22 October 2017
Fusionex Wins GIANT 2017 Contract with Leading Asian Bank
Fusionex, a multi award-winning, leading software solutions provider specializing in Big Data Analytics (BDA), the Internet of Things (IoT), Artificial Intelligence, and Deep Learning, has won a multi-year contract with a leading Asian bank to deploy GIANT 2017, providing crucial business intelligence and insights for key decision makers to make informed judgements and decisions.
The significant contract will see GIANT 2017 being rolled out to help grow and bolster the client’s vision of becoming a one-stop financing and business development centre, helping the client’s customers meet their financing needs and supporting their growth via business advisory services.
Being able to connect to a wide variety and huge volume of data formats and sources, GIANT 2017 will consolidate the client’s disparate information with speed. This also gives decision makers a bird’s eye view of each bank branch’s performance, strengths, and weaknesses, all of which will better assist them with planning and strategizing.
Important information such as the client’s financial position over time, its income breakdown based on fee-based or other income sources, its expenses breakdown, and Return of Equity and Return of Asset percentages can be monitored with ease using GIANT 2017. These datasets can be compared across branches and viewed as a historical timeline in order to determine trends and patterns.
The client’s management team will also be able to tap into data to get a look at delinquent portfolio customers including the amount, aging, top industry sector, and financing types of their delinquent loans. Armed with a better understanding of what types of factors may contribute to the loan delinquency, the client will be better informed when providing financing in the future.
Over the client’s large number of branches spread out across wide geographic locations, GIANT 2017 is able to showcase a comprehensive view on details such as branch collections by month, loan collection and impairment, customer demographics, as well as identifying top customers with outstanding amounts.
GIANT’s ease of scalability was also a crucial consideration as the client wanted adoption of a software that could accompany the bank’s growth as it increases its number of customers, branches, and product offerings in the future.
Ivan Teh, Fusionex Managing Director and Chief Executive Officer, commented: “This win is certainly in line with the rapid acceleration of BDA adoption within the financial services industry. In this day and age of compounding data sizes, the importance of prudent data management cannot be overstated. We foresee an increase in sound decision-making anchored on solid data insights, fuelling the client’s persistent growth in the face of regional and global competition.”