Advanced Banking Analytics (ABA)
by Pegasus Knowledge Solutions, Inc.
AI & Data Driven Actionable Insights and Analytics for Banks & Credit Union - Analytics as a Service
Banks face a Data Problem
Midsize and small Banks and Credit Unions are looking to use insights from their data to adopt digital platforms and to gain insights to better serve customers and improve revenues and profits. They need to do to this to compete with larger banks and FinTechs who are already using data to their advantage and gaining customer wallet-share. However, their data sits in silos, and is difficult to integrate and analyze. At best, they can use manual data extracts and manipulate in spreadsheets to gain partial insights. After countless manual hours of effort, the insights they get are already stale. Further, smaller institutions lack the data science and data engineering resources required for integrating, managing, and gaining insights from data. They are unable to compete with larger financial institutions for expensive and hard-to-retain data engineering and data science skills.
Our solution for midsize and small institutions
The PKSI Advanced Banking Analytics solution is the result of years of research in banking analytics trends and needs and has been developed in close consultation with C level executives from financial institutions of all sizes. The solution provides Insights and Analytics as a Service.
Please visit https://www.pksi.com/products/aba/ for more details.
A brief description is provided below
The Advanced Banking Analytics solution is intended for midsize and smaller banks and credit unions. It integrates data from multiple sources within a financial institution, enriches this data with external curated data as well as public data including key economic indices, social and demographic information, regional demand for financial services etc. to deliver integrated deep insights into a financial institution’s customers as well as its product portfolio.
The solution is wholly managed by PKSI, from data ingestion and integration to insights. The financial institution deploying this solution gets the benefits of the business insights without having to manage data pipelines, data models or dashboards. Further, since the solution is delivered as a Software as a Service, the financial institution benefits from a fully managed solution that is automatically updated to keep up with patches and feature upgrades.
The solution puts mid-size banks and credit unions on an equal footing with larger banks in terms of understanding their customers and gaining the ability to provide just in time and relevant services.
