How to Assess True Branch Profitability in Mid-Market Banking - PDF

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How to Assess True Branch Profitability in Mid-Market Banking

Branch profitability calculations are critically important for branch planning. Traditionally, the branch where a customer opens an account receives credit for that customer’s business. But it’s not always that simple. Learn how analyzing the right data can lead to more accurate results.


Why Mid-Market Organizations Need Digital Transformation Solutions that Combine the Right Technology and Talent to Achieve Business Value

Why Mid-Market Organizations Need Digital Transformation Solutions that Combine the Right Technology and Talent to Achieve Business Value

At Aunalytics, we know that an organization’s everyday data holds value, yet is a resource that often remains untapped. This is especially true for the mid-market—this market segment has been underserved and often lacks access to data management and analytics technologies and expertise. Our mission is to empower the mid-market with solutions that enable digital transformation so they can compete and stay relevant.

Digital transformation calls for mid-market companies to shift away from operational silos and work across the company to harness the power of data. This requires the integration of diverse technology across all functional business areas to enable convergence, promote a positive cultural change, drive customer value, and facilitate operational agility. Gartner’s report “Over 100 Data and Analytics Predictions Through 2025” asserts that by 2024, 75% of organizations will have established a centralized data and analytics center of excellence to support federated data and analytics initiatives and prevent enterprise failure. By 2023, organizations with shared companywide data management goals, including stewardship, governance, and semantics to enable inter-enterprise data sharing, will outperform those that don’t.

There is a recipe for successfully transforming massive amounts of corporate and third-party data created and used daily in your lines of business into a valuable asset. But to achieve business outcomes, organizations need to implement digital transformation solutions that include the right technologies/tools combined with the right talent.

 

Aunalytics End-to-end platform

The Right Tools and Technology

Mid-market companies generally do not currently have the tools needed to find value in their data through advanced analytics and AI. An enterprise data warehouse is only one piece of the puzzle. Successful mid-market digital transformation requires the appropriate storage and compute infrastructure, data management platform, and analytics software. It can be difficult to piece together each of these components into a single, unified system—it is expensive, time-consuming, and inefficient.

To solve this challenge, Aunalytics has developed a robust, cloud-native data platform built for universal data access, powerful analytics, and AI. Mid-market businesses benefit from using an end-to-end, cloud-based platform as it moves the burden of infrastructure procurement and maintenance to a third-party vendor in the data industry. An end-to-end platform is secure, reliable, and scalable while including the added benefit of being deployed and managed as a service. This is especially important for mid-market businesses because finding the right talent to execute digital transformation initiatives is extremely challenging in the current market.

 

The Right Talent and Expertise

Most IT departments do not currently have the skill sets needed for getting business value out of data. At the same time, for most mid-market companies, it does not make business sense to hire an entire division of highly compensated data experts to achieve digital transformation goals. Even if a mid-market company can find and hire these scarce resources—they were hard to come by even before the Talent War of 2022.

Experts by your sideEstablishing a side-by-side partnership with a data platform company is the key to gaining the benefits of working with experts including cloud engineers, data engineers, security experts, data scientists and other highly skilled technical resources to achieve true business value. By getting expert help, you can devote your company’s time, resources, and innovation to your business and focus on what you do best.

Aunalytics provides a team of experts who assist every step of the way. Mid-market businesses will have access to the right tools, resources, and support throughout our end-to-end process. Our team also includes industry experts who help businesses identify areas in which data can provide the most value, and guidance on how to work toward achieving these goals.

 

Aunalytics’ Digital Transformation Solution Gives Mid-Sized Businesses Answers

 

Tools + Talent = Business Outcomes

 

With Aunalytics, you get the technology and expertise required to complete the journey from data to actionable business results. This combination accelerates digital transformation, which allows businesses to realize the value of their investment quickly. By taking advantage of the experienced data professionals at Aunalytics, organizations can save time and avoid making costly mistakes while also maximizing the value currently hidden in their data.


eBook: What Mid-Market Companies Need for Data-Driven Success and How to Get It

eBook

What Mid-Market Companies Need for Data-Driven Success and How to Get It

Using your data as an asset to drive competitive business growth and achieve cost cutting operational efficiencies is imperative for a company to compete, survive, and thrive. Increasingly, data and analytics have become a primary driver of business strategy and the potential of data-driven business strategies is greater today than ever.

eBook - What Mid-Market Companies Need for Data-Driven Success
Fill out the form below to receive an email with a link to the eBook.

Aunalytics is a data platform company. We deliver insights as a service to answer your most important IT and business questions.

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What Mid-Market Companies Need for Data-Driven Success and How to Get It

eBook

What Mid-Market Companies Need for Data-Driven Success and How to Get It

Using your data as an asset to drive competitive business growth and achieve cost cutting operational efficiencies is imperative for a company to compete, survive, and thrive. Increasingly, data and analytics have become a primary driver of business strategy and the potential of data-driven business strategies is greater today than ever.


Daybreak is a Customer Data Platform Encompassing Ingestion to AI for an End-to-End Analytics Solution

Daybreak: an end-to-end customer data platformAs technology advances and AI and advanced analytics are becoming mainstream, consumers have grown to expect a more personalized experience from their bank or credit union. This is especially important for midsized community financial institutions as they rely on their white-glove service to compete against large national banks. Having a customer data platform that not only integrates, aggregates, and cleans customer-centric data, but also makes it easy to gather actionable insights using AI and machine learning is essential. Gartner reports that by 2024, 75% of organizations will have deployed multiple data hubs to drive mission-critical data and analytics sharing and governance. While this is a high priority initiative for many organizations, community banks and credit unions frequently don’t know where to start, or get stuck trying to piece together various tools to build a customer data and analytics solution on their own. Now, there is a better answer.

Daybreak is an end-to-end data and analytics solution, providing daily insights powered by a robust data platform, financial industry intelligence, and AI-powered insights. In the current market, it can be difficult for midsized financial institutions to hire the technical talent for complex data management and advanced analytics. Aunalytics provides clients with the right tools, resources, and support throughout our end-to-end process. The right foundation is essential for a successful AI, machine learning, and predictive analytics journey.

Watch the video below to see why an end-to-end customer data platform is the ideal solution for community banks and credit unions:

Daybreak allows community banks and credit unions to compete with large financial institutions by…

  • Understanding customers,
  • Optimizing processes, and
  • Revealing actionable insights.

See how Daybreak Customer Intelligence for Financial Institutions is the customer data platform that makes it easier for community banks and credit unions to gain actionable insights and achieve positive business outcomes.


Enhance Customer Experience Webinar

Webinar: Enhance Customer Experience and Increase Market Share with AI-Driven Personalized Interactions

Webinar

Enhance Customer Experience and Increase Market Share with AI-Driven Personalized Interactions

Aunalytics CMO Katie Horvath explains how midsized banks and credit unions can enhance the customer or member experience by becoming more data-driven. Employing these strategies can lead to increased revenue, lower expenses, and increased operational efficiencies.

Fill out the form below to receive an email with a link to the webinar.

Aunalytics is a data platform company. We deliver insights as a service to answer your most important IT and business questions.

Get Started

Featured Content

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Enhance Customer Experience Webinar

Enhance Customer Experience and Increase Market Share with AI-Driven Personalized Interactions

Webinar

Enhance Customer Experience and Increase Market Share with AI-Driven Personalized Interactions

Aunalytics CMO Katie Horvath explains how midsized banks and credit unions can enhance the customer or member experience by becoming more data-driven. Employing these strategies can lead to increased revenue, lower expenses, and increased operational efficiencies.


Aunalytics to Showcase its Daybreak for Financial Services Solution at Illinois, Southeast, Ohio, and Michigan Banking Events in June

Leading Data Platform Provider Will Feature Its Aunalytics Daybreak for Financial Services Designed to Help Mid-market Banks Compete Against Large Financial Institutions

South Bend, IN (June 8, 2022)Aunalytics, a leading data platform company delivering Insights-as-a-Service for mid-market businesses, today announced its participation at the Illinois Bankers Association Annual Conference, June 8-9,  Southeast Credit Union Conference & Expo, June 15-17,  Ohio Bankers League 2022 Convention, June 16-19, and the Michigan Bankers Association Annual Convention, June 22-24. The company will showcase its DaybreakTM for Financial Services solution, designed to help mid-market banks leverage artificial intelligence (AI)-powered data analytics to compete more effectively against their large, national counterparts. Aunalytics is also sponsoring the New York Credit Union Association’s EXCEL22 Annual Meeting & Convention, June 16-19.

“Personalized marketing in a digital world matters more than ever before, especially for mid-market banks that have traditionally relied on hometown, white glove service to win customers,” said Katie Horvath, Chief Marketing Officer of Aunalytics. “With Aunalytics Daybreak for Financial Services, midsize financial institutions can target-market more efficiently, reach high-value customers with the right product offering, and win business away from competitors to expand value. We look forward to meeting with bankers and credit unions from Ohio, Michigan, and the southeast, and demonstrating how Daybreak for Financial Services can help them strengthen their position in regional markets and compete more effectively.”

Daybreak for Financial Services enables midsize financial institutions to gain customer intelligence and grow their lifetime value, predict churn, determine which products to introduce to customers and when, based upon deep learning models that are informed by data. Built from the ground up, Daybreak for Financial Services is a cloud-native data platform that enables users to focus on critical business outcomes. The solution seamlessly integrates and cleanses data for accuracy, ensures data governance, and employs artificial intelligence (AI) and machine learning (ML) driven analytics to glean customer intelligence and timely actionable insights that drive strategic value.

Tweet this: .@Aunalytics to Showcase its Daybreak for Financial Services Solution at Illinois, Southeast, Ohio, and Michigan Banking Events in June #FinancialServices #Banks #CreditUnions #Dataplatform #DataAnalytics #Dataintegration #Dataaccuracy #AdvancedAnalytics #ArtificialIntelligence #AI #Masterdatamanagement #MDM #DataScientist #MachineLearning #ML #DigitalTransformation #FinancialServices

 

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 customers’ 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


22 Michigan Bankers Association Annual Convention

2022 Michigan Bankers Association Annual Convention

June 22-24, 2022

2022 Michigan Bankers Association Annual Convention

Grand Hotel, Mackinac Island, MI

Aunalytics is proud to be a Silver Sponsor of the 2022 MBA Convention

Aunalytics is excited to attend the 2022 Michigan Bankers Association Convention as a Silver Sponsor. Aunalytics will be demonstrating Daybreak™ for Financial Services, a cloud-native data platform which enables midsized banks to focus on critical business outcomes and make data-driven business decisions in order to compete with large financial institutions.

22 Michigan Bankers Association Annual Convention