Financial Services

Seamless data ingestion, integration, and governance

Financial services firms are facing increasing competition on two fronts: (i) from FinTechs that have the benefit of new, lower cost technology platforms and (ii) from Big Tech companies that are making inroads into the financial services space, and hence chasing the same customer base. 

Firms aim to target specific segments of their clientele with tailored services, utilise advanced market intelligence to identify new, untapped areas for banking services, and leverage modern risk management technology to more efficiently handle clients. 

Digital transformation initiatives undertaken by financial firms to modernise banking operations and keep pace with these new competitors have consistently been unsuccessful because of data silos and difficulties with legacy IT systems.

 

Why ELEMENT of Financial Services Suite™?

The ELEMENT of Financial Services Suite features distinctive capabilities for a highly adaptable strategy to regulatory compliance, risk management, customer acquisition and retention, and more. 

The Suite is unique because it uses the power of BlackSwan’s flagship platform ELEMENT™ to bypass data silos, connecting data across the enterprise. It is pre-integrated with hundreds of reputable sources, and millions of secondary sources and has the ability to connect to any data source: internal, external, structured and unstructured. 

The Suite uses award-winning knowledge graphs – and AI that is recognised by Gartner – to produce inferences and insights. This provides the basis for seamless data ingestion, integration and governance – helping firms to achieve their objectives, while remaining compliant. 

 

• Personalise Recommendations 

  Use Composite AI technologies including knowledge graphs and AI algorithms to infer expert-level insights for the selection and recommendation of tailored financial products, services and experiences for clients

   

• Identify New Opportunities

  Identify new opportunities in the financial industry, prototype in hours, and roll out new services in weeks

   

• Manage Risks, Stay Compliant

  Use real-time risk detection, analysis and mitigation to enable rapid decisions; Enhance the CLM/KYC/AML process, reduce false positives and compliance costs

   

• Achieve Rigorous Governance

  Consolidate your data providers, gain a single point of visibility into data consumption across your enterprise and enforce granular access controls

   

• A True Single Customer View

  Achieve a true Single Client/Customer View or a 360-degree view of any other entity

   

Use Cases

 

Banks

Achieve top-line and bottom-line growth through successful digital transformation, with minimal business disruption and complete flexibility to adapt to changing requirements. Read More

Exchanges

Boost profits by increasing trading transparency, nullifying labour-intensive tasks, shortening trader onboarding time, lowering operational costs, and improving traders’ experience. Read More

Card Issuers

Understand individual transactions and the entities behind them to personalise rewards, detect fraudulent transactions, identify group influencers, and improve customer experience. Read More

Payment Service Provider

Discover new opportunities while controlling risks by promoting tailored products and services, and conducting thorough surveillance on every transaction to detect financial crime. Read More

Investors

Optimise investment strategies by gaining an in-depth understanding of companies, while analysing how markets respond to positive and negative trends and data anomalies. Read More

Build-Your-Own

Empower your team to build their own applications in a low/no-code environment. Read More

 

 

 

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