Friday, May 14, 2010

How does a bank benefit from analytics?

Banking on analytics

Durai Rajasekar is a seasoned banker who fondly remembers the ambitious automation project in Canara Bank that the then Finance Minister, Dr Manmohan Singh, had inaugurated in 1993, at the Parliament Street branch, New Delhi. Now, as Senior Vice-President in Chennai-based Ramco Systems (http://bit.ly/F4TRamco), DR's focus is on analytics, in banking and other sectors. During a recent interaction with eWorld, he mentions that the company has tied up with HP for delivering a pre-built data warehouse and analytics solution for banks, in domains such as deposits, loans, CRM, trade finance and profitability.

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