Alation for Financial Services
Better understand customers, build resilience and trust, and create compelling experiences
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.
Read how Alation benefits Financial Services firms
"Alation is a great way for our users to discover information and use it in a more efficient way to make decisions that impact the business.”
Head of Data, Mission Lane
"Alation gives users access to the data owners and helps them understand the data from a business point of view."
Director Data Marketing, Retail, Société Générale