4 Industries Using Location Intelligence to Make Better Decisions

4 Industries Using Location Intelligence to Make Better Decisions

Today’s companies are becoming experts at extracting business intelligence from data and making business decisions. One element that’s still underutilized is location intelligence. What is location intelligence? Forrester defines location intelligence as “the practice of collecting and managing customer location data, enriching it with other data sources, and analyzing for contextual insights for the purposes […]

Data Integrity for ESG in Financial Services

Data Integrity for ESG in Financial Services

There has been a tremendous shift as employees, consumers, as well as investors are making more conscious decisions based on environmental, social and governance (ESG)  factors. For many years, risk has had a significant seat at the table for a multitude of investment, lending, and other financial service organizations, but with the rise of ESG, […]

Lack of Data Integrity in Financial Institutions: How Much Is It Really Costing You?

Lack of Data Integrity in Financial Institutions - How Much Is It Really Costing You

Financial institutions are using data in a myriad of different ways, from know-your-customer (KYC) compliance to marketing insights and channel optimization, from risk assessment and fraud detection to innovative AI and machine learning initiatives. Data Integrity checks and best practices support data management as both strategic and tactical processes that enable companies to improve compliance, […]

Leveraging Data-Driven Analytics for Branch Network Goal-Setting

Leveraging Data for Branch-Specific Goal-Setting

Setting goals across a branch network in a financial services organization can be a challenge. Historically, banks have taken various approaches to setting performance targets for branches, each of which has some shortcomings. Data-driven analytics opens the door to overcome those deficiencies with a new approach called “opportunity-based goal setting.” Almost everyone is familiar with […]

Best of 2022: Round Up

Best of 2022: Round Up

As 2022 wraps up, we would like to recap our top posts of the year in Data Integrity, Data Integration, Data Quality, Data Governance, Location Intelligence, SAP Automation, and how data affects specific industries. Let’s take a look! Best of Data Integrity Data integrity empowers your businesses to make fast, confident decisions based on trusted […]

Best of 2022: Top 5 Financial Services Blog Posts

Best of 2022 Precisely Financial Services Blogs

Trusted data fuels stronger financial services. With that data, organizations in this sector are able to better understand customers and improve experiences, fight financial crimes, reduce compliance risks, optimize branch performance, and stay ahead of the competition. Let’s further explore the impact of data in this industry as we count down the top 5 financial […]

Financial Shared Services and How to Avoid the Inefficiency Trap

Financial Shared Services and How to Avoid the Inefficiency Trap

The financial shared services center: it’s becoming more of a staple within large corporations, and for good reason – when handled correctly, that is. Consolidating multiple finance functions for a shared service approach provides a center of excellence within large businesses, but the challenge finance organizations often face is how to successfully transition separate business […]

Re-Imagining Customer Engagement for the Financial Services Industry

Re-Imagining Customer Engagement for the Financial Services Industry

As the world looks hopefully toward positive changes in 2021, there can be little doubt that some of the events of 2020 will have lasting impact on society as a whole for years to come. One significant change last year came in the form of customer engagement. Research sponsored by the CMO Council in association […]

The Wonderful World of POI Data

The Wonderful World of POI

Points of Interest (POI) are being applied to address so many problems it’s hard to keep track of them all. I feel like I learn of a new use case every time I meet clients – surprising things we’ve never thought about. Site selection, or deciding where to put a store or facility, is one […]

Why Data Encryption is Critical to FinTech

Why Data Encryption is Critical to FinTech

FinTech (financial technologies) is transforming the financial services industry. FinTech professionals from banks and credit unions to insurance companies deal with huge amounts of private data on a daily basis – and the best way to keep it secure is with encryption. Not only are companies deploying encryption as a security best practice, but it […]