{"id":693,"date":"2018-02-02T13:24:11","date_gmt":"2018-02-02T13:24:11","guid":{"rendered":"http:\/\/accelforce.com\/solix2018\/?page_id=693"},"modified":"2024-05-01T16:37:59","modified_gmt":"2024-05-01T16:37:59","slug":"banking","status":"publish","type":"page","link":"http:\/\/173.255.243.198\/solix\/solutions\/banking\/","title":{"rendered":"Data-driven Banking & Capital Markets"},"content":{"rendered":"
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Empowering the Data-driven Banks with a Modern Data Management Platform<\/h2>\n\t<\/span>\n

This is an era of fundamental challenges and opportunities for banking. In an already competitive financial world, where banks are experiencing immense margin squeeze and high customer churn, fintech solutions are unbundling financial services and delivering an arsenal of digital solutions to disrupt the traditional banking products and processes.<\/p>\n\t

To survive and thrive, traditional banks need to respond to this disruption by effectively integrating all their services to become a trusted and modern 360\u00b0 financial partner to their customers. The bank's ability to pre-empt customer needs, offer personalized financial products and services, mitigate risks from cyber attacks or fraud, reduce costs and comply with ever expanding regulations will be key to its success. Such a cohesive strategy seeks a modern data architecture that can integrate large volume of big data from a wide array of sources while providing the ability to process petabytes of data in real-time for advanced analytics & machine learning.<\/p>\n\t

The Solix Common Data Platform (Solix CDP)<\/a> empowers data-driven banking with a modern data platform that helps improve the performance of critical systems, reduce IT infrastructure costs, provide a scalable data governance framework and discover untapped data-driven opportunities with advanced analytics and machine learning. Solix CDP is the foundation on which banks can build their digital future.<\/p>\n\t\"Data-driven\n

Download Whitepaper<\/a><\/div>\n<\/div><\/div><\/div><\/div><\/div>
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Data-driven Banking with Solix CDP<\/h2>\n <\/span>\n
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Retail & Commercial Banking<\/h3>\n

The rise of digital banks has created terabytes of data on customer behaviours, interactions, and preferences. Banks need to leverage this large volume and variety of customer data to innovate, personalize and stay ahead of competition. Research by McKinsey shows that banks with advanced capability of using customer analytics have a four to six percentage point lead in market share over banks who do not. Solix CDP provides a comprehensive modern data management and analytics platform to meet the real-time needs of data-driven digital banks. Solix CDP also helps with reducing infrastructure costs associated with data growth while addressing data governance and complex regulatory requirements.<\/p>\n

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