Extra tags: Data Fabrics
InterSystems, a data technology provider, dedicated to helping customers solve their most pressing scalability, interoperability, and speed issues, has announced the release of a new suite of financial services solutions designed to help firms become more agile, make faster, more informed decisions, and better respond to changing customer expectations.
The solutions were created to suit the diverse needs of the financial services ecosystem's many audiences, including big and mid-tier financial services organisations, software providers, and fintechs. The Business 360, Customer 360, Institutional Client 360, and Cloud Fintech Gateway solutions use next-generation data management technology and a new architectural approach – a smart data fabric – that provides an overarching and non-disruptive layer that accesses and harmonises information from source systems on-demand, as well as analytics and business user self-service capabilities.
The solutions provide financial services organisations with a real-time, consistent view of the information from distributed internal and external sources, including real time streaming data. They are ideal for complex data environments and help to remove the limitations, complexities, and delays associated with previous approaches such as data lakes and warehouses, thereby allowing financial services firms to make faster, more informed business decisions.
“Most financial firms have an enormous volume of data at their disposal yet are unable to fully leverage it to innovate to drive their businesses forward,” commented Michael Hom, Head of Financial Services Solutions, InterSystems. “Our new suite of solutions was designed with financial services organisations of all sizes and their unique challenges in mind. The use of smart data fabrics will enable them to connect their disparate data sources, be in a better position to innovate, and respond to changing customer needs and an ever-evolving landscape.”
Powerful and flexible self-service analytics capabilities enable business users to freely explore the data, ask ad hoc questions, and then drill down via interactive queries based on initial findings, while advanced analytics capabilities allow business users to access critical insights through predictive analytics and interactive dashboards. This frees IT teams to focus on more strategic initiatives by empowering line of business personnel to fully explore and leverage the data.
One organisation to have adopted the Business 360 solution is Harris Financial Group, Inc.. The solution provides a comprehensive view of the enterprise to enhance its ability to respond to growth opportunities and address challenges in a more agile manner.
Each solution offers financial services organisations a range of different capabilities suited to their specific needs, allowing them to unlock key benefits:
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InterSystems Business 360 enables business leaders and their teams to fully utilise a current and accurate 360-degree view of enterprise data, resulting in a variety of benefits such as improved decision support, better compliance, stronger risk management, increased revenue generation, improved operational resilience, and accelerated innovation.
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InterSystems Customer 360 enables financial services organisations to create and maintain a comprehensive, current, and accurate 360-degree view of their customers, delivering a wide range of benefits, including improved customer experience, increased revenue, reduced churn, and higher operational efficiencies.
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InterSystems Institutional Client 360 enables investment management organisations to achieve a holistic view of their institutional clients to gain the critical insights needed to create and execute more impactful strategies, increase revenue, and deliver outstanding levels of client service.
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Cloud Fintech Gateway provides a dynamic, bidirectional real-time data gateway that connects cloud-based Fintech applications and services with organisations’ existing on-premises applications and data stores faster and with a simpler architecture than traditional approaches.
