Growth of data volumes in disparate sources, ongoing regulatory changes and growing technology capabilities are driving financial services organizations to increase investment in business intelligence technologies. Banks must align intelligent technology with data management techniques in order to improve their decision-making processes.

Scope

Covers the European, North American, Asia-Pacific and Middle East business intelligence in retail banking segment. Areas covered include the competitive and regulatory environment, as well as the need for stronger management.

Highlights

Datamonitor believes that an effective compliance solution requires a strategic investment in infrastructure that embraces assimilating business intelligence with advanced analytic tools for risk modeling and other key technologies, such as business process, change and content management. Using business intelligence capabilities, a financial services institution is able to translate customer information into easy and functional selling advice for the front office staff or automated self-service channels. Business managers need to respond to new and changing business challenges, such as fraud occurrence, compliance error, higher risk transaction or marketing campaigns from competitors. In order to maximize opportunities and minimize threats, managers must be able to identify, monitor and analyze main 'pain points' of the business process.

Reasons to Purchase

Gain visibility into the dynamics of the retail banking business intelligence market. Gain market insight to assist in your strategic planning and go-to-market strategy.