ENHANCED THE COMPANY'S ABILITY TO MANAGE THE RISK
ANALYTIC TOOLS PROVIDE BETTER BUSINESS INSIGHTS AND IMPROVE DECISION-MAKING
About the Client:
Bank of America is one of the world’s largest financial institutions, serving diverse businesses with a full range of banking, investing, asset management & other financial and risk management products and services.
The bank serves approximately 56 million U.S. consumers and is a global leader in corporate and investment banking and trading.
Industry
Banking Industry
The Project Challenges:
The client reached out to Visvero to seek help in:
Developing a series of applications to support the banks business needs in the area of internal ops management and sales and marketing.
Loans and another asset performance
Risk profiling and exposure
Visvero's Solutions Approach:
Visvero developed various dashboard applications for browser-based and mobile platform consumption using QlikSense/View. We developed internal standards repository for a library of analytics tools and maintain an analytics helpdesk to support the executives reports and queries 24X7.
Visvero effectively helped the bank develop and deploy a series of Hadoop applications to support the bank’s internal business needs and measuring bad loans and asset performance issues. We enabled the client with analytic tools and enhanced integrated reporting system for a better flow of information throughout the system at all levels.
Overall Performance & Results:
Visvero helped achieve the below outcomes:
Met the Basel II requirements by developing a fully functional integrated reporting system.
Adoption of an organization-wide information sharing and content creation strategy for better decision-making.
Develop several applications on the Hadoop platform
Doing a large Blockchain-based Proof of Concept
To maintain various BI applications for WMU
