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BANKING ANALYTICS

Optimize Banking Efficiency and mitigate Risks using your Data

The Analytics Journey

In this fast-paced financial landscape, data-driven insights hold the key to unlocking competitive advantage. Analytics plays a pivotal role in revolutionizing decision-making, risk assessment, customer engagement, and operational efficiency. Axxiome helps navigate through the transformative potential of data analytics in the financial sector, empowering institutions to thrive amidst evolving challenges and opportunities. Are you to ready to explore informed strategies and innovation in the dynamic realm of Banking Analytics?

Approach

Make smart strategic decisions with fact-based insight by bridging the gap between raw data (including “Big Data”) and real knowledge with Axxiome's Analytic solution approach. We will help you realize your potential by improving your current capabilities and get the most out of your data to generate insights and improve your business KPIs.

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    DISCOVER

    Understanding of your needs in structured workshops to answer questions around:

    • What types of data do key stakeholders (departments, functions) need to see and evaluate?
    • What is the strategic or business need or rationale for data assessment?

    Creation of High-Level Agenda/Use Cases including prioritization.

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    ANALYZE

    We will analyze your current analytics capabilities together with internal subject matter experts ithrough collaborative workshops and by assessing your current documentation:

    • Analysis of current data and underlying technology 
    • Analysis of current Dashboards for presentation of data

    Identification of MVP Use Cases based on structured framework (e.g. business value, current capabilities, pain points) to establish the Analytics Agenda.

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    TEST & PROVE

    The MVP can be implemented in two ways:

    • Extension of current Dashboard and Data input for Dashboards (e.g. integrated connection of more data sources than before)
    • Recommended approach: Use of Axxiome Analytics Solutions and UI Framework to load data from different sources to combine and present them including insights
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    APPLY & EVOLVE

    Enable decision makers with easy access to the information required to make smart, data-informed business decisions. 

    Identify and implement the additional analytics  technology to achieve Analytics Agenda roadmap , including Machine Learning, AI capabilities and more.

Tools and Assets

Axxiome Data consultants will implement analytics solutions to help your organization accomplish more, faster with insightful data dashboards and applications that make data easy to find and digest.

Proven holistic approach considering all involved areas

In our joint analytics journey we will cover all aspects of analytics to achieve your goals:

  • Fraud
  • Regulatory Compliance with Privacy and Security
  • Architecture and Governance
  • Visualization 
Technology independent Approach
Axxiome is equipped to support your data journey by using various market leading analytics solutions like SAP HANA 2.0, SnowFlake, Denodo, Apache NiFi or Kafka, and all major private and public Cloud data services providers.
Axxiome Advanced Analytics Solution
Our Advanced Analytic Solution is built with a Tier 1 analytic software platform and provides instant access to key business information to effectively manage performance and a holistic view of your company, customers, products and services
PEOPLE

Axxiome consultants have decades of unique expertise within financial services but our consulting services and tools are industry agnostic and therefore transferable to other verticals. 

  • Data Warehouse Architect
  • Digital Experience Expert
  • Data Pipeline Developer
  • Data Warehouse Performance Analyst

Benefits

  • Increase efficiency and productivity by automating and streamlining processes.
  • Increase productivity by automating business processes.
  • Maximize resource allocation by minimizing manual labor.
  • Streamline workflows, locate bottlenecks and removing duplication. 

FREQUENTLY ASKED QUESTIONS

What are the common analytics use cases for Operational Efficiency?
  • Outflow forecast
  • Cross-Selling
  • Direct marketing
  • Targeted market
  • Portfolio optimization
  • Forecasting
  • UX-Optimization
What are the common analytics use cases for risk management?
  • Fraud detection
  • Document processing
  • Receivable income
  • Anti money laundering
  • Reduction of credit default
What are the hot topics for Business Analytics?
  • Customer support
  • Conversational UI
  • Chat Bots and integrated ML and AI
How can analytics help with increasing revenue potential?
  • Insights for the increase of conversion rate and cross-selling
  • Strategies to increase credit approval rates
  • Strategies to improve direct marketing response rates
How can analytics help improve operational efficiency?
  • Analysis of marketing campaigns and reduction of related costs
  • Insights into application failure and abandonment rates
  • Cost reduction in customer support