SwiftKnowledge Launches Pre-Built, Software-as-a-Service Banking Analytics

Feb 08, 2011

SwiftKnowledge, LLC, a global provider of web-based business intelligence (BI) software, announced SwiftKnowledge for Banking On Demand, the first and only cloud computing-based suite designed to help banks quickly and easily identify and manage risk; enhance customer insight; and improve product, pricing and channel efforts.

Key BI functionalities - including reporting/analytics, predictive modeling, and proactive notification - and bank-specific applications are featured in SwiftKnowledge's new SaaS offering, with more than 100 pre-built bank reports ready to use upon deployment. Banks benefit from SwiftKnowledge for Banking On Demand's pay-as-you-go pricing option, fast deployment, support of industry standards, reduced in-house IT support requirements, and out-of-the-box integrations with major banking core processors.

SwiftKnowledge's new SaaS offering is based upon its on-premise SwiftKnowledge for Banking solution, launched in July 2009 and in use by banks across North America - including Anchor Bank, Superior Bank, Lone Star National Bank and Kleberg First National Bank - for a variety of BI-powered activities, such as managing and optimizing cash reserves and teller efficiencies; understanding Regulation E (Reg E)'s impact on overdraft protection income; and analyzing customer behavior, such as opened/closed account trends.