Most financial institutions today have an abundance of detailed customer information from various sources, of different types and in dissimilar formats.
And advances in technology have yielded data on account holders that is often disparate, unmanaged or inaccessible.
For financial institutions like yours, the key is to convert this data into valuable information you can use to make intelligent business decisions.
The ideal solution corrals this mass of information and provides structure and access to data from all systems and platforms to facilitate comprehensive research, analysis and reporting.
DNAopendata™ is the robust data warehouse system that delivers on all fronts.
DNAopendata™ is a technologically advanced business intelligence solution developed and scaled expressly for financial institutions that process with DNA™.
This enriched analysis system converts the abundance of data collected by your financial institution into useful information.
As a centralized data repository with browser-based administration, DNAopendata draws data from multiple sources relating to account holders, transactions, profitability, products and channels and provides accessibility throughout your financial institution.
DNAopendata views help consolidate relational DNA™ core data, making it easier to find what you need, while providing variable retention periods for current and month-end views of data. Pre-built scripts determine what data to extract, how to extract that data and how tables are refreshed.
Additionally, a Central Data Source brings in additional data including general ledger balances and ATM switch transactions.
DNAopendata™ is administered by your financial institution’s IT staff and refreshed regularly.
These are a few of DNAopendata’s benefits to your institution:
- Creates offline warehouse of core data so financial institutions don’t compromise online data and negatively affect performance
- Centralized data repository means easier and quicker access to data
- Cross-system access to data rather than individual silos translates into more available data at one time for more comprehensive analysis
- Better analysis and insight into performance, market conditions and your competitors; customer and prospect behavior; product, service and channel usage; return on targeted marketing campaigns; and customer profitability and bank wallet share
More information about DNAopendata™ is available by contacting Open Solutions at 860-652-3155 or toll-free at 800-226-5674.