Data
For every one billion in assets, the average financial institution has half-a-billion data elements they need to understand in order to attain business insight. Customer data, as only one example, is usually spread across isolated systems containing a high rate of errors. Studies show that up to 25% of customer data is either incorrect due to typos and the entry of data into the wrong fields or inaccurate due to the slow decay of data. Further, data within traditional vertical applications is structured for transaction performance, not for reporting and analytics.
Clean, integrated data forms the cornerstone of Banker's Insight. Our databases contain complete, consistent, and accurate data that is updated daily. The database contains a snapshot of every period to facilitate time series analysis, forecasting, and prediction.
Banker's Insight includes all of the following:
Account Data
Banker's Insight contains detailed data on every account in your core processing systems (savings, time deposits, demand deposits, consumer loans, real estate loans, commercial loans, and others). This detailed data provides essential information on accounts, products, and organizational units. Account data provides valuable input to help create advanced profitability models and assess lifetime customer value.
Transaction Data
The transactions generated by the core systems contain detail-rich information. This information not only provides tremendous insight into what customers have already done but also helps predict what they plan to do.
Customer Data
Customer information systems contain valuable data collected as customers set up and maintain accounts. Key aspects of this data include customer-to-customer, customer-to-account, and customer-to-business relationships. These systems also store identification information and basic demographic information.
General Ledger Data
Our database contains detailed data from your general ledger system. This data can be used for comprehensive financial analysis without the use of spreadsheets. Financial data can also be combined with account and transaction information to derive new insights.
Demographics Data
Banker's Insight enhances your customer data with demographic data elements from third parties, allowing you to cluster and segment your customers and households to describe behavior.
Prospect List Data
Banker's Insight can quickly import consumer and business prospects from third-party lists. Insight Ecosystems can help you acquire lists that lead to closing profitable business.
Derived Data
In addition to the data that Banker's Insight cleans, transforms, and integrates, it calculates a wealth of derived data that goes well beyond simple marketing databases and report writers.
Benefits
- Leverage a key corporate asset: data
- Use fresh, accurate data to drive your business
- Collect and warehouse your data assets