Horizon Bank Drives Valuable Data-driven Insights and Positive Outcomes for Customers Using Aunalytics Daybreak for Financial Services
Aunalytics Data Platform Accelerates Horizon’s Digital Transformation Journey, Empowering the Bank with Compelling Advantages over Larger, Competitive Institutions
South Bend, IN (March 8, 2022) - Aunalytics, a leading data platform company delivering Insights-as-a-Service for enterprise businesses, announced today that Horizon Bank is using Aunalytics’ Daybreak for Financial Services to drive powerful data-driven insights and positive outcomes for the bank’s customers. With plans to expand the platform with artificial intelligence and machine learning to generate new business, as well as additional data sources to support customers, the system is taking Horizon Bank to the next level of services that make it a preferred financial partner with compelling advantages over larger, competitive establishments.
Founded in 1873, Horizon Bank has a vision for the future to provide customers with technology that is designed to facilitate interaction and it provides online conveniences that support innovative solutions for personal, commercial and mortgage banking needs, as well as wealth and investment services.
A community banking organization with 74 locations, Horizon sought to resolve an ongoing customer relationship management (CRM) concern that had plagued it for years. The bank’s CRM systems fell short of meeting the organization’s objectives due do a data infrastructure that wasn’t conducive to robust customer relationship management.
The CRM systems lacked data integration capabilities needed for the company to utilize the full breadth and depth of its information resources held across a wide range of databases, data warehouses and other repositories. This restrained sales, marketing and services which would improve the quality of experience for customers and support the organization’s revenue objectives. As a result, Horizon made the strategic decision to develop a custom in-house CRM solution and selected Aunalytics Daybreak for Financial Services for seamless data integration and analytics that would facilitate its business intelligence goals.
“What we needed to succeed was an analytics platform capable of unifying and helping us to fully leverage our informational assets. Expectations for the platform would be to deliver clean information from all available sources, not just for our CRM solution, but for marketing and financial operations as well,” said Madelaine Spoljoric, Vice President of Business Intelligence for Horizon Bank. “With this in mind, we selected the Daybreak for Financial Services platform, which made the integration of informational sources fast and simple while delivering powerful analytics and actionable insights.”
Data experts at Aunalytics took a three-pronged approach to solve Horizon Bank’s business challenges using the Daybreak for Financial Services analytics database platform. The first step was to get the data right by converging disparate repositories, and organizing the information for ingestion in the proper application area. Horizon Bank would leverage Daybreak’s robust, cloud-native platform to convert data into answers in support of a wide range of business intelligence applications.
Daybreak allows Horizon’s executives to view system-wide data from all business units, cleansing and verifying records to provide enriched data for accurate decision making. The aggregated data delivers a 360-degree view of customer information including behavioral data, from which the platform’s proprietary AI technology and deep learning models developed by Aunalytics data scientists glean customer intelligence insights.
Aunalytics’ data centers host customer data in a secure enterprise cloud and compute environment, which is based on a highly redundant and scalable platform. This allows customers to scale as their business requires with hosted servers, applications, and data. Daybreak users are supported by the company’s 24/7/365 help desk, which Horizon Bank praised for its on-demand service suite and resolution of issues if and when they arise. Horizon Bank administrators access these services through the customer self-service portal, providing service ticketing, system-wide monitoring and alerting, 24x7 telephone support, 24x7 onsite support, and preventative maintenance on covered systems.
To initiate the company’s digital transformation strategy, Horizon Bank migrated 100,000 customers from an acquisition into the Daybreak for Financial Services analytics database platform overnight. This resulted in a successful post-merger transition. The introduction of automation and the simplification of IT infrastructure by bringing systems together has streamlined the company’s computing environment significantly. Automated dashboards now generate reports daily using multiple sources, replacing spreadsheets that required the review of data across hundreds of tabs. This advancement allows for deeper insights as the bank can now get very granular and take actions based on clear, accurate data—something that was not possible previously. Some of the reports produced by the new system go to senior management, including the CEO—a sign of real business impact.
“In support of this Daybreak deployment, the excellent strategic direction of the business intelligence team at Horizon Bank has made the platform that much more effective, providing for more accurate data-driven decision making,” said Ryan Wilson, Vice President, Client Relationships for Aunalytics. “We are enjoying this journey and look forward to continue working together with Horizon on these initiatives.
Full case study here.
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About Aunalytics
Aunalytics is a data platform company delivering answers for your business. Named a Digital Innovator by analyst firm Intellyx, and selected for the prestigious Inc. 5000 list, Aunalytics provides Insights-as-a-Service to answer enterprise and mid-sized companies’ most important IT and business questions. The Aunalytics® cloud-native data platform is built for universal data access, advanced analytics and AI while unifying disparate data silos into a single golden record of accurate, actionable business information. Its DaybreakTM industry intelligent data mart combined with the power of the Aunalytics data platform provides industry-specific data models with built-in queries and AI to ensure access to timely, accurate data and answers to critical business and IT questions. Through its side-by-side digital transformation model, Aunalytics provides on-demand scalable access to technology, data science, and AI experts to seamlessly transform members’ businesses. To learn more contact us at +1 855-799-DATA or visit Aunalytics at https://www.aunalytics.com or on Twitter and LinkedIn.
PR Contact:
Denise Nelson
The Ventana Group for Aunalytics
(925) 858-5198
dnelson@theventanagroup.com
Why Cybersecurity Should Be a Top Priority for Mid-market Businesses
Cybersecurity should be a top priority for mid-market organizations. With remote working at its highest, most businesses now hold some form of sensitive data in the cloud and workers access company data from remote locations. Zero trust security principles based upon a user’s credentials instead of a user’s location within a firewalled company facility are the new norm.
At the same time, the number of cybersecurity attacks has increased to its highest levels ever. It has been reported that ransomware attacks increased over 90% in 2021. Ransomware has hit new levels of sophistication, with demands for payment skyrocketing into the tens of millions. McKinsey reports that attacks are motivated by:
- Vulnerabilities posed by pandemic weary organizations and workers logging in from unsecured home networks
- Ever advancing connectivity driven by advancing digitization
- Threat actors are now “dwelling” undetected within victims’ environments (instead of using a smash and grab approach) to better understand where the highest value data and information lives and then selling that to the highest bidder
- More companies have been forced to pay ransoms to regain control of their networks and data, so hackers are further incentivized to innovate on this lucrative threat
Companies need to ensure they remain resilient by focusing on ransomware prevention, preparation, response, and recovery strategies. This is a journey—threats continue to evolve and staying ready means staying up to date with new threats of increasing sophistication, cyber security strategies, and best practices. Over time, increasing cyber maturity creates a resilient environment where attacks may still occur but do not have the same impact they would otherwise.
Mid-market businesses need expert skills in cloud security and data security, which is not standard in mid-market IT department skillsets. Keeping servers in a closet guarded by your IT department is extremely risky for data protection. With constantly looming cyber threats, organizations should make cybersecurity best practices a top business priority—and Aunalytics is here to help.
