Today, banks have access to a vast number of data sources that flood their networks with businesses related information. To prevent networks from buckling under the heavy traffic, CIOs are leveraging solutions on Big Data and cloud-based analytics to govern, organize, and control the data flow. These practices help banks organize data and gain valuable insights into the dynamic banking landscape along with improving the business workflow.
Going forward, analytics will play the role of an enabler in the banking sector. CIOs can leverage predictive models combined with business intelligence reports to gain insight into previously unattainable data such as customer attrition rates and bottlenecks in their banking operations. The ability to extract such insights will create new revenue channels and help in meeting client expectations.
The analytics will also empower banks with better decision making capabilities and better governance in their operations. To help CCOs, CFOs, and CEOs find the right banking analytics tool, a distinguished panel comprising of CEOs, CFOs, VCs, analysts, and the CIO Outlook editorial board has selected top players from the sector. The companies listed here demonstrate an ability to develop innovative technologies and methodologies, while providing outstanding customer service.
We present to you CIO Outlook’s 10 Most Promising Banking Analytics Solution Providers 2015.