loan Analysis

ElegantJ BI provides several business intelligence benefits to Banking.

Business Intelligence Advantages

• Balance risk involved with business and growth while maintaining regulatory compliance.
• Leverage investment on existing resources and infrastructure by pulling data from existing sources.
• Meet regulatory requirements with timely accurate information.
• BI Reports for management on branch performance.
• Intelligent customer information for promotional activities.
• A complete customer intelligence solution providing 360-degree view of customer profile.
• Assessment of all aspects of organisation performance like income, profit, customer satisfaction, flexibility, transformation and growth.
• Helps perform profit analysis by branch; pickup most profitable customers, services and locations; manage credit risk; create balance sheet with profit/loss reports; standardize portfolio and credit analysis; and have a 360-degree overview of financial and operational results.

Moreover, with ElegantJ BI balanced scorecard software organizations across all industries can achieve continuous improvement through Key Performance Indicators (KPIs) or Key Performance Metrics enabled process performance monitoring against the set targets - KPI for Banking, KPI for Finance Services, KPI for Insurance, KPI for Retail, KPI for Manufacturing, KPI for Pharmaceuticals, KPI for Healthcare, KPI for Hospitality & Entertainment, KPI for Life Science, KPI for Oil, Gas & Energy, KPI for Transportation & Travel, KPI for Utilities, KPI for Shipping, KPI for Education, KPI for Telecom and KPI for Government & Public Sectors.