The banking sector relies heavily on reducing risk and increasing revenue. To achieve such goals, banks need to pay heavy attention to data and transform their business operations accordingly. This is why over 90% of the top 50 banks are using data analytics in their business operations. Analytics helps banks detect fraud, streamline operations, and develop innovative products.
Understand your visitors and better target existing and new customers for increased market share.
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Optimize operations and conserve organizational resources by simulating different scenarios based on KPIs and outcomes.
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Detect and take action on financial fraud. Prevent fraud before it even occurs using fraud prevention.
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Assess your organization’s data potential and start a data transformation.
More About DELTAA global bank wanted to cut costs and become more customer centric.
Using data analytics, the bank found that customer behavior rapidly shifted, such as the 36% decline in branch usage seen in 5 years.
The bank decreased the number of branches and shifted their focus to online banking. This, amongst other business decisions, allowed them to cut costs by over $1.5bn in one year.
