Banking Analytics Solutions Companies - Banking Analytics Companies
bankingciooutlook
Lanica Solutions: Delivering Analytics and Financial Digital Transformation Tools to Drive Banks' Success

Top 10 Banking Analytics Solution Companies - 2021

While having a pool of data to work with is fantastic, not all data in the big data analytics universe is equal. The proportion of valuable data is constantly growing, making it necessary for banks to filter through unnecessary data. The outcomes of big data analytics are also heavily influenced by data quality. Separating structured data from unstructured data to verify its validity, correctness, completeness, timeliness, and other characteristics is crucial to the success of big data analytics. Due to the limited potential to process large amounts of transactions quickly, older banking systems can sometimes become barriers to big data. Using outdated infrastructure to collect, store, and analyze the requisite data volume puts the system’s stability at risk.

It has become critical to leverage unstructured data and structure it properly to uncover correlations between them. Using innovative analytics tools in conjunction with machine learning, natural language processing, and AI helps deliver accurate results. Business disruption is an essential factor that must not be overlooked. However, it is not always possible to eliminate legacy systems quickly, which is why banks must transition these systems effectively to join the big data narrative. Working to increase processing capacity or reconstructing systems using cutting-edge technology, such as cloud computing, could be a viable option.

At this juncture, various banking analytics companies are entering the market to cater to the different needs of enterprises. To help them choose the solution that best fits their requirement, Banking CIO Outlook has compiled a list of some of the most promising banking analytics solution providers. Besides, the magazine also comprises insights from thought leaders on industry trends, best practices, recent innovations, and their advice for aspiring CIOs.

We present to you Banking CIO Outlook’s ‘Top 10 Banking Analytics Solution Providers - 2021’.

    Banking Analytics Solutions Companies

  • Positioned as one of the leading software technology companies in the industry, Lanica Solutions builds innovative, cross-functional, and customized integrated solutions with built-in intelligence, advanced analytics, and interactive digital banking capabilities. It is dedicated to helping financial institutions and their leaders increase analytics, financial digital transformation, and operational efficiencies by eliminating labor-intensive processes. The company’s flagship products are 1) a Data Management and Repository solution that acts as a centralized repository for clients’ documents, competitor statements, service agreements, RFPs, and presentations, and offers data analytics and dashboard reporting, which provides insight into their clients and the bank’s direct competition. And 2) A turnkey Project Management Solution (PMS) customized and specific to the financial services industry.

    lanicasolutions.com

  • Alteryx

    Alteryx

    Alteryx unleashes the power of data analytics to help people everywhere solve business and societal problems. As a global leader in analytic process automation (APA), Alteryx unifies analytics, data science and business process automation in one, end-to-end platform to accelerate digital transformation. Organizations of all sizes, all over the world, rely on the Alteryx Analytic Process Automation Platform to deliver high-impact business outcomes and the rapid upskilling of their modern workforce

  • Aspire Systems

    Aspire Systems

    Aspire Systems is a global technology services firm serving as a trusted technology partner for their customers. They work with some of the world's most innovative enterprises and independent software vendors, helping them leverage technology and outsourcing in their specific areas of expertise. Their core philosophy of "Attention. Always." communicates their belief in lavishing care and attention on their customers and employees.

  • Finastra

    Finastra

    Finastra is the orchestrator of open finance; building and delivering innovative, next-generation technology on our open Fusion software architecture and cloud ecosystem. Their purpose is to unlock the power of finance for everyone & redefine finance for good. They’re creating a pioneering open platform that’s disrupting the financial industry, changing how financial software is developed and used. They believe in collaboration for innovation, to unlock the potential of people, businesses and communities.

  • MicroStrategy

    MicroStrategy

    MicroStrategy Incorporated is a company that provides business intelligence, mobile software, and cloud-based services. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze internal and external data in order to make business decisions and to develop mobile apps. MicroStrategy provides modern analytics on an open, comprehensive enterprise platform used by many of the world’s most admired brands in the Fortune Global 500.

  • Oracle

    Oracle

    Oracle is a cloud technology company that provides organizations around the world with computing infrastructure and software to help them innovate, unlock efficiencies and become more effective. They also created the world’s first – and only – autonomous database to help organize and secure our customers’ data. Oracle Cloud Infrastructure offers higher performance, security, and cost savings. It is designed so businesses can move workloads easily from on-premises systems to the cloud, and between cloud and on-premises and other clouds. Oracle Cloud applications provide business leaders with modern applications that help them innovate and attain sustainable growth

  • PeerIQ

    PeerIQ

    PeerIQ is a SaaS company delivering transparency and efficiency to the consumer credit ecosystem. The funding of consumer credit — like corporate and mortgage before it — is transitioning to the capital markets. They are devoted to creating positive impact by focusing on the values of transparency and efficiency. They are helping lenders and investors better analyze, manage, and transfer loans and increasing the efficiency, transparency, and integrity of the lending markets.

  • SAP

    SAP

    At SAP, their purpose is to help the world run better and improve people’s lives. Their promise is to innovate to help their customers run at their best. SAP is committed to helping every customer become a best-run business. They engineer solutions to fuel innovation, foster equality, and spread opportunity across borders and cultures. Together, with their customers and partners, they can transform industries, grow economies, lift up societies, and sustain the environment.

  • SAS

    SAS

    Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 70,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world The Power to Know

  • Tableau Software

    Tableau Software

    Tableau Software is an American interactive data visualization software company focused on business intelligence. It was founded in 2003 in Mountain View, California, and is currently headquartered in Seattle, Washington. In 2019 the company was acquired by Salesforce for $15.7 billion.Tableau helps people see and understand data. Their visual analytics platform is transforming the way people use data to solve problems.