Advanced Business Analytics Enable Better Decisions in Banking

  • Source: IDC
  • Written By:
  • Published:
  • (Originally Published On:) )
Analytics has moved from the specialty of a dedicated few to a necessity for groups of business professionals to do their job. This white paper considers the use of analytics and business intelligence (BI) for improving decision making in the banking industry. It also examines the benefits of prebuilt analytic applications for achieving this objective across functions in a banking organization.

Featured Software Research:

The Power of Analytics Maturity: Achieve Better Business Outcomes by Raising Your Analytics Quotient

  • Source: IBM
  • Written By:
  • Published:
Read about the technologies in IBM's comprehensive, unified business analytics system and how they work together to help organizations grow in analytics maturity—that is, their ability to use analytics to improve business outcomes. Read More

IBM Cognos Insight: Guiding Business Managers to Better Outcomes with Personal Analytics

  • Source: IBM
  • Written By:
  • Published:
Business users need a simple but powerful way to navigate through data and find the insights to make timely, critical business decisions. This paper explores how IBM Cognos® Insight, a breakthrough personal analytics tool, enables business managers to improve performance within their functional areas. It describes the software’s core features and benefits, provides examples of several typical business applications, and explains how Cognos Insight provides a growth path to enterprise analytics. Read More

Wholesale Banking: Challenges in Automating Commercial Credit Risk Management

  • Source: IBM
  • Written By:
  • Published:
The challenges associated with commercial credit are complicated, but through automation, commercial credit risk management can be made straightforward and more efficient. IBM’s Business Analytics for commercial banking can help improve commercial lending operations, and, along with strong risk management practices and modernized operations, can create best practices for implementation and enhance overall operational effectiveness.

It’s essential that an automated system is transparent, helps with compliance, can serve multiple relationship types, and is able to use several criteria for risk assessment. A good system should take into consideration the complexities between customer, loan, and approval processes, and limit the need for multiple individual systems by way of a single user interface or tightly integrated systems.

In this white paper, read a detailed overview from IBM Business Analytics about the advantages and potential challenges of automation in five areas of interest, including complexity of the customer and credit granted, as well as continuous risk monitoring and how to improve overall relationship management. Get details on the management and analysis of commercial portfolios and related documents, business intelligence reporting, and defaults/recoveries management. Also provided is an extensive point-form information checklist, allowing you to self-check your own organization to determine what areas may need attention. Security issues for data protection are also addressed.

Creating infrastructure for your organization for best success begins with choosing the best technologies, and IBM Business Analytics can help, improving profitability and providing solutions that allow your business goals to be realized.  Read More

You may also be interested in these related documents:

Better Business Outcomes with Business Analytics

  • Source: IBM
  • Written By:
  • Published:
In a survey conducted by IBM, 83 percent of CIOs identified business intelligence (BI) and analytics as a key part of their strategies to boost competitiveness. Find out how BI can increase the efficiency and effectiveness of core business processes, and contribute to the creation of high-performing “analytics-driven” organizations that outperform their peers. Read More

Business Analytics and the Path to Better Decisions

  • Source: IDC
  • Written By:
  • Published:
We live in an era of the “intelligent economy.” Organizations are recognizing the need for better intelligence about their business. But how far have we come? And what are the best practices that distinguish companies where employees bring intelligence to decision making? This report considers the use of analytics and business intelligence for improving decision making, and the benefits of prebuilt analytic applications for achieving this. Read More

Banking Analytics with SAP for Banking

  • Source: SAP
  • Written By:
  • Published:
Banks face many challenges in today’s dynamic financial services marketplace. Banks must continuously enhance capabilities for risk and financial management to address market, credit, and regulatory environments that are increasingly complex. Thus, process support for your business strategies is crucial—which is why integrated tools are a must-have for financial accounting, cost controlling, risk management, asset-liability management, and profitability analysis. Read More
 
comments powered by Disqus