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FINLYTICA
Advanced Banking Analytics
Company Vision
Finlytica Corporation is a leading provider of advanced analytics solutions. Our innovative
FINLYTICA Advanced Banking Analytics solution with pre-built data models, machine learning
analytics and visualizations make it a perfect choice for today’s banking analytics needs. A key
to the Finlytica approach is to make sure through a thorough start-up process and system
extensions that our solution meets the specific needs of your organization.
Finlytica Corporation partners with leading organizations
around the world to provide advanced analytics solutions and
services to solve their most difficult challenges.
Consensus on the Value of Advanced Banking
Analytics
Banking executives agree on the importance
of AI and advanced analytics to the success
of their institutions.
• 66% of banking executives say new
technologies will continue to drive the
global banking sphere for the next five
years.
• 77% of bankers believe that unlocking
value from AI will be the differentiator
between winning and losing banks.
• 45% of banking executives are set on
transforming their existing business
models into digital ecosystems, banks
will continue to adapt their internal
structures to digital technologies in
order to enhance customer experience,
product offerings, and new revenue
streams.
Source: World Economic Forum
At Finlytica we envision a world where
everyone can make better decisions,
grounded in trusted data and assisted by the
power and scale of Finlytica Analytics
solutions. When decisions are made
supported by the best insights, performance
improvements are possible that were not
before.
Our mission is to make it easier for more
people to use powerful analytics every day,
to shorten the path from data to insight –
and to inspire bold new discoveries that
drive improvement.
Banking is being reinvented in real time.
COVID has presented a critical challenge.
The need for reinvention and digital
transformation existed before COVID but is
even more essential now. Banks need to
evolve their business models and find ways
to serve customers better. For many banks
that means making better use of advanced
analytics.
Today’s analytics tools and techniques have
evolved to put these advanced analytics
solutions within everyone’s reach.
Advanced analytics and Big Data are helping
banks of all sizes improve processes and
reduce costs, improve employee
engagement and performance, and create a
hyper personalized experience for their
customers.
Finlytica has made banking analytics even
more accessible with the creation of Finlytica
an out of the box software solution that
delivers key insights without the heavy
lifting.
Finlytica
Advanced Banking Analytics
A few large banks have made the investments.
Investing millions of dollars to buy and build
these resources.
Today’s bank customers are more in charge
of the buying process then ever before. They
want information and options, and a
personalized experience that changes to
meet their changing needs. Add to that
accelerating competitive pressures in the
industry and it is easy to see why banks are
looking for solutions that will help them cut
costs, find and retain customers, and
improve the customer experience.
The question is where to turn. One solution
is to turn to big data and analytics. With the
depth of data available to them banks can
utilize advanced analytics to draw deep
insights into process performance, customer
behaviors, and risks and fraud. Using AI and
machine learning banks can identify and
remove inefficiencies in processes, better
understand customer needs so they can
offer the right products and services to them
and provide a level of support to offer an
unequalled customer experience.
Sounds good. So why isn’t every bank on a
path to fully implement AI and advanced
analytics throughout their operations? Well,
there are challenges. Data for one. Data is
scattered. It exists in disparate silos and is
difficult to cleanse and integrate. Skills for
another. AI and machine learning skills are
difficult to find and expensive, and the care
and feeding of these resources is not
something many banks want to deal with.
AI and Advanced Analytics –
How to Meet the Challenge
Royal Bank Of Canada Bets Big On
Artificial Intelligence
TD Bank Acquires Toronto-Based AI
Startup Layer 6
One Canadian bank has invested in its own AI
subsidiary and then made an additional
investment of $4 million in a second initiative.
Another chose to acquire their own AI firm.
Buying an AI company for $100 million.
For those banks not interested in buying or
building their own AI subsidiary is there a
solution? Happily, there is – partner with an AI
expert who can accelerate your journey to new
levels of AI-enabled insight and action.
The FINLYTICA
Advanced Banking Analytics Platform
To meet the need Finlytica offers banks our
out of the box FINLYTICA solution. A key to
FINLYTICA’s success is its unique platform
design. Through this design companies can
begin where they need and grow their use of
workforce analytics into more and more areas
over time.
Another key is that FINLYTICA includes the key
components for a successful advanced
analytics solution - Data Integration, Analytics
Engine, and Visualizations – all pre-built by
Finlytica.
A packaged software solution like FINLYTICA
delivers quicker time to value and a lower
cost.
What to Look for In a Partner
Partner Keys to Success
Out of the Box Solutions
Pre-packaged key metrics and analytics at your
fingertips. Providing click-of-a-button access to all the
metrics needed to visualize the state of the business
(now, in the past, trending) and the impact and
effectiveness of key initiatives.
Connections Across Data
Sources
Your banking analytics partner does all the heavy lifting
to seamlessly connect data across sources. Making
connections across core banking, risk, lending, and CRM
systems, along with external data. Generating insights
not possible before.
Ongoing Expertise and
Guidance
Delivering ongoing advice and expertise on how to best
address business questions with data and analytics.
There are key things to look for when identifying the best partner for your needs. Keys
that center on out of the box solutions, data expertise, and ongoing expertise and
guidance.
A Platform For Growth
Customer Growth:
Today customers have many options for their
banking and investment activities. Growing
customer relationships requires a new approach.
This is where AI comes in, supported by all the data
banks already have on their customers. AI can help
identify customer behavior patterns in their
financial transactions and highlight the products,
services, and areas of interest most important to a
given customer at a given time. AI turns the
customer experience from one looking in the
rearview mirror to a forward-looking one, providing
insights and advice and empowering customers to
make better financial decisions.
Customer Churn and Experience:
AI models can detect patterns in customer
behaviors and predict which customers have a
higher potential to churn. By analyzing these
behaviors banks can identify when a customer is at
risk of leaving and take actions accordingly to
prevent churn. AI models in banking are also used
to analyze customer sentiment. Analyzing and
scoring the tone of emails, text messages, social
media posts, and other data gives banks insights
into levels of customer experience and areas of
concern to focus on both for groups of customers
and individual customers themselves.
The key to delivering value from Advanced
banking analytics is in the use cases. Those
challenges that banks must address in their
journey to digital transformation and five-
star customer experiences. Use cases that
help banks to increase revenues, reduce
costs, and improve competitive position.
Advanced banking analytics use cases exist
across the enterprise from the front to
middle to back office. Some examples of
banking analytics use cases include:
Where To Use Advanced
Banking Analytics
Lending Operations:
AI can automate document review and capture data
from documents eliminating time-consuming and
error prone manual processes. Automation
improves productivity, reduces errors, and shortens
the time to make credit decisions.
Credit Scoring and Predicting Loan Defaults:
In addition to evaluating credit applications faster
and more accurately AI predictive models can assess
applicants’ credit scores improving decision-making.
By mining data machine learning models look for
patterns in customer behavior indicating changes in
ability to pay. Incorporating natural language
processing and analyzing social media activity can
further improve the quality of predictions. Using
predictions to work with customers in danger of
default can Improve both bank performance and
customer experience and loyalty.
Fraud Detection:
AI technology can scan volumes of transactional
data and detect irregular customer behavior
patterns that could indicate fraud. The speed and
scale of AI allows banks to address fraudulent
activities in real time.
Regulatory Compliance:
Keeping up with regulatory changes is a never-
ending battle. Compliance teams spend hours and
hours searching websites and documents looking
for and understanding new rules. It is a time-
consuming, costly , and error-prone process. AI-
based tools can analyze structured and
unstructured data using natural language processing
to understand complex regulations and present
recommendations for which ones to incorporate
into a bank’s compliance framework.
Workforce Analytics:
A bank’s employees have and will continue to have a
significant impact on customer experience, as well
as bank productivity and performance. Advanced
analytics are used extensively to help banks improve
hiring, increase employee engagement, and lower
employee attrition.
Contact
Finlytica Corporation
1111 Plaza Drive
Schaumburg, IL 60173
info@finlytica.ai
+1 847 250 9191
Finlytica partners with our clients to bring
technology to bear and provide the advanced
analytics, machine learning, and AI needed to
address their biggest challenges. Our team helps
organizations to utilize our pre-built analytics
solutions to transform data into insights,
empowering improved decision making and
organizational improvement.
About Finlytica Corporation
Finlytica Corporation partners with our clients to
deliver AI and machine learning solutions that
drive critical data-driven insights needed to
address their biggest challenges. These real-time,
predictive insights drive significant growth to their
top and bottom lines.
Many organizations struggle with implementing AI
due to a combination of data challenges, lack of
technical skills, and cost. We bring AI to
organizations of all sizes, even small and mid-sized
firms, through our pre-built AI solutions and
services. Delivering AI solutions more quickly and
at a lower cost than possible through in-house
development.
TOGETHER, WE CAN
DO GREAT THINGS
Finlytica Corporation
1111 Plaza Drive
Schaumburg, IL 60173
www.Finlytica.ai

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Finlytica Solutions Brief​

  • 1. FINLYTICA Advanced Banking Analytics Company Vision Finlytica Corporation is a leading provider of advanced analytics solutions. Our innovative FINLYTICA Advanced Banking Analytics solution with pre-built data models, machine learning analytics and visualizations make it a perfect choice for today’s banking analytics needs. A key to the Finlytica approach is to make sure through a thorough start-up process and system extensions that our solution meets the specific needs of your organization. Finlytica Corporation partners with leading organizations around the world to provide advanced analytics solutions and services to solve their most difficult challenges.
  • 2. Consensus on the Value of Advanced Banking Analytics Banking executives agree on the importance of AI and advanced analytics to the success of their institutions. • 66% of banking executives say new technologies will continue to drive the global banking sphere for the next five years. • 77% of bankers believe that unlocking value from AI will be the differentiator between winning and losing banks. • 45% of banking executives are set on transforming their existing business models into digital ecosystems, banks will continue to adapt their internal structures to digital technologies in order to enhance customer experience, product offerings, and new revenue streams. Source: World Economic Forum At Finlytica we envision a world where everyone can make better decisions, grounded in trusted data and assisted by the power and scale of Finlytica Analytics solutions. When decisions are made supported by the best insights, performance improvements are possible that were not before. Our mission is to make it easier for more people to use powerful analytics every day, to shorten the path from data to insight – and to inspire bold new discoveries that drive improvement. Banking is being reinvented in real time. COVID has presented a critical challenge. The need for reinvention and digital transformation existed before COVID but is even more essential now. Banks need to evolve their business models and find ways to serve customers better. For many banks that means making better use of advanced analytics. Today’s analytics tools and techniques have evolved to put these advanced analytics solutions within everyone’s reach. Advanced analytics and Big Data are helping banks of all sizes improve processes and reduce costs, improve employee engagement and performance, and create a hyper personalized experience for their customers. Finlytica has made banking analytics even more accessible with the creation of Finlytica an out of the box software solution that delivers key insights without the heavy lifting. Finlytica Advanced Banking Analytics
  • 3. A few large banks have made the investments. Investing millions of dollars to buy and build these resources. Today’s bank customers are more in charge of the buying process then ever before. They want information and options, and a personalized experience that changes to meet their changing needs. Add to that accelerating competitive pressures in the industry and it is easy to see why banks are looking for solutions that will help them cut costs, find and retain customers, and improve the customer experience. The question is where to turn. One solution is to turn to big data and analytics. With the depth of data available to them banks can utilize advanced analytics to draw deep insights into process performance, customer behaviors, and risks and fraud. Using AI and machine learning banks can identify and remove inefficiencies in processes, better understand customer needs so they can offer the right products and services to them and provide a level of support to offer an unequalled customer experience. Sounds good. So why isn’t every bank on a path to fully implement AI and advanced analytics throughout their operations? Well, there are challenges. Data for one. Data is scattered. It exists in disparate silos and is difficult to cleanse and integrate. Skills for another. AI and machine learning skills are difficult to find and expensive, and the care and feeding of these resources is not something many banks want to deal with. AI and Advanced Analytics – How to Meet the Challenge Royal Bank Of Canada Bets Big On Artificial Intelligence TD Bank Acquires Toronto-Based AI Startup Layer 6 One Canadian bank has invested in its own AI subsidiary and then made an additional investment of $4 million in a second initiative. Another chose to acquire their own AI firm. Buying an AI company for $100 million. For those banks not interested in buying or building their own AI subsidiary is there a solution? Happily, there is – partner with an AI expert who can accelerate your journey to new levels of AI-enabled insight and action.
  • 4. The FINLYTICA Advanced Banking Analytics Platform To meet the need Finlytica offers banks our out of the box FINLYTICA solution. A key to FINLYTICA’s success is its unique platform design. Through this design companies can begin where they need and grow their use of workforce analytics into more and more areas over time. Another key is that FINLYTICA includes the key components for a successful advanced analytics solution - Data Integration, Analytics Engine, and Visualizations – all pre-built by Finlytica. A packaged software solution like FINLYTICA delivers quicker time to value and a lower cost. What to Look for In a Partner Partner Keys to Success Out of the Box Solutions Pre-packaged key metrics and analytics at your fingertips. Providing click-of-a-button access to all the metrics needed to visualize the state of the business (now, in the past, trending) and the impact and effectiveness of key initiatives. Connections Across Data Sources Your banking analytics partner does all the heavy lifting to seamlessly connect data across sources. Making connections across core banking, risk, lending, and CRM systems, along with external data. Generating insights not possible before. Ongoing Expertise and Guidance Delivering ongoing advice and expertise on how to best address business questions with data and analytics. There are key things to look for when identifying the best partner for your needs. Keys that center on out of the box solutions, data expertise, and ongoing expertise and guidance. A Platform For Growth
  • 5. Customer Growth: Today customers have many options for their banking and investment activities. Growing customer relationships requires a new approach. This is where AI comes in, supported by all the data banks already have on their customers. AI can help identify customer behavior patterns in their financial transactions and highlight the products, services, and areas of interest most important to a given customer at a given time. AI turns the customer experience from one looking in the rearview mirror to a forward-looking one, providing insights and advice and empowering customers to make better financial decisions. Customer Churn and Experience: AI models can detect patterns in customer behaviors and predict which customers have a higher potential to churn. By analyzing these behaviors banks can identify when a customer is at risk of leaving and take actions accordingly to prevent churn. AI models in banking are also used to analyze customer sentiment. Analyzing and scoring the tone of emails, text messages, social media posts, and other data gives banks insights into levels of customer experience and areas of concern to focus on both for groups of customers and individual customers themselves. The key to delivering value from Advanced banking analytics is in the use cases. Those challenges that banks must address in their journey to digital transformation and five- star customer experiences. Use cases that help banks to increase revenues, reduce costs, and improve competitive position. Advanced banking analytics use cases exist across the enterprise from the front to middle to back office. Some examples of banking analytics use cases include: Where To Use Advanced Banking Analytics Lending Operations: AI can automate document review and capture data from documents eliminating time-consuming and error prone manual processes. Automation improves productivity, reduces errors, and shortens the time to make credit decisions. Credit Scoring and Predicting Loan Defaults: In addition to evaluating credit applications faster and more accurately AI predictive models can assess applicants’ credit scores improving decision-making. By mining data machine learning models look for patterns in customer behavior indicating changes in ability to pay. Incorporating natural language processing and analyzing social media activity can further improve the quality of predictions. Using predictions to work with customers in danger of default can Improve both bank performance and customer experience and loyalty. Fraud Detection: AI technology can scan volumes of transactional data and detect irregular customer behavior patterns that could indicate fraud. The speed and scale of AI allows banks to address fraudulent activities in real time. Regulatory Compliance: Keeping up with regulatory changes is a never- ending battle. Compliance teams spend hours and hours searching websites and documents looking for and understanding new rules. It is a time- consuming, costly , and error-prone process. AI- based tools can analyze structured and unstructured data using natural language processing to understand complex regulations and present recommendations for which ones to incorporate into a bank’s compliance framework. Workforce Analytics: A bank’s employees have and will continue to have a significant impact on customer experience, as well as bank productivity and performance. Advanced analytics are used extensively to help banks improve hiring, increase employee engagement, and lower employee attrition.
  • 6. Contact Finlytica Corporation 1111 Plaza Drive Schaumburg, IL 60173 info@finlytica.ai +1 847 250 9191 Finlytica partners with our clients to bring technology to bear and provide the advanced analytics, machine learning, and AI needed to address their biggest challenges. Our team helps organizations to utilize our pre-built analytics solutions to transform data into insights, empowering improved decision making and organizational improvement. About Finlytica Corporation Finlytica Corporation partners with our clients to deliver AI and machine learning solutions that drive critical data-driven insights needed to address their biggest challenges. These real-time, predictive insights drive significant growth to their top and bottom lines. Many organizations struggle with implementing AI due to a combination of data challenges, lack of technical skills, and cost. We bring AI to organizations of all sizes, even small and mid-sized firms, through our pre-built AI solutions and services. Delivering AI solutions more quickly and at a lower cost than possible through in-house development. TOGETHER, WE CAN DO GREAT THINGS Finlytica Corporation 1111 Plaza Drive Schaumburg, IL 60173 www.Finlytica.ai