Banking Analytics: Grow with Alrasmyat
The banking and financial services industry is experiencing reasonable turmoil due to heightened regulatory environment and changing customer behavior. Also, shrinking demand, globalization and competition are forcing the industry to aggressively look at data, drive analytics and ignite profitable growth.
As customer demands more meaningful data and expect more personalized interactions, it is imperative for banks to have the ability to differentiate clients, their needs and potential worth. Banks now need effective Big Data Analytics to cut expensive, retain customers, reduce losses and reduce risk while complying changing laws and regulations. Alrasmyat’s Banking Analytics Solutions and Business Intelligence Solutions give a deep insight of the banking procedures as well as the cash flow and investments, which helps in better financial planning.
Banks can utilize these solutions in the following ways:
- Track the value of transactions with the help of web-based tools provided for clients and sales team.
- What-if analysis is provided to help clients understand the effects of changes in investment decisions.
- With the help of user-friendly banking dashboards, you can also monitor loans and manage risks according to different regions
- Enhance customer retention, cross-selling and acquisition.
- Pricing structures are optimized.
- Allows banks to manage risk more efficiently by reducing fraud and credit losses as well as making calculated decisions.
- Through integration with relationship management architecture, customer insights are gained.
- In order to improvise reclaim rates and contact rates real-time event management is implemented.