Industry Solutions - Financial Services

By: Newcomp  09-12-2011


Increase sales, mitigate risk, and improve performance. All three are drivers in the banking industry and have led banks to utilizing Business Intelligence (BI) tools to deliver solid results. Newcomp has considerable experience in the Banking industry, offering knowledge of best practices.

Challenges Faced by Banks Today:

Maintaining & Improving Profitability

- Identify, target, cross-sell and retain the most profitable customers

- Streamline loan processing

- Gain detailed loan portfolio management; reduce credit losses

- Streamline paper/labour-intensive processes

Customer Attrition

- Perform better cross-sell analysis to the point of sale

- Analyze relationship between account fees and attrition

- Identify the customers to target with increased service

- Analyze loyalty & the effect of loyalty programs Increasing Risks & Risk Regulation

- Real-time loan portfolio reporting

- Analyze credit-worthiness

- Report on risk exposure—by individual risk factors

Operational Performance

- Accelerate growth with planning

- Real-time information available on measures, including account/loan growth, and charge-offs

- Report on internal controls to address regulatory rules

- Tie performance back to individual incentives for loan/trust officers, and other bank employees

Other products and services from Newcomp


IBM Netezza

TwinFin is a scalable, massively parallel analytic system that allows customers to crunch through enormous data volumes, with large numbers of users asking questions and performing analytics on the data that could not evenbe contemplated before.


IBM SPSS Statistics & Modeler

Whether you are a beginner or an experienced analyst or statistician, IBM SPSS Statistics puts the power of advanced statistical analysis in your hands.IBM SPSS Statistics offers superior capabilities, flexibility and usability that are not available in traditional statistical software. Produce deeper insight and more accurate predictions by utilizing all of your data assets to create a complete view of your customers or constituents.


IBM Cognos TM1

A full range of enterprise planning softwarerequirements is supported—from high-performance, on-demand profitability analysis, financial analytics and flexible modeling to enterprise-wide contribution from all business units. Integrated scorecarding and reporting— the complete picture from goal setting and planning, to measuring progress and reporting—is possible with IBM Cognos Business Intelligence.


Crash Test Planning

The test is designed to simulate the production environment, and is programmed to add stress to the system, resulting in the knowledge that a) the current configuration will stand up to real-time user stress, or b) the system needs to be tweaked and updated to appropriately meet the needs of users. CTP offers a user-friendly GUI, and is designed to simulate the usage of the Cognos 8 environment by multiple users—true stress testing.


Newcomp Professional Services

Our job is to help facilitate the discussions around the key drivers of your business and to help create the technology infrastructure to provide the right data to the right users, creating business value and project return on investment. Whether your Performance Management initiative is new or mature, Newcomp’s skilled and knowledgeable consultants will expertly guide you through maximizing your return on investment.