At Finlytica Corporation, our mission is to make it easier for decision-makers to use powerful analytics every day, to shorten the path from data to insight – and to inspire bold new discoveries that drive improvement. We envision a world where everyone can make better decisions, grounded in trusted data, and assisted by the power and scale of Finlytica Advanced Analytics solutions.
Digital Engineering: Top Three Imperatives for Banks and Financial Services C...Cognizant
Banking and financial services organizations need a blueprint for building modern digital capabilities, reducing technical debt and accelerating cost-cutting via the cloud. Here are some practical strategies for doing that, and examples of organizations achieving success.
How Are Data Analytics Used In The Banking And Finance Industries.pdfMaveric Systems
amplify business success. Today, banks want more than incremental gains. They want datadriven revenue breakthroughs. Banks increasingly rely on data. It’s the future of communication
How Big Data helps banks know their customers betterHEXANIKA
Enterprises today mine customer data to ensure maximum success by targeting their products and solutions to the right audience. Let us have a look at how Big Data and Customer Analytics are helping businesses use their customer data for maximum benefits.
Top Business Intelligence Trends - By DataToBizKavika Roy
Ready to take your business to the next level? Discover the top business intelligence trends for this year and stay ahead of the game.
Read the full article: https://www.datatobiz.com/blog/top-business-intelligence-trends/
About DataToBiz:
DataToBiz is a team of experts who are committed to helping businesses and enterprises adopt advanced technologies like Data Science, Artificial Intelligence, and Business Intelligence technologies. We possess rich experience in designing, implementing, and crafting Data Engineering Solutions, for a wide array of business challenges.
DataToBiz: https://www.datatobiz.com/
Data analytics and digital transformation go hand in hand. Data analytics provides the foundation upon which digital transformation can thrive. By harnessing the power of data, organizations can make informed decisions and create personalized experiences for their customers.
Data Science - Part I - Sustaining Predictive Analytics CapabilitiesDerek Kane
This is the first lecture in a series of data analytics topics and geared to individuals and business professionals who have no understand of building modern analytics approaches. This lecture provides an overview of the models and techniques we will address throughout the lecture series, we will discuss Business Intelligence topics, predictive analytics, and big data technologies. Finally, we will walk through a simple yet effective example which showcases the potential of predictive analytics in a business context.
The dynamic synergy between data analytics and cognitive process automation embodies the very essence of data-driven decision-making. In this latest piece from the E42 Blog, we dive deep into the very synergy that has firmly established itself as the bedrock of modern business strategy, ushering in precision, efficiency, and growth for enterprises.
Digital Engineering: Top Three Imperatives for Banks and Financial Services C...Cognizant
Banking and financial services organizations need a blueprint for building modern digital capabilities, reducing technical debt and accelerating cost-cutting via the cloud. Here are some practical strategies for doing that, and examples of organizations achieving success.
How Are Data Analytics Used In The Banking And Finance Industries.pdfMaveric Systems
amplify business success. Today, banks want more than incremental gains. They want datadriven revenue breakthroughs. Banks increasingly rely on data. It’s the future of communication
How Big Data helps banks know their customers betterHEXANIKA
Enterprises today mine customer data to ensure maximum success by targeting their products and solutions to the right audience. Let us have a look at how Big Data and Customer Analytics are helping businesses use their customer data for maximum benefits.
Top Business Intelligence Trends - By DataToBizKavika Roy
Ready to take your business to the next level? Discover the top business intelligence trends for this year and stay ahead of the game.
Read the full article: https://www.datatobiz.com/blog/top-business-intelligence-trends/
About DataToBiz:
DataToBiz is a team of experts who are committed to helping businesses and enterprises adopt advanced technologies like Data Science, Artificial Intelligence, and Business Intelligence technologies. We possess rich experience in designing, implementing, and crafting Data Engineering Solutions, for a wide array of business challenges.
DataToBiz: https://www.datatobiz.com/
Data analytics and digital transformation go hand in hand. Data analytics provides the foundation upon which digital transformation can thrive. By harnessing the power of data, organizations can make informed decisions and create personalized experiences for their customers.
Data Science - Part I - Sustaining Predictive Analytics CapabilitiesDerek Kane
This is the first lecture in a series of data analytics topics and geared to individuals and business professionals who have no understand of building modern analytics approaches. This lecture provides an overview of the models and techniques we will address throughout the lecture series, we will discuss Business Intelligence topics, predictive analytics, and big data technologies. Finally, we will walk through a simple yet effective example which showcases the potential of predictive analytics in a business context.
The dynamic synergy between data analytics and cognitive process automation embodies the very essence of data-driven decision-making. In this latest piece from the E42 Blog, we dive deep into the very synergy that has firmly established itself as the bedrock of modern business strategy, ushering in precision, efficiency, and growth for enterprises.
Gartner predicts that in 2020, organizations using AI tech will achieve long-term success 4 times more than others. Considering the exponential expansion and influence of AI and its exceptional value, adopting this technology is no longer a choice, but a need, for organizations.
Here are 13 reasons why your business needs AI:
Business Intelligence (BI) Can Help Fin-tech to Grow Faster.pdfPridesys IT Ltd.
How about we have a more intensive gander at how banking and finance institutions can use business intelligence (BI) answers to drive profitability, diminish
Smart and proactive decision making is not only an advantage but a key to success of any business. This requires quantitative insights into various business operations and influences. The recent advancements in technology and a significant reduction in data storage costs have given rise to vast and versatile sources of data that provide a wealth of such insights. Harnessing them to accelerate and optimize your business is cardinal for keeping up with the emerging trends.
Today's customers are fundamentally different from customers of past years as they are harder to acquire, retain, and delight because of the explosion in digital technologies consumers use day to day. New digital experiences are forcing banks to play catch-up and match the innovative and engaging interactions and products — such as mobile payments — that non-banks are offering to those same customers. This IDC research, sponsored by TCS Digital Software & Solutions Group, revealed three key themes for digital transformation in the banking industry.
Banks rarely have a shortage of risk management expertise, technology and data. The issue lies in consolidating, understanding and communicating that data, within the company and externally, to regulators and to the market
The rise of the digital consumer has led to an explosion of data collected across all touchpoints in the financial services industry. Real-time online interactions are the new normal. To engage Millennial customers, marketers must leverage innovative solutions. In fact, 75% of Millennials don’t receive many offers from their bank and 43% feel their bank doesn’t communicate through preferred channels. Omni-channel strategies can help you successfully engage your customers with real-time interactions as well as outbound campaigns. In this webinar, learn more about how Amazon Web Services (AWS) and FICO can help you build better customer engagement.
AWS Speaker: Peter Williams, Partner Technology Lead
FICO Speaker: Manish Pathak, Director, Product Management
2022’s Go-To Guide to Data Analytics in Banking & Financial Services.pptxMaveric Systems
Senior managers tasked with banking operations, and profitability must step back from the customer life cycle to tease out interlocks where analytics brings information and value. It is discussed below with the corresponding analytics benefit.
Gartner predicts that in 2020, organizations using AI tech will achieve long-term success 4 times more than others. Considering the exponential expansion and influence of AI and its exceptional value, adopting this technology is no longer a choice, but a need, for organizations.For more visit at https://www.payjo.co/blog/13-reasons-why-your-business-needs-ai/
In this white paper, we’ll share use cases for banks that are planning to incorporate data science into their operating models in order to solve their business problems.
Learn how financial institutions are betting on the Big Data and Artificial Intelligence through APIs that help banks to define products, segmenting customers and detect possible fraud. Throughout this ebook we offer a review of the APIs bank data aggregation. More information in http://bbva.info/2t1NEv7
Retail Banking: Delivering a Meaningful Digital Customer ExperienceCognizant
To compete effectively, banks must fully adopt digital technologies to enhance customer experience, by providing mobile banking, omni-channel banking options, digital personal financial management, and more.
Artificial Intelligence (AI) in customer service is one of the more prevalent examples of how this technology can truly transform an entire industry.
By 2030, we are most confident that the technology will have impacted process automation, including the elimination of simple tasks. Companies rate the anticipated impact on process automation at 3.96 on a scale of 0-5, with 0 representing “no impact” and 5 representing “major impact.”
Customer Service using AI and technology like machine learning (ML) to power decisions about the customer service journey and behind-the-scenes tasks that impact profit margins and efficiency. AI Solutions like BOTS easily recognize the voice triggers and provide relevant information and guidance without human agents.
AI in customer service makes human agents’ work much smoother by solving fundamental problems while support agents focus on complicated cases that require human knowledge, empathy, and attention.
As artificial intelligence becomes more advanced, customer service bots are becoming exceptionally fast learners. An AI bot can collect relevant data about customers and improve customer satisfaction, resulting in better customer service. Personalized and targeted support, fast response times, 24/7 availability, and multilingual support are some of the things that improve customer experience and bring new levels of customer loyalty.
Data Analytics with Managerial Applications InternshipJahanvi Khedwal
Data Analytics with Managerial Applications Internship under Prof. Sameer Mathur,IIM Lucknonw-Presentation on "Simplify Your Analytics Strategy" by Narendra Mulani(Presentation by Jahanvi Khedwal)
Gartner predicts that in 2020, organizations using AI tech will achieve long-term success 4 times more than others. Considering the exponential expansion and influence of AI and its exceptional value, adopting this technology is no longer a choice, but a need, for organizations.
Here are 13 reasons why your business needs AI:
Business Intelligence (BI) Can Help Fin-tech to Grow Faster.pdfPridesys IT Ltd.
How about we have a more intensive gander at how banking and finance institutions can use business intelligence (BI) answers to drive profitability, diminish
Smart and proactive decision making is not only an advantage but a key to success of any business. This requires quantitative insights into various business operations and influences. The recent advancements in technology and a significant reduction in data storage costs have given rise to vast and versatile sources of data that provide a wealth of such insights. Harnessing them to accelerate and optimize your business is cardinal for keeping up with the emerging trends.
Today's customers are fundamentally different from customers of past years as they are harder to acquire, retain, and delight because of the explosion in digital technologies consumers use day to day. New digital experiences are forcing banks to play catch-up and match the innovative and engaging interactions and products — such as mobile payments — that non-banks are offering to those same customers. This IDC research, sponsored by TCS Digital Software & Solutions Group, revealed three key themes for digital transformation in the banking industry.
Banks rarely have a shortage of risk management expertise, technology and data. The issue lies in consolidating, understanding and communicating that data, within the company and externally, to regulators and to the market
The rise of the digital consumer has led to an explosion of data collected across all touchpoints in the financial services industry. Real-time online interactions are the new normal. To engage Millennial customers, marketers must leverage innovative solutions. In fact, 75% of Millennials don’t receive many offers from their bank and 43% feel their bank doesn’t communicate through preferred channels. Omni-channel strategies can help you successfully engage your customers with real-time interactions as well as outbound campaigns. In this webinar, learn more about how Amazon Web Services (AWS) and FICO can help you build better customer engagement.
AWS Speaker: Peter Williams, Partner Technology Lead
FICO Speaker: Manish Pathak, Director, Product Management
2022’s Go-To Guide to Data Analytics in Banking & Financial Services.pptxMaveric Systems
Senior managers tasked with banking operations, and profitability must step back from the customer life cycle to tease out interlocks where analytics brings information and value. It is discussed below with the corresponding analytics benefit.
Gartner predicts that in 2020, organizations using AI tech will achieve long-term success 4 times more than others. Considering the exponential expansion and influence of AI and its exceptional value, adopting this technology is no longer a choice, but a need, for organizations.For more visit at https://www.payjo.co/blog/13-reasons-why-your-business-needs-ai/
In this white paper, we’ll share use cases for banks that are planning to incorporate data science into their operating models in order to solve their business problems.
Learn how financial institutions are betting on the Big Data and Artificial Intelligence through APIs that help banks to define products, segmenting customers and detect possible fraud. Throughout this ebook we offer a review of the APIs bank data aggregation. More information in http://bbva.info/2t1NEv7
Retail Banking: Delivering a Meaningful Digital Customer ExperienceCognizant
To compete effectively, banks must fully adopt digital technologies to enhance customer experience, by providing mobile banking, omni-channel banking options, digital personal financial management, and more.
Artificial Intelligence (AI) in customer service is one of the more prevalent examples of how this technology can truly transform an entire industry.
By 2030, we are most confident that the technology will have impacted process automation, including the elimination of simple tasks. Companies rate the anticipated impact on process automation at 3.96 on a scale of 0-5, with 0 representing “no impact” and 5 representing “major impact.”
Customer Service using AI and technology like machine learning (ML) to power decisions about the customer service journey and behind-the-scenes tasks that impact profit margins and efficiency. AI Solutions like BOTS easily recognize the voice triggers and provide relevant information and guidance without human agents.
AI in customer service makes human agents’ work much smoother by solving fundamental problems while support agents focus on complicated cases that require human knowledge, empathy, and attention.
As artificial intelligence becomes more advanced, customer service bots are becoming exceptionally fast learners. An AI bot can collect relevant data about customers and improve customer satisfaction, resulting in better customer service. Personalized and targeted support, fast response times, 24/7 availability, and multilingual support are some of the things that improve customer experience and bring new levels of customer loyalty.
Data Analytics with Managerial Applications InternshipJahanvi Khedwal
Data Analytics with Managerial Applications Internship under Prof. Sameer Mathur,IIM Lucknonw-Presentation on "Simplify Your Analytics Strategy" by Narendra Mulani(Presentation by Jahanvi Khedwal)
Adjusting primitives for graph : SHORT REPORT / NOTESSubhajit Sahu
Graph algorithms, like PageRank Compressed Sparse Row (CSR) is an adjacency-list based graph representation that is
Multiply with different modes (map)
1. Performance of sequential execution based vs OpenMP based vector multiply.
2. Comparing various launch configs for CUDA based vector multiply.
Sum with different storage types (reduce)
1. Performance of vector element sum using float vs bfloat16 as the storage type.
Sum with different modes (reduce)
1. Performance of sequential execution based vs OpenMP based vector element sum.
2. Performance of memcpy vs in-place based CUDA based vector element sum.
3. Comparing various launch configs for CUDA based vector element sum (memcpy).
4. Comparing various launch configs for CUDA based vector element sum (in-place).
Sum with in-place strategies of CUDA mode (reduce)
1. Comparing various launch configs for CUDA based vector element sum (in-place).
Techniques to optimize the pagerank algorithm usually fall in two categories. One is to try reducing the work per iteration, and the other is to try reducing the number of iterations. These goals are often at odds with one another. Skipping computation on vertices which have already converged has the potential to save iteration time. Skipping in-identical vertices, with the same in-links, helps reduce duplicate computations and thus could help reduce iteration time. Road networks often have chains which can be short-circuited before pagerank computation to improve performance. Final ranks of chain nodes can be easily calculated. This could reduce both the iteration time, and the number of iterations. If a graph has no dangling nodes, pagerank of each strongly connected component can be computed in topological order. This could help reduce the iteration time, no. of iterations, and also enable multi-iteration concurrency in pagerank computation. The combination of all of the above methods is the STICD algorithm. [sticd] For dynamic graphs, unchanged components whose ranks are unaffected can be skipped altogether.
Influence of Marketing Strategy and Market Competition on Business Plan
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