A typical banking industry BI solution, developed by Scandic Fusion, fully covers the core banking elements such as incoming/outgoing transactions, account balances per various time periods, loans and deposits analysis, an outlook on the performance of financial instruments, payment cards profitability and others.
A BI development project for a customer from banking industry is typically bundled together with several cross company solutions – a few of the most common are management accounting analysis (including transfer pricing and overhead allocation), customer and product portfolio analysis (insights on new/active/lost customers), marketing and sales performance analysis (including trends on upgrading or downgrading from existing products).
Interactive dashboards are intuitive, easy to understand and can be utilized by a wide range of employees, starting from business analysts up to the board members of the company. They are best used to present data and ensure support of information based decisions for various business functions, including those responsible for sales, payment cards, credit risk management, deposits and financial instruments as well as business controllers, accountants, general management and others.
The solution that we typically offer to our clients does not aim to fulfill only pure operational or statutory reporting (which, is, of course, also possible). Instead, it enables strategic decision making. Customers, who already have a DWH initiative in place, use our solution for adding extra analytical insights to their everyday decisions. In addition they are building interactive dashboards that can be presented both internally as well as outside of the company. This type of BI implementation scenario is what we strive for and where we believe the greatest value from our work is added.