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Top 10 Banking Analytics Solution Providers - 2018

The data explosion which shall reach around 40 trillion gigabytes of data by 2020, contains the information required by banks to analyze and hone their business processes. This is where business intelligence (BI) employs tools to gather, process, and analyze the voluminous data from multifarious sources for new business insights. Banking analysis can facilitate the creation of targeted marketing campaigns, report compilation, compliance with regulatory requirements, while maintaining the banking organization’s competitive spirit and profitability.

BI empowers banks to boost profits, cut costs, and compete locally and globally. BI enables the banking industry to manage risk with new insights into their systems, transactions, customers, and environments. Detection of fraudulent activity and prevention of future fraud are also possible with the transparency that BI grants banking systems and predictive analytics. A better understanding of the customers’ needs enhances the integration of the banks’ marketing and sales automation with BI resulting in revenue enhancement as well as customer profitability.

Using BI, solution providers are spotting patterns in historic metrics and setting goals to improve upon them. User-friendly and informative executive dashboards help users visualize data to analyze their banking metrics such as loans, expenses, profit and loss by region, and more. The major concern of regulatory compliance can be addressed with BI, that enables banks to gather, organize, and analyze data, prepare reports, and comply with regulations. Solution providers with such capabilities leveraging technologies such as big data, blockchain, cognitive analytics, and more are emerging and driving smart investment decisions in the banking industry.

To help CIOs and CFOs find the right banking analytics solution provider, a distinguished panel comprising CEOs, CFOs, VCs, analysts, and the Banking CIO Outlook editorial board has selected top players from the sector that have the capability to develop innovative technologies and methodologies along the banking value chain, while providing incomparable customer service.

We present to you Banking CIO Outlook’s Top 10 Banking Analytics Solution Providers – 2018.

Company Logo Company Name Company Description
Alteryx Boosts conventional methods for understanding the analytic possibilities in banking and financial services survey passing, SEC fillings, fraud ring detection, and more
BankBI Helps banks to gain new insight into branch and product performance and profitability with in-depth banking performance analysis
DebtX DebtX assists commercial banks, insurance companies, investment banks, government agencies increase profitability and reduce risk with comprehensive loan sale advisory services creating liquidity in loan portfolios
Feedzai Feedzai develops and delivers a machine learning platform that allows banks and merchants to identify fraudulent payment transactions
FINCURA FINCURA is leveraging rapidly improving machine learning and AI technology to automate the repetitive manual processes behind corporate lending
Guardian Analytics A pioneer and leading provider of behavioral analytics solutions for preventing banking fraud
Journey Technology Solutions Benefiting community financial institutions by providing analytics solutions for behavioral analysis, complex board and management reporting and data aggregation
Kentara Analytics Provider of risk data analytics and assessment services to banks and credit unions, helping lenders to manage talent, improve loan quality, and increase profitability
RiskSpan Takes a holistic approach to help financial professionals maximize how they use data to create smarter, more productive, and competitive businesses
Tellius Provides insights to maximize opportunities, improve service, minimize risks and differentiate from competitors