Last updated: July 28th, 2020
In financial services, size and scale have provided the largest institutions with the first-mover advantage through innovative financial technology (“fintech”) to meet changing consumer and commercial requirements for streamlined, digital experiences. To maintain competitiveness, smaller institutions are now quickly marshaling the talent, strategy, and funding necessary to close the gap.
Whether the use case is digital account opening and onboarding, instant lending decision-making, or automated investment advice and financial health, fintech requires trusted, business-ready data to fuel these new engines.
Whether the use case is digital account opening and onboarding, instant lending decision-making, or automated investment advice and financial health, fintech requires trusted, business-ready data to fuel these new engines. Financial decisions – automated or otherwise – cannot be rendered from inconsistent, missing, or erroneous data. High-quality data, delivered on demand, is a significant obstacle for banks that must be addressed.
As a leader in enterprise data management and analytics, Information Builders provides specialized, pre-built solutions to deliver trusted, high-quality data. Using ibi data platform, our financial customers can feed their data-hungry fintech engines to facilitate digital transformation inside and outside their organization, and rise above the competition.
While data is the foundation of a successful fintech operation, successful business transformation also requires that financial organizations glean actionable insights from the customer behaviors, transactions, and profitability of the activities conducted through these new engines. Through our ibi analytics platform business intelligence (BI) platform, organizations are provided with the measures, analyses, and recommendations necessary to optimize these operations to deliver peak profitability and customer service. WebFOCUS enables these insights to serve all users within the organization – not just executives and analysts – with high-performance and secure business intelligence.
Regulatory compliance is paramount in the delivery of these services. Transparent, auditable processes are required. Financial services organizations can address these requirements through consistent, traceable workflows and outcomes in both their data management and BI operations.
Financial industry technology is moving at an unprecedented pace. Growth and success belong to those institutions that rapidly align on strategy adapted to market demands, and execute accordingly. In the fintech era, quality data delivery and actionable business insights serve as the foundation.