Low interest rates, higher capital requirements, and moribund customer spending continue to put the squeeze on bank profitability. One effective way for bankers to respond to these challenges and improve profitability is by using customer data and predictive analytics to identify customers and prospects who are most likely to generate… Read More →
Rising regulatory pressures. A sluggish economy. Heightened competition from new market entrants. These are just a few of the challenges companies in the financial services industry are facing today.
While predicting the ups and downs of capricious financial markets may be next to impossible, financial services companies can tap analytics to confidently predict customer behavior to outperform their competitors.
As savvy financial services professionals know, many industry players have multiple product and business lines that are constantly changing due to shifting customer and market demands. One TIBCO Spotfire client, CFS Consulting Group, is well aware of these challenges. CFS Consulting is predominantly focused on providing its clients with custom… Read More →
Shifting market forces are shaking up the retail banking industry from new payment platforms – including those from big players like Amazon – to mobile banking, peer-to-peer lending to regulatory constraints and a persistently tough interest rate climate. Furthermore, banks are under-leveraging their existing customer bases and missing out on… Read More →
A number of recent research studies reveal that consumer confidence in financial services continues to rise following the fallout from the financial crisis of 2008. In fact, global consumer trust in banks has risen 4 percent since 2009 to 51 percent, according to the 2014 Edelman Trust Barometer. Additionally, a… Read More →
As many analysts are aware, R is a powerful language for statistical analysis and visualization. This open source language has top-notch graphics capabilities while offering the flexibility for users to quickly develop custom analyses and to modify them. It also incorporates standard statistical tests, models, and analyses. These capabilities serve… Read More →
Savvy investment managers know the importance of taking downside protection during a bull market like the one that currently exists. However, despite the growing use of data and technology to manage and monitor market and credit risk more effectively, most financial services firms continue to lag in their abilities to use… Read More →
Despite nearly a decade of negative real returns on equity and a string of bear markets, global wealth has more than doubled since 2000, reaching an all-time high of $241 trillion last year. That’s according to the 2013 Credit Suisse Wealth Report, which forecasts that global wealth is expected to grow… Read More →
Big data, once relegated to the technology industry, is making its way toward financial institutions looking to make better decisions about consumer loans and credit opportunities. The end result? Helping financial institutions around the world gather more data, analyze it more effectively, and make decisions more quickly.