To make informed strategic and tactical decisions, retail banks need an accurate and comprehensive view of their customers, products, and channels. This data is usually scattered across the enterprise and attempts at stitching this data together, often leading to expensive multi-year data warehouse implementations.
WhiteBox is a proven, cost-effective, cross-product MIS and data warehousing solution, used by leading retail banks in the United States and United Kingdom to maximize the use of customer information and optimize strategic and tactical decisions across functional areas within the enterprise.
The Argus WhiteBox Solution is based on our vast experience in retail banking and data management and leverages a best-in-class data model that has been optimized for business analysis. It provides retail banks with accurate, consistent account and customer level profitability data that can be leveraged across the organization.
- Facilitates calculation of a complete P&L at account, customer, and household level for all consumer products
- Enables a unified view of the customer across the enterprise
- Allows comprehensive cross-product and customer-level analyses and decision making
- Includes best-in-class reporting and out-of-box business intelligence tools
- Contains relevant units of analysis (household, customer, account, card, and transactions) across products (checking, savings, money market, loans, mortgages, and credit cards)
- Add-on modules available for campaign management support (including list generation and performance tracking, lifetime value, and other decision elements)
Our solution can:
- Handle all aspects of data management including data sourcing from relevant operational platforms, data processing, and validation to ensure data integrity
- Allow diverse methods of data access including canned MIS reports, dynamic slice and dice OLAP cubes, and direct access to granular data
- Be hosted at Argus or within the financial institution’s IT infrastructure
- Provide an interface to create campaign lists with integrated campaign performance reporting
- Provide access through a GUI interface for programmers and non-programmers