Banks produce copious amounts of data daily through customer transactions, financial activities and from external markets. The raw data in itself has little value unless it is properly captured, consolidated, stored and extracted into ‘actionable information’. This information is further distributed, analysed and presented into actionable insights for driving business decisions. Here’s where Business Intelligence (BI) tools come in to leverage the data to extract maximum value.

This paper first appeared as an article in International Banker, February 2015.

Traiana, the leading provider of pre trade risk and post trade processing solutions, announces today that its CCP Connect for Equities service has won Markets Media’s Best New Clearing Product award at the annual Market Choice Awards on 19 February 2015.  The Markets Choice Awards are decided by a combination of editorial research and online feedback, in conjunction with the Markets Media Advisory Board. 

Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces that it has signed a deal to provide FirstOntario Credit Union with its award-winning core banking system, T24, and its business intelligence solution, Insight. FirstOntario is one of the 20 largest credit unions in Canada, 50% of which already use Temenos’ business intelligence suite.

A survey conducted by Compass Plus, an international provider of innovative retail banking and electronic payments software to financial institutions and processors, has revealed that the age of the consumer plays a significant role when making financial decisions.  

The survey, in which 650 UK residents answered questions about their banking and payments habits, found that behaviours vary between age groups in both their preferences towards certain channels and the levels of trust around using these different payment types.