The Financial Insights Innovation Awards (FIIA) seeks to recognize
the successes institutions in displaying innovation in business
strategies, product development and the application of technology
in day-to-day business operations. These initiatives are measured
by a FIIA Assessment Panel (made up of Financial Insights worldwide
analysts and an independent panel of industry practitioners)
against a rigorous set of matrices which look at the responsiveness
to market needs, effectiveness of rollout, and market take-up and
sustainability.
The award was given to Yes Bank for its efforts in driving
enterprise-wide, actionable business intelligence. The bank has
sought a comprehensive focus across retail liabilities, corporate
assets, operational risk, and asset-liability management, with the
end-game of providing financial, risk, operational, and customer
intelligence to the right users, in the right place, at the right
time, and in the relevant format, delivered in a secure, automated
environment.
On receiving this prestigious award, Suresh Sethi, Group
President – Transaction Banking Group, Yes Bank said,
“An organization faces multiple business challenges with
respect to obtaining business intelligence coupled with information
security risk. We believe that with the implementation of the
Business Intelligence tool - Kaleidoscope, the solution is more
agile, flexible and consistent.”
Sethi explained that the tool was architected to seamlessly
integrate multiple applications across varied business segments and
provide an integrated data platform on which multiple variations
can be made accessible on a centralized level. This has benefited
the bank in the integration of information, ease of reporting,
holistic customer view, effective resource utilization, end-user
simplification, providing business opportunities and superior
customer service.
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