In an increasingly analytical landscape, financial institutions have a pressing need to leverage their data assets to drive better decisions across the enterprise. However, building a robust, scalable analytical platform is expensive and time consuming. For many institutions existing IT resources are stretched by regulatory and compliance requirements leaving very little time to keep pace with the informational needs of the enterprise.
In order to meet financial institutions’ analytical needs in an efficient, cost-effective manner, Argus offers hosted data warehouse and analytics solutions that are proven and can be easily customized to the needs of the financial institution. The solutions are hosted in a secure, reliable environment requiring no hardware, software or IT support costs for the financial institution. The Argus analytics platform has quickly established itself as a best-in-class large-scale analytic data warehouse solution for financial institutions.
Argus has a proven track record of sourcing and integrating data from multiple data platforms (card processing systems, deposit platforms, data warehouses, etc). Our unique data storage architecture enables storage of large amounts of data at low costs without sacrificing availability or performance. We have a comprehensive validation process to verify and ensure the accuracy of the data we receive. The validated data is summarized into OLAP cubes that are served up through easy-to-use BI tools and reporting dashboards. Non-technical users can access pre-packaged reports and metrics using a simple drag and drop interface.
These solutions and processes reflect over a decade of accumulated learning and are currently being utilized to administer a wide variety of hosted analytic data solutions for our clients, including the Argus Data Analytics Reporting Tool (DART) for Office of Comptroller of Currency (OCC). An example of the power of DART is that the platform sources data from several of the largest national banks from over 20 platforms and warehousing close to 450 million accounts on a monthly basis.
By leveraging our existing infrastructure, processes, and technologies, we are well positioned to deliver any required functionality for data access and retention.
Our solution can provide:
- Customized applications to address client’s specific data sources
- Ongoing validation of the data through reconciliation to the production system of record reports to ensure accuracy of data
- Flexible storage capacity to store large amount of historical data online
- Pre-packaged reports, measures and dimensions based on extensive industry knowledge
- Best-in-class secure data environment that is closely monitored and allows access to authorized client users only