4 Ways Banking Analytics is Transforming the Banking Industry

Jun 25, 2019

product launch

The application of big data in banking can help companies to harness siloed data and offer personalized banking solutions to customers to drive profitability.

With the advent of big data analytics, the banking sector is focusing more on responding to the expectations of customers in real-time. Today companies in the banking industry are adopting to latest technologies to offer the best services to their customers and stay ahead of the curve. By leveraging banking analytics solutions, companies are now able to digitize their core business operations and analyze their organizational structures. Consequently, digital technologies and new delivery platforms have become very important to drive organization performance. Companies in the banking sector are now focusing on integrating their payment methods, re-configuring delivery channels, and applying advanced analytics in banking operations. All these have paved the way for massive transformation in the banking industry. In this article, our team of analytics experts has discussed a few important ways in which banking analytics is helping the banking sector to design targeted marketing campaigns, manage risks efficiently and remain profitable and improve profitability.

Learn how our customized analytics solutions can help you gain real-time visibility into your customer data. Request for more information now.

How is Banking Analytics Transforming the Banking Industry?

Through Risk Management

Banking analytics solutions can provide actionable insights into transactions and customer behavior patterns. This can not only help businesses to avoid potential risks but also offers detailed insights into factors affecting profitability. Also, using big data analytics, companies can analyze regional data of their customers and also the historic sales data. Furthermore, this can help them to determine the market trends and design their strategy to sell their services. Additionally, with the help of advanced analytics in banking, companies in this sector can analyze the factors that cause borrowers to default on loans.

By Automating Marketing and Sales Processes

Banks can leverage banking analytics solutions to analyze the sheer volumes of customer data to better understand their customers. This can help them to understand the needs and demands of customers and addresses them proactively. Also, by utilizing big data analytics in banking, banks can automate the sales and marketing processes. Consequently, the right products can be marketed to the customers at the right time and through the right channel.

Are you finding it difficult to ensure complete safety across all financial products, processes, and transactions in your organization? Our banking analytics solutions can help. Get in touch with our experts now.

By Guiding the Product Innovation Phase Through Performance Analysis

Banks can use banking analytics solutions to gauge the performance of the business as well as employees. This can help to design new products and offerings based on the current demand of customers. Also, this can help them to train their employees for peak times and achieve the target in real-time. Banking analytics can also be utilized by banks to understand the nature of products required by customers and make offerings accordingly.

Our big data analytics solutions can help you manage risks more effectively to maximize ROI. Request for a free proposal to gain more insights into our portfolio of services.

By Providing Useful Insights Through Analytics Dashboards

Companies in the banking industry can use banking analytics dashboards to visualize customers’ data in real-time through graphs, charts, and customizable interfaces. Such data can be further used to run queries and analyze the type of loans, quality of assets, and monthly profit from the business operations. Managers can run queries and pull reports based on their needs. They can analyze the percentage of loans by type, monthly operating expenses, or profit and loss by region.

Quantzig help organizations to get a real-time view of their performance and factors that drive costs, and financial growth through customized analytics dashboards. Request a free demo right away to know more.

Ready to Harness Game-Changing Insights?

Request a free solution pilot to know how we can help you derive intelligent, actionable insights from complex, unstructured data with minimum effort to drive competitive readiness, market excellence, and success.

Recent Blogs

Use Cases of Big Data Analytics in the Healthcare Industry

Healthcare Industry Overview  The healthcare industry has seen a complete overhaul in the recent years due to big data analytics. Given the ubiquity of healthcare data generated by business processes within the healthcare sector, healthcare data analytics and big...

read more

Major Use Cases of Big Data Analytics in Food Industry 

Irrespective of the location across the globe, you’ve been a part of the food and beverage industry, often as a consumer. As we’re all aware, the food and beverage industry is divided into multiple sub-sections, ranging from—fine dining to fast food. First, let’s talk...

read more


Our advanced analytics expertise spans across industries, sectors, and functions, which enables us to deliver robust, agile solutions to all our clients. These are our core competencies, formed through years of experience.


Our free resources shed light on our extensive expertise and equip you with information to accelerate decision-making, growth, and innovation.

Talk to us
Talk to us