Commercial Bank – Business Intelligence
About the company
Commercial Bank, is the largest private bank in Sri Lanka and known as the benchmark private sector bank in the country. Commercial Bank has 100 years of unparalleled growth and achievement. Having made a distinctive mark in Sri Lankan banking history, this bank stands out for their superlative service and technological superiority. Commercial Bank became the only Sri Lankan bank to be ranked among the ‘Top 1000 Banks in the World’ by the Banker Magazine – UK, consecutively starting from 2011. Extending Island wide Commercial Bank has expanded its branch and ATM network rapidly reaching out to every nook and corner to become one of the country’s most renown banking services, within easy reach.
The Challange
As Commercial Bank grew, it needed to find ways of overcoming the cumbersome task of creating reports by manually fetching data from their core banking system.
The Solution
Taking into account the size and features required by the Customer, our team implemented QlikSense Business Intelligence which automated the process of loading data from the core banking system into the report formats required. Using the analytics features, the Commercial bank team was able to filter, drill down and retrieve all the insights they required in order to make informed decisions.
The Result
Commercial Bank have all their required reports automated and now can fully focus on their core system. They also make use of the insights generated by their BI tool which helps them compete with other banks and increase their market share.
Business Benifits
- Reduce reliance on monthly reporting
- Gain visibility into compliance and risk
- Accelerate insights into markets and pricing
- Improves transparency and communication
- Boosts product performance
- Enhanced financial planning
