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Financial Services

Financial Intelligence is critical, ensuring success requires analytical insight led products & services.

Disconnected Solutions

Financial service experts understand the language of business, helping decision makers see what’s coming. But with every new regulation there’s another software solution to manage. You need a single solution that’s easy to use, easy to share and pull in all your data in real-time.

Make your decision with confidence.

Data is a source of significant competitive advantage for any organization.  Financial institutions need to support business activities and decision making in a fashion that is timely, relevant, verifiable, and personalized to meet a variety of stakeholder requirements.  However, it is easy for financial services firms to become overwhelmed by the volume and complexity of unstructured data.

Sunovaa customized solution inputs you in control of your data. Get back to leading your business with every meaningful metric in the palm of your hand. Sunovaa Solutions connects to all your data so you can see exactly what’s going right and receive notifications when it’s not. Want to automate financial reports? Easy. Need to glean actionable insights across data silos? Done. Bring more to the boardroom with Sunovaa Solutions.

  • Consolidate reporting into a single channel
  • Gain efficiencies of scale
  • Improve access to data
  • Maximize ROI

Banking

Re-shaping the Future of Banking

Banks often contain copies of enterprise data,the problem is exacerbated by the new sources of data that modelers want access to. The oft-repeated phrase that “the analytics problem is a data problem” underscores the need to closely link analytics and data management.

Business intelligence support better business decision-making. Thus a BI system can be called a decision support system (DSS). BI uses technologies, processes, and applications to analyze mostly internal, structured data and business processes while competitive intelligence gathers, analyzes and disseminates information with a topical focus on company competitors.

Insurance

Over come the strategic and operational challenges.

Data transparency is a critical success factor for overcoming operational and strategic challengesInsurance companies are currently facing the challenge to continuously adapt reporting- and planning processes to both internal and regulatory requirements, as well as keeping up with competitive pressures.

Securities & Investments

Insights in the market changes

Unless you go through the expensive and time-consuming process of creating your own proprietary system, good financial data and reporting is difficult to come by. Sunovaa solutions builds dashboard, track the key financial indicators affecting your business and driving your bottom line.

  • Compare and measure IRR and indexing
  • Track time-weighted returns
  • Compare volatility
  • Visualize correlation
  • See maximum draw down

BI Reports & Dashboard

Ceo with BI

Banking

Companies in the consumer banking and financial services industry typically have data warehouses and Business Intelligence tools for reporting on and analyzing customer behavior to better anticipate their needs, and for optimizing operations.

Retail Banking Operations: Analytical Reporting on multiple products, bundles, and packages.


Commercial Banking Operations: Streamline and automate commercial banking operations with flexible, agile processes.


Finance: Optimize financial processes and provide real-time financial, risk, and operational insights.


Benefits

  • Reports and dashboards tracking and monitoring sales performance by any dimension, KPI, Score cards etc.
  • Track sales figures versus budget in branches
  • Use Analytics reports to increase cross sell ratios
  • Access to core banking data to slice and dice and drill to lowest levels postings
  • Timely operational reports on transactions, volumes and trends
  • Improve revenue and profits by acquiring and retaining high value customers
  • Financial and Profitability analysis

Insurance

Insurance companies can monitor changes, such as new regulatory guidelines, low interest rates, demographic change or new trends, for example, real-time processing, mobility-, cloud- and big data solutions, create risks as well as opportunities for existing business models.

In order to analyze the effects and strategic decisions, a company-wide uniform and consolidated database is a critical success factor. It is a fundamental requirement for data transparency and -quality of reporting- and planning processes and the basis for mastering upcoming challenges. This can be addressed by Enterprise Data Warehousing, that will enable setup of integrated enterprise BI-solutions.

With access to your most critical information all in one place, Sunovaa cusotmized customized data solutions makes you possibly the most successful agent of the month.


Benefits

  • Customer reporting: Individual analysis of your customer portfolio and risk associated with it.
  • Management reporting for effective and efficient management reporting, from the clarification of report contents, visualizations, reporting processes.
  • Operative reporting for company-wide reporting solutions and reporting processes for individual departments.
  • Financial reporting – connection of operational financial systems to the group- or department reporting, as well as the analysis of corporate controlling system
  • Insurance Management reporting – Consulting and support for set-up of integrated enterprise BI solutions, supporting BI-activities within Core-Insurance-projects.
Ceo with BI
Ceo with BI

Securities & Investments

Business Intelligence solutions provide business analytics for executives that support tactical data initiatives and enable long-term planning and strategic thinking. BI enables business analytics that optimize customer insight at the point of interaction while also providing information to help improve the effectiveness of your operations.


Benefits

  • Customer insight and key indicators tracking
  • Business intelligence and reporting
  • Accurate profitability analysis, achieved versus variance monitoring and reporting
  • Product pricing benchmarking, analysis that can balance market share and profitability
  • Taking guesswork out of risk management providing accurate analysis reports.
  • Regulatory compliance monitoring to avoid any slippage and consequential fines.

Data Visualization

Ceo with BI

Banking

Bank executives have the most daunting tasks of taking decision based on multiple parameter defined by the regulatory authorities and at the same time follow the profitability guidelines over the huge data together from multiple business lines. With Sunovaa Solutions you’ll have the visualization of complex data to answer any question.


Benefits

  • See complex data of deposits over long period of time with multiple parameters.
  • Set notifications for new account activity
  • Manage credit risk portfolios
  • Track treasury and non-interest fee income

Insurance

Insurance industry deals with a titanic amount of data, data visualization is and will remain an absolutely fundamental tool for practicing its trade. While insurers have long been skilled in collecting information, they now generate and acquire exponentially growing, disparate, and complex quantities of data — and depend on them, perhaps in some ways for their very survival, in today’s marketplace.

The industry spends considerable resources and energy collecting and storing data, not just because it produces a lot of it but more likely because the regulatory environment mandates storing much of it. The industry hasn’t spent nearly enough effort aggregating its data across functional silos, integrating internal data with third-party data, analyzing the data, and distributing the resulting insights to people who can take action on it.

For example, imagine a claim for hail damage to an auto on a given day in the insured location. The insurer would invariably want to know: Would a claims adjuster at my company know the garaging address for the policy listed on the underwriting system? Let’s say maybe. Would he or she know what the weather was in insured location on that day? That’s another maybe. Would all these pieces of data come together at the same time and be presented to the adjuster in a way that’s easy to analyze? That’s highly unlikely. And that’s exactly where visualization becomes so helpful.

Unquestionably, the tried-and-true bar, line, and pie charts have served us well. But when the complexities of relationships are more nuanced and the data becomes more unstructured, visual analytics need to become more dynamic, multidimensional, and customized.

Benefits

  • Discover critical, previously hidden connections within data. Seeing those connections — within proprietary data, in data from external sources, or through a combination of sources — provides insight and knowledge to make decisions.. The contextual approach provides a multidimensional understanding of policy performance, consumer behavior, and industry trends.
  • For property/casualty insurers, visualization can help identify a range of data issues quickly — from a high-level snapshot of where exposure is located to exposure composition and completeness, including breakdowns by occupancy and construction, building age and height, or geocode quality.
  • Data visualization comes in handy is commercial and personal auto insurance. Telematics programs in place use sensors to determine factors as simple as distance (vehicle miles traveled) and as sophisticated as camera-based recording for immediate or deferred analysis, meaningful interpretation, and/or visualization.
  • Today’s advanced climate models are capable of effectively projecting the impact of storms as they get closer to coastlines or geographic regions. Assess the total number of policyholders expected to be affected. The visualization models help enable the decision maker or assessor to get down to an individual building level, often facilitating a preplanning process and allowing companies to communicate proactively with policyholders to mitigate damage.
Ceo with BI
Ceo with BI

Securities & Investments

The pace of change in the financial services industry is increasing rapidly and organizations must move quickly to respond to market needs and customer demands. To support timely, accurate decisions and innovation, financial institutions must have access to the right business data presented in the right visual context. Banks, insurers and capital markets firms are facing data overload as social media and advanced technologies are producing more data points for analysis. How can executives make the right decisions in a timely manner? How can business data be presented in the right visual context?

The ever-increasing speed and complexity of data has forced a change in traditional business intelligence and reporting practices among financial services organizations. With advances in visualization techniques, visual business intelligence has emerged as a way to simplify and synthesize complex data so it’s easier to present to line managers and executives

Sunovaa partners with your organization to deliver optimised optimized visualization solutions that can deliver insights to make you win in market place.

Benefits

  • Interpret, refine, enhance and provide a continuous insightful enterprise story which helps business managers make impactful decisions.
  • Empower business managers with visual insights
  • Increase knowledge discovery like analysis
  • Make impactful decisions collaboratively across all business functions
  • Reduce efforts on data management

Advanced Analytics

Ceo with BI

Banking

Bank executives have the difficult task of pulling massive amounts of data together from multiple business lines, all while under the watchful eye of regulators and shareholders.Sunovaa Solutions brings together your most important metrics, adapting to an ever-changing industry.


Benefits

  • See deposits (DDM/savings) over time
  • Set notifications for new account activity
  • Manage credit risk portfolios
  • Track treasury and non-interest fee income

Insurance

Unleashing the value of advanced analytics in Insurance. Advanced analytics can transform how insurers do business, but realizing its potential requires complex, large-scale organizational changes.

Life insurers and property-and-casualty insurers have lagged behind other financial-services sectors, but they are now catching up in their adoption of predictive and optimization models in business processes such as sales, marketing, and service. The overall effect of these developments will be greater depth and breadth of analytics talent throughout organizations, significant improvements in management processes, and new products that deliver greater value to customers and to society.

Benefits

While the impetus to invest in analytics has never been greater for insurance companies, the challenges of capturing business value should not be underestimated. The key for insurers is to motivate their highly skilled experts to adopt the newest tools and use them with creativity, confidence, and consistency.

  • Actuaries using advanced maths: Instead of relying only on internal data sources such as loss histories, auto insurers use behavior-based credit scores from credit bureaus into their analysis when they became aware of empirical evidence that people who pay their bills on time are also safer drivers.
  • New tools to underwrite new risk: Blend health-risk analytics model by blending best-in-class actuarial data with medical science, demographic trends, and government data.
  • Advanced Analytics Modeling: Innovations in analytics modeling will enable carriers to underwrite many other emerging risks that are underinsured, including those related to cybersecurity and industry-wide business interruption stemming from natural disasters
  • Real-time data monitoring that influences behavior:Real-time monitoring and visualization is fundamentally changing the relationship of insurers and the insured. Using telematics report that better driving habits results in significant percent reduction in the number of claims.
Ceo with BI
Ceo with BI

Securities & Investments

As the global economic downturn evolves into recovery, financial services companies seek in-depth insights to solve critical business issues, reduce risk, and drive growth. By applying advanced analytics to capture and understand their data, companies in the banking and securities, insurance, and investment sectors can leverage their data to build stronger, more robust business models. In doing so, they can make more proactive decisions that deliver customer value.

For financial firms that face challenges of increased governance, risk, strict compliance guidelines, and worldwide economic instability, the need for data-driven decisions is even more crucial. “To navigate the complexity and manage capital more effectively, it’s essential to develop advanced analytic forecasting capabilities and financial management techniques”.

Benefits

  • Decision Support Analytics:Synthesize diverse data systems, extrapolating trends, improving efficiency, and recommending changes to the overall business.
  • Compliance Cost Reduction: Financial services industry witnessed hundreds of new regulations. These changes will have a heavy influence on the sector’s data strategy. Beyond long-standing Sarbanes-Oxley regulations, new regulations fromBasel III, the Dodd-Frank Act and other legislation create new complexities — with data as a mission-critical remedy.
  • Rigorous Predictive Models: Volumes of data are growing exponentially for the finance sector. These data points are invaluable for profit and efficiency maximization.

Data Services

Ceo with BI

Banking

Banking analysts are building data models that can predict loans likely to become delinquent in order to initiate proactive action. Large banks in the United States are initiating transfer of servicing rights to sub servicing organizations for specific loans in default.

Identifying loans that are to be moved to sub servicing organizations requires detailed analysis of various data elements such as history of the loan, the borrower, and the loan documents.

Sunovaa Data Solutions use predictive analytics to create heat maps that identify regions that are known for mortgage fraud, showing details at a zip code level and possibly at an individual level. This enables effective analysis when the appraisal process is being conducted for a new loan application and can help prevent potential property valuation, occupancy, and short-sale fraud.

Sunovaa Big Data technologies solutions can help in the identification of household spending patterns by building a richer view of customers. Banks can analyze transaction logs for all their products and identify spending trends at the household level. This provides a better view of the customer’s true ability to pay back loans and also helps identify future cross selling and up-selling opportunities.

Sunovaa Data Solutions works with Bank traditional enterprise data from operational systems related to customer touch points such as:

  • ATMs
  • Call Centers
  • Web-based and mobile sources
  • Branches / Brokerage units
  • Mortgage units
  • Credit cards
  • Debt including student and auto loans
  • Volatility measures that impact the clients’ portfolios

Benefits

  • Increased customer intimacy by developing and delivering unique products and services for their customers.
  • Fraud detection and prevention is facilitated by analyzing transactional data and interdicting an incoming real-time stream of transactions against a well known set of patterns.
  • Understanding the life cycle of a customer enables more services to be sold to the customer over time
  • Building Mobility & location based products and services based on data analysis.

Insurance

Insurance agents deserve a raise. No seriously, staying on top of new products, changing guidelines, lengthy procedures and applications is a full-time job. In order to deliver the best possible product and solutions you need reliable, real-time data that doesn’t let you down.Sunovaa Data Solutions saves you time, so you can save customers money. With access to your most critical information all in one place, Sunovaa Solutions makes you agent of the month–every month.

Benefits

  • Calculate average cost per claim
  • Follow claims ratios
  • Track average claim settlement time
  • See float, premium and loss activity
Ceo with BI
Ceo with BI

Securities & Investments

Today’s explosion of data is changing the work we do, the products we make, and how companies engage with customers. In the wake of big data, new analytics, and new data techniques, financial services organizations are becoming more data-centric than ever before to drive value.

This data focus leads to new insights and business value while saving costs and improving process efficiency. Sunovaa can empower your firm to move faster along this journey to transform data into actionable insights and effectively leverage information across your entire organization.

Benefits

  • Data services that enables Customer Data Monetization by providing a single view of the customer that promotes customer centricity, risk analysis and customer retention by providing insights into the customer behavior.
  • Transaction & operational Data services enables financial services organization to further launch new products and services, algorithmic trading& analytics and overall organizational analytics.
  • Enables risk management and increasing regulatory compliance reporting across organization and managing the demands of the ever increasing watchful regulatory bodies in the financial sector