Category: Business Intelligence

Even with technology advances and automated processes, bank productivity and efficiency can lag. For example, according to the Mortgage Bankers Association (MBA), mortgage loan production expenses for banks actually increased to $9,299 per loan in the first quarter of 2019, and productivity remained unchanged at 1.8 loans originated per production employee per month. While banks typically have a lot of data, they lack the ability to drill down into their banking operations and measure performance, cost effectiveness, customer service, efficiency, and more. This lack of insight can be crippling for…

We’ve had more than our fair share of clients ask us about big data in HR and business intelligence. “We know that big data in HR exists,” they’ll tell us, “but does HR business intelligence mean anything for us?” If you have questions along the same lines, congratulations! You’re part of the elite class of business professionals who know big data in HR even exists in the first place! The fact of the matter is, your human resources department is already managing scads of data—both structured and unstructured. You have…

What are the benefits of a banking dashboard for your operational business intelligence? You can scour the Internet for reasons why to implement a banking dashboard and examples of how to do so. But in this article, we’re going to take a good close look at what banking business intelligence dashboards can do for your operations. Benefits of properly implemented banking dashboards include: Transforming unused banking data assets into insights that drive results. Live reporting instead of waiting for monthly roll-ups from manual analysis. Increased accuracy of reporting. Improved operational…

The benefits of business intelligence in banking are many. We’re talking amped-up operational improvement, cost cutting, and a transformative customer experience. Business intelligence, or BI, lets you harness heavy-duty analytical concepts. It lets you slice and dice data. And it lets you do all this on an unprecedented scale. It gets even better. Once you have a BI-empowered handle on all this data, you can transform your bank from the front line all the way up the enterprise. You can make life better for internal and external customers alike. All…

We see it all too often. Banks struggle with—“drown in”?—messy data. They struggle to deal with it. So, they throw Excel sheet after Excel sheet at the problem. Why? They want to report as much as they can. And they miss the importance of business intelligence in banking. Does this help? Does it solve the problem? Of course it doesn’t! You knew that. But it still happens. It leads to long hours. High costs. Lots of people working on lots of reports—all of questionable value. How, then, do you solve…