In the coming future, this shall help PSB's to take on oversee newer initiatives and come out with products that will help masses to get the best banking services in the world.
This market positioning though also brings with itself its own set of problems which PSB's have begun to face now. These problems are related to the burgeoning amount of data owing to large no. of customers, their ever-increasing transactions, increasing competition, globalization, partners and frequent mergers/acquisitions which result in their consolidations.
Not only the prices and margins were driven down due to ever increasing competition, but the ever-growing number and scope of regulatory requirements like anti-terrorist, anti-money laundering, risk management and others have increased the burden on administrative, operational and IT resources driving up the total costs.
The need of the hour is that the PSB's must improve the efficiency of operations and take the needed initiatives by improving their marketing & customer relationship management strategies.
The critical factor in achieving both these objectives is to improve Data Governance & Data Stewardship Programs, Enterprise Data Architecture Programs, Meta-Data Programs, Business Intelligence Program which in turn help achieve high quality, efficiently managed data.
Nelito's Data Cleansing solution offers an integrated, enterprise scale, robust platform for Data Stewards/Custodians to perform full breath of data management services including Data Profiling, Standardization, Correction, Enrichment, Transformation, De-duplication, Encryption, Masking and Integrated Exception Management.
Nelito's Data Cleansing platform is proprietary innovative and first-in-industry data cleansing and mining web based enterprise scale solution. Data Cleansing supports seamless data source integration, automatic data extraction, cleansing, match & merge, cluster analytics, archival management from virtually any cluster of enterprise system. It builds its big data information extraction & analysis capability by leveraging Apache's Hadoop.
It adheres to SaaS Level 3 (on a scale of 0 to 3) Maturity where multiple Business Process are hosted on a single instance, deployed on a load-balanced farm of servers, with each Business Process data being kept in isolation.