How business intelligence in banking is shifting the paradigm

Business intelligence in banking is a complex and robust pipeline that incorporates a variety of tools. Find out what goes into a BI solution for a bank.

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Banking has always been a competitive environment, even before the digitization of the industry acquired its present pace. Thanks to financial technology, the competition has become even tougher. Fintech companies to banks are what Uber is to taxis. And, as we know, taxi drivers aren’t happy about Uber.

Apart from having their profits endangered by fintech companies, banks also experience extreme pressure from regulators. After the 2008 crisis, regulatory agencies, such as FRB, OCC and FDIC, are carefully watching banks. And while most of the banks didn’t participate in activities that led to the crisis, all of them have to follow strict compliance rules adopted after the market crash.

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