Financial Data Hub Creation
Lots of analysis can be done with the financial data. For example, starting from ratio analysis, to forecasting, the financial data can provide valuable insights to different stakeholders of a bank. Hence, it is important to utilize the data assets of the bank fruitfully. A big data platform can assist in creating the data hub which can be integrated with all these data assets (along with necessary external data). This will help in the creation of use cases such as competitive benchmarking, scoring and customizing, customized services to financial institutes, risk analytics, marketing analytics, etc.
This can also serve as the semantic layer to create the Management Dashboard which will help in KPI Tracking. Some of the indicative indicators and scorecards are Loan origination dashboard, Operational Risk Dashboard, Market Risk Dashboards, Delinquency dashboard, Charge-Off dashboard, etc.