Key priorities of Singapore and Malaysia banks in data analytics identified
Key priorities of Singapore and Malaysia banks in data analytics identified as part of a 21-page Asian Banker Research report (including 14 charts & diagrams) on building capabilities in analytics infrastructure & management. June 01, 2011 | Research*The complete Asian Banker Research report on building capabilities in analytics infrastructure and management is available for download at the bottom of this page. Data analytics has become a cornerstone for many banks in their efforts to gain better insights into their customers, products and segments served. The increased need for analytical tools and reports has been driven to a large extent by the need to manage risks effectively, especially as many regulators around the region are implementing stringent policies in the wake of the recent financial crisis. Analytical tools are also imperative for banks to gain in-depth insights into their sales and marketing efforts, and provide opportunities to generate additional revenues. Banks in Singapore aim to harmonise all data into an easily accessible centralised location to create customer and business solutions. But with an exponentially increasing amount of information available, the management of data is becoming the biggest challenge in the development of analytics capabilities. Market differentiation can only result from the complete and timely integration of customer transaction, and product and interaction data for analytics purposes. Figure 1.0: What are the most important priorities in data analytics for banks in Singapore? Please click to view enlarged image Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Data & Analytics, Data Management, Malaysia, Retail Banking, SingaporeData & Analytics,Data Management,Malaysia,retail,Singapore, Data & Analytics,Data Management,Malaysia,Retail Banking,Singapore, HSBC, OCBC, ADCB
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