Alation for Financial Services

Better understand customers, build resilience and trust, and create compelling experiences

Overview

Economic uncertainty and evolving risks are challenging financial services firms to take bold action in order to maintain competitive advantage and satisfy changing customer demands. To boost profitability, these firms must acquire a deeper understanding of the customer, build resilience and trust, and deliver data-driven products and services that create a compelling customer experience.

How Alation Helps Financial Services Firms

DELIVER PERSONALIZED EXPERIENCE

MEET REGULATORY DEMANDS

IMPROVE RISK MODELING

MODERNIZE LEGACY SYSTEMS

ENHANCE CUSTOMER INTERACTIONS

How Financial Services Firms Use Alation

Deliver personalized experience

Financial services firms have vast stores of department-specific data stored in siloed structures. These silos prevent them from leveraging the information effectively — making it challenging to gain a deeper, enterprise-wide understanding of customers. Alation creates a holistic view of the data to enable a complete, 360-degree view of customer-related information to deliver tailored customer experiences.

Meet regulatory demands

Financial services firms must strengthen their current risk mitigation efforts while addressing emerging threats. If not properly addressed, security and regulatory issues can lead to reputational damage or financial penalties. Alation enables active data governance and facilitates compliance with multiple regulations, like Basel and GDPR, while monitoring and managing data and security related risks.

Improve risk modeling

In today’s operating environment, financial services firms must balance a multitude of risks. Timely access to enterprise and market related risk data is critical for improving fraud detection, better understanding credit quality , and anticipating problems within customer segments and business lines. Alation delivers a single, real-time view of enterprise and external data, enabling you to pursue innovative approaches to risk modeling.

Modernize legacy systems

Before they can maximize returns on digital channel investments, financial service firms must confront the challenges associated with legacy data systems, data reconciliation, and gaining a common view of the customer. Overcoming these challenges establishes the foundation for innovation. Alation enables you to accelerate data modernization and cloud transformation by significantly reducing risks, improving cost optimization, and facilitating data governance.

Enhance customer interactions

Financial service firms must improve customer interactions by capitalizing on a seamless flow of data across all channels. To effectively leverage these data streams, financial service firms must understand their data assets, how data flows through digital business processes, and deliver data-driven products and services. Alation helps create a data culture, ensuring that more people are creating value with data in a compliant and ethical way.