...Business Intelligence in Banking Table of Contents: Introduction…………………………………………………………………………………3 BI Application in an Enterprise……………………………………………………………..3 BI in Banking………………………………………………………………………………..4 Customer Relationship Management………………………………………………………..6 Operational BI……………………………………………………………………………….7 Conclusion……………………………………………………………………………………10 References…………………………………………………………………………………….11 Current Trends in Business Intelligence Banking Introduction Business Intelligence is a computer based technique used in detecting, digging out and analyzing business data such as sales revenue. It analyses the data based on departments or products or by associated costs or income. Business Intelligence is asset of methodologies or technologies used to transfer raw data into useful and meaningful data. It also uses technologies such as Data Integration, Data Quality, Data Warehousing, Master Data Management, Context analytics etc. Business Intelligence provides a complete view of past, present and futuristic views of business operations. Business Intelligence helps in making better decisions. So it is called Decision Support System. Business Intelligence uses applications processes and technologies to analyze data. Business Intelligence helps in analyzing data and is used to convert raw data to useful data. Some common functions of Business Intelligence are data mining, data visualization, data interpretation and data management. Business Intelligence is an advanced technology...
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...emerging-market banking A report from the Economist Intelligence Unit www.eiu.com Beyond branches Innovations in emerging-market banking Contents Introduction Innovative financiers A successful formula in Peru Going mobile in India The allure of transfers Profits among the poor Banks extending their reach Riverboat lenders in Brazil Small loans prove profitable in Indonesia Attijariwafa looks south in Africa Betting on savings in Colombia Partnerships with retailers A shopping trip to the branch in Latin America Retail channels in Mexico Policy initiatives Take it from their salaries in Brazil Push for Islamic finance in Malaysia 2 5 6 9 12 15 18 19 21 23 25 28 29 31 33 34 37 1 © The Economist Intelligence Unit Limited 2012 Beyond branches Innovations in emerging-market banking Introduction B anks in emerging markets are increasingly weighty in global finance and still enjoy plenty of room to grow in their home markets. But they will do so in innovative ways that set them apart from the lenders of the developed world. The continuing rise of emerging markets will boost the importance of banks in developing countries in the coming decades. These financial firms will not follow the same business models as their developed-country counterparts, however. Instead, they will rely much less on the branded branch, the traditional outlet for banking services. New technologies, innovative low-cost business models and supportive policy changes will permit lenders...
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...Emotional intelligence at First National Bank When First national Bank is in crisis, it needs a resolute and bold leadership to recognise, isolate and deal with the crisis (Topping, 2002). Leadership now needs very distinct behavior from the leadership custom we are used to. It needs managers who can talk to the collective fantasy of their persons, co-opt them to become involved a business trip. It furthermore needs assuring motivators that origin persons to make the additional effort full commitment. It's all about human behavior and comprehending how persons and the First National Bank proceed, conceiving connections, construction firm promise, adaptation of behavior to convey in a creative and inspiring way (KetsDeVries, 2001). In latest years, the transformation that researchers accept as factual lead to achievement in the learning process. Organizational behavior has altered aim and buys more vigilance to how persons believe and seem in the First National Bank. Something called "emotional intelligence" is the major theme of concern at present as the sole significance of good intelligence "IQ" is not as broadly recognized. Emotional Intelligence easily a set of competencies that permit us to see, realise and regulate strong sentiments in us and in others. The concept of emotional intelligence, or occasionally mentioned to as "EI" is absolutely crucial in today's society, where the interaction inside the workplace are progressively important. All the items that pursue address...
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...government-business relations in two countries , focusing on one industry . Which model is best? Why? Compare the models of government business relations in Sweden and the United States This essay will compare the two models of government business relations operating in the banking sectors of Sweden and the United States (US). The main argument presented, is that the Swedish model provides a more effective outcome for both the citizens and businesses by offering greater economic stability within the internal economy and also the banking sector. This argument is supported by examples that demonstrate how the Swedish model enabled quick and effective implementation and has provided the Swedish banking sector stability since its inception in1992. Sweden has a socialist democratic system with a capitalist economy, a socialist embedded welfare system and a deregulated financial market which has benefited from constant economic growth (Central Intelligence Agency, 2010). Sweden’s growth continued till the 1990’s when it experienced the ‘1990 Bank Crisis’ similar to the American subprime mortgage crisis (Phillips, 2009). The United States has a liberal democracy with a market orientated economy which is one of the most powerful economies in the world with a GDP of $14.29 trillion (Central Intelligence Agency, 2010). However unlike Sweden the United states economy does suffer from insufficient economic infrastructure and medical and welfare systems (Central Intelligence Agency,...
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...OLDSTONE & GREEN CORPORATE PRESENTATION INTELLIGENCE INSIGHT FACT INVESTIGATION DISCRETION AFRICA FOCUSED 2 LocalKnowledge www.oldstoneandgreen.com ABOUT US 3 Oldstone & Green Limited (“O & G”) is a Nigeria based independent Geopolitical Risk Consultancy, Research and Advisory firm, servicing an international client base and providing ¨ ¨ ¨ ¨ Our Ethos ¨ Insight ¨ Fact ¨ Investigation ¨ Discretion ¨ Intelligence Why Us? Our strong industry expertise, research knowhow and keen local knowledge of business, politics and markets makes us the preferred firm for organisations seeking to understand, compete and grow in Sub-Saharan Africa, with particular focus on Nigeria. O & G maximizes its exclusive relationship with well-placed, high profile political, diplomatic, business and economic contacts to deliver intelligent, informed and reliable facts, faster and better using our robust sources in major corporate establishments and government ministries, agencies, commissions and parestatals in Nigeria. www.oldstoneandgreen.com Geopolitical Risk Analysis Due Diligence Influence and Relationship Mapping Market Entry and Intelligence We are subcontractors to major London and US based risk consultancies and our clients include, global financial institutions, law firms, oil, gas and extractive companies, manufacturers, power and energy providers, retail and professional service firms and high-net-worth individuals. AFRICA FOCUSED 4 LocalKnowledge ...
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...Expert Systems Expert Systems are computer systems which embody some of the experience and specialised knowledge of an expert and thereby mimic the expert and act as a consultant in a particular area. Knowledge is often represented in an Expert System in a knowledge base, which is a network of interconnected rules which represent the human expertise. Expert Systems fall into a field known as Artificial Intelligence. This field is concerned with the development of computer intelligence. The goal of Artificial Intelligence is to develop computers that can think, as well as see, hear, walk, talk and feel. A major thrust of Artificial Intelligence is the development of computer functions normally associated with human intelligence, such as reasoning, learning and problem solving. Advances in computer processing power open the way for wider use of so-called Artificial Intelligence, at the same time that the self-serve aspect of online processes has increased the need for systems that "think." As time goes on and as patterns change, the computer learns because it is constantly being given cause and effect. The Expert System Expert System Development Financial Decision Making The financial services industry has become a vigorous user of Expert System techniques. With their high level of accuracy and reliability, Expert Systems easily replace complex human decision-making. This is done with the help of their expert knowledge-bases into...
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...to entering a foreign marketplace, a business should collect data and competitive intelligence to know if there is enough demand for the product in that market, who are the competitors, how strong the competitors are, industry structure, government policies, pricing and other important things. Collecting secondary data to perform analysis of potential foreign markets is economical and time saving. While collecting data from external sources, a firm should make sure that source of information is credible, and gathered data is comprehensive. Five (5) external sources of information that John should have used to collect country information for analysis purposes: In accordance to Daniels, Radebaugh, and Sullivan, because of the absence of, obsolescence, and inaccuracy of data regarding numerous nations, exploration can be complicated and costly to undertake. Granting there are complications universally, they most severe in unindustrialized nations. The following...
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...own work and where quotations and/or ideas have been utilized from other sources these have been acknowledges and referenced accordingly.” Assignment I Question 1 Alliance Bank (Bahamas Ltd) is an established offshore bank with an international presence, through a network of subsidiaries, branches and representative offices in over 15 locations. The referenced branch is located in jurisdiction of The Bahamas. A full range of banking and related financial products and services are offered to clients including but not limited to, bank accounts, wire transfers, cash deposits, and credit cards. Money laundering can be defined as the process of disguising or concealing illicit funds to make them appear legitimate. This is achieved by the launders disguising their identity and or distancing themselves from the illicit activity that would have produced his property. It is imperative then that MLROs fully appreciate the vulnerabilities of their Bank’s particular products and services in order to be able to implement systems to prevent exploitation, and be able to properly evaluate unusual and potentially suspicious activity. The core characteristics and vulnerability of the products and services previously mentioned, from the perspective of anti-money laundering are as follows: Bank Accounts: Bank accounts are the entry point into the financial system. Once this is achieved the launderer has access to a wider network of vehicles with which to carry out his objectives. These...
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...helps to Analyze the Financial Position and Performance of the Axis and Kotak Mahindra Bank in India based on their financial characteristics based on the CAMEL model and t-test which measures the performance of bank from each of the important parameter like capital adequacy, asset quality, management efficiency, earning quality, liquidity and Sensitivity. Bhayani (2006) analyzed the performance of new private sector banks through the help of the CAMEL model. Four leading private sector banks – Industrial Credit & Investment Corporation of India, Housing Development Finance Corporation, Unit Trust of India and Industrial Development Bank of India - had been taken as a sample. Sanjay J. Bhayani (2006) in his study, “Performance of the New Indian Private Banks: A Comparative study”. The study covered 4 leading private sector banks- ICICI, HDFC Bank, UTI and IDBI. The result showed that the aggregate performance of IDBI Bank is the best among all the banks. (Bhayani, 2006) Dr.K.Srinivas and L.Saroja (2013) conducted a study to compare the financial performance of HDFC Bank and ICICI Bank. From the study it is clear that there is no significance difference between the ICICI and HDFC bank’s financial performance but we conclude that the ICICI bank performance is slightly less compared with HDFC. (K. Srinivasl, 2013) There are number of indicators for evaluating financial performance of banks on the basis of the financial measures. Usually the financial performance of the institutions...
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...Introduction Since the growth of information technology there has been a change in the banking industry from branch banks and paper to net working and digitized banking services. The ways of communicating information and knowledge through computers has truly changed the way we think, work and live. A good example is through Information Systems, which can be defined as any method of communication knowledge from one person to another and/or from one source to another. It works by providing the best possible information to its users while also taking into account that different users with their own specific tasks may need their information presented in different ways. Improving the ways users retrieve, identify and respond to information. In contrast to a data system, that simply provides raw data to the user. Competitive advantage in the digital economy is even more important now than ever before, as for some businesses the impact of the digital economy is groundbreaking. The fast changing technologies, markets and the appearance of new business models have introduced major changes in industry structure shifting the nature of competition while keeping the core business but not the core business of most firms , not changing the, instead information systems simply offer tools that can increase the company’s success through the traditional sources of competitive advantages - be it reduced expenses, enhanced customer service, or superior management skills. This...
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...Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, hence the acronym USA PATRIOT Act. It deals primarily with combating terrorism and gives the executive branch of the federal government more tools to fight suspected terrorist activity, but it also aroused the anger of civil libertarians. Critics of the act have charged that the government gained the power to investigate and detain persons with little oversight from the courts. In the aftermath of the September 11, 2001, terrorist attacks, U.S. political leaders sought to address terrorism with new vigor. President George w. Bush and Attorney General John Ashcroft presented Congress with proposed legislation on September 17, 2001, that focused on intelligence gathering, immigration, criminal justice, and money laundering. The administration sought new powers to conduct searches of people suspected of terrorism; to detain and deport persons suspected of terrorist involvement; and to remove statutes of limitations on terrorism. In addition, the administration wanted the justice department to have the power to place wiretaps on the phones and computers of anyone suspected of terrorism. This initial proposal became the framework for the USA PATRIOT Act, which was first introduced in the House of Representatives on October 2, 2001. A similar law was introduced in the Senate on October 4, and on October 12 it passed on a vote of 96–1, with only Senator Russell Feingold (D-Wisc.) dissenting. The...
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...Capital market in Bangladesh: Concept and formation Capital market is a mechanism to flow fund from the hands of small savers (individuals and institutions) at low costs to those entrepreneurs who do need fund to start business or to business. In the other words, capital market mechanism gives a part ownership of big companies/corporations to small savers like you and me. In simple term, it is a globally accepted scheme to share ownership of economic development with general public. History of capital market: Capital market started in USA at Wall Street in 1653. 1t came to Mumbai, the commercial capital of India around 1890. However, investment in shares boomed in late 1970s. It took many years to come to the land, now comprising Bangladesh. The origin of stock market in Bangladesh goes back to April 28, 1954 when a stock exchange was formed under the name East Pakistan Stock Exchange Association at Narayanganj. Trading started in 1956. It was renamed East Pakistan Stock Exchange Ltd. Transferred to Dhaka in 1958 and again renamed Dhaka Stock Exchange Ltd in 1964. Trading remained suspended during the Liberation War in 1971. The Dhaka Stock Exchange resumed operation in 1976 with nine listed companies as against 452 today. Capital market in Bangladesh got momentum with the establishment of Securities and Exchange Commission in 1994. A big wing was added to the capital market with the incorporation of Chittagong Stock Exchange on April 1, 1995. Operation of CSE started on...
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...------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- * Table of Contents Executive Summary 2 1 Introduction 3 1.1 Purpose and Scope 3 1.2 Company and Product Profile 3 2 Economic environment 3 3 Political and legal factors 5 4 Market Potential and Business Environment 5 5 Risks 6 6 Country Choice 7 7 Mode of entry 7 8 Conclusion 8 List of References 10 ------------------------------------------------- * Executive Summary ------------------------------------------------- Poland has been seen as having the best platform to launch Australian Char’s new Heat Beads range due to having the strongest economic climate. BSB Consultants have assessed the business environments of Poland and Romania to the needs applicable to a medium-sized business. Investigations into economic, political and legal factors show that Poland provided the most reliable economy, the strongest customer base available in terms of disposable income, and the safest...
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...Foreign Direct Investment in the Indian Telecommunications Sector By Keith Green Abstract This paper will examine the current status of foreign direct investment (FDI) in the Indian telecommunications sector and the issues facing foreign companies seeking to invest in the Indian telecommunications sector. The paper concludes with a brief econometric examination of the factors influencing the level of FDI in the Indian telecommunications sector. Introduction In the early 1990s India began to open up an economy that was previously closed to foreign direct investment (FDI). The liberalization in India included the gradual granting of authority for foreign direct investment in specific sectors of the economy. India has received significant inflows of foreign direct investment after liberalizing its economy in 1991 (see Figure 1 in the appendix). FDI inflows to India have exceeded many other ASEAN countries over time. However, China, not depicted in Figure 1, continues to be the leading destination for FDI in the Asia-Pacific region. India has achieved substantive improvements in telecommunications access since opening its telecommunications sector in the early 1990s. However, India has realized fewer benefits than were possible during the period of market reform. The slow implementation pace of liberalization, disparity between urban and rural areas and unclear regulations have impeded the flow of investment to the telecommunications sector in comparison to other emerging market...
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...Country Commerce Japan Released September 2011 The Economist Intelligence Unit 750 Third Avenue New York NY 10017 USA Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For 60 years it has been a source of information on business developments, economic and political trends, government regulations and corporate practice worldwide. The Economist Intelligence Unit delivers its information in four ways: through its digital portfolio, where the latest analysis is updated daily; through printed subscription products ranging from newsletters to annual reference works; through research reports; and by organising seminars and presentations. The firm is a member of The Economist Group. London Economist Intelligence Unit 26 Red Lion Square London WC1R 4HQ United Kingdom Tel: (44.20) 7576 8000 Fax: (44.20) 7576 8500 E-mail: london@eiu.com Hong Kong Economist Intelligence Unit 60/F, Central Plaza 18 Harbour Road Wanchai Hong Kong Tel: (852) 2585 3888 Fax: (852) 2802 7638 E-mail: hongkong@eiu.com New York Economist Intelligence Unit The Economist Group 750 Third Avenue 5th Floor New York, NY 10017, US Tel: (1.212) 554 0600 Fax: (1.212) 586 0248 E-mail: newyork@eiu.com Geneva Economist Intelligence Unit Boulevard des Tranchées 16 1206 Geneva Switzerland Tel: (41) 22 566 2470 Fax: (41) 22 346 93 47 E-mail: geneva@eiu.com This report can be accessed electronically as...
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