Banking
Modern Analytics is a leader in data mining and predictive modeling for the financial industry. For years they have been building data marts for the financial industry and streamlining stock portfolios.
Modern Analytics is Basel II certified, and, as such, takes into account the second of the Basel standarizations when structuring any data mining operations for the financial industry.
Developed by the Basel Committee on Banking Supervision, Basel II is an international standard by which financial institutions maintain an ideal amount of capital and thus reduce credit risk. It was established to protect international finance from repercussions of a collapse of a major bank or series of banks.
Modern Analytics' understanding of Basel II allows them to equip banks and companies in the financial industry with business performance management that complies with Basel II. Their experience with predictive modeling with large banks enables them to create BI systems that optimize portfolios and equip managers with the business intelligence to make informed decisions about forecasting.
In this way, Modern Analytics' banking solution promises to:
- Maximize profit
- Minimize risk
- Provide consistent KPI's for branches, regions, tellers, products
- Targeted marketing (cross-sell, up-sell, attrition)
- Consolidated data
- Work force optimization using forecast to handle peak visits
