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Overview

Nelito presents banks with FinCraftTM BI (Business Intelligence) & Analytics platform which in essence will provide 'actionable intelligence' leading to growth of an efficient and dynamic business entity. Using FinCraftTM data analytics and business intelligence for banking, Banks can easily access information regarding the performance of products and thus plan and predict the customer behavior for products in the pipeline. With the help of BI & Analytics solutions, aspects like profitability, sales of products and customer demographics (e.g. segments etc.) can be gauged and analyzed.

FinCraftTM Data Analytics for financial services helps banks become smarter in facing the challenges they face. In addition to basic reporting it offers advanced predictive and prescriptive analytics. This helps banks to drive revenue & profits and reduce risks

Solution from Data Warehousing and Analytics Team of Nelito helps the customer efficiently streamline the process of consolidating large amount of disparate and complex data including both structured and unstructured ones into a user-ready business model and data points. It enables stakeholders from respective line of business and / or analysts to easily analyze, visualize and report data across various sources in a hassle-free way. The source data can be gathered from multiple sources like large Data Warehouses, Transaction Systems, Social Media, Web clickstreams, any soft copy form to build a 360-degree view of the business.

Nelito's BI & Analytics services can be classified into:

  • Reporting
    It focusses on creating data repositories and reporting the current situation via simple reports.
  • Descriptive Analytics
    Focuses on creation of actionable data from available data.
  • Predictive Analytics
    Involves predicting of future outcome of events using structured and unstructured data.
  • Prescriptive Analytics
    It translates a prediction into an actionable plan and helps users identify the way to implement the plan.

Create Ad-hoc reports

With FinCraftTM BI and Data Analytics services, creating a new report is extremely easy by virtue of its drag and drop features. The user can himself define the parameters and then choose the required fields as well as define the periodic intervals for report publishing.

Decision Support System

FinCraftTM Business Intelligence and Analytics platform also acts as an executive decision support system, where, based on historical data, the tools such as 'what if' analysis and predictive analysis can be leveraged to arrive at important decisions. Thus, for instance, a bank can evaluate the effect of change in interest rate, of say 25 basis points; will have on cross section of products and services.

Monitoring product performance through customized dashboards

The dashboards of FinCraftTM BI and Analytics Solution allows banks to analyze information regarding the performance of products and thus accordingly plan and predict the customer behavior for products in the pipeline. Valuable insights on Profitability, Revenue and Customer demographics can be gauged and analyzed.

Profitability Analysis

The BI & Analytics services also expedites the process of evaluating the product profitability including dimensions such as time frame, customer profiles etc. For instance, a bank can immediately get real time information about the number of footfalls and average amount drawn by customers at a particular ATM; the bank is then able to take decisions about the cash-to-be-stocked and even security required at that ATM center.

FinCraftTM Business Intelligence and Analytics Solution has other benefits including saving on cost and reduced manpower. Moreover, for report writing which usually banks would have to outsource, Nelito's solution enables them to do it in-house, thus maintaining data integrity.

Nelito can support leading Big Data frameworks such as Hadoop besides, Traditional Data Warehousing Methodologies. The idea is effectively consolidating the existing complex data sets of the customer so that business owners can have insights into their businesses.

Advantages

Following are the benefits of FinCraftTM Business Intelligence and Analytics solutions

  • Better business insights to improve the Growth and Margins
  • Understanding customer behavior to offer them suitable solutions
  • Reduce risks
  • Product and portfolio optimization to streamline costs

Solution Availability

Our solutions are available globally. Please visit our country pages for more information

CLIENT SPEAK

  • The Meticulousness of efforts to ensure customer delight by each of the team member during the course of the project is appreciable. - Data Archival Project

    R. Ganesh (Senior Manager)

    Indian Overseas Bank
  • Overall we are happy with the services provided by Nelito. The implementation team is sensitive to our support requirements and does a good job.

    Vinayak Khadye (Chief Digital Officer)

    Finanzmart Services Pvt Ltd
  • We are extremely thankful to the whole team who have devotedly committed and created this excellent database. Much of our time was wasted in data retrieval from i link where we were facing lots of issues.

    You have given us an awesome product which is superior to our Finacle itself in its display capabilities. The great idea of taking pdf/word/excel option is simply superb. Merging the party code and Finacle CIF and account numbers are another feather in the cap.

    N Sampath Kumar (Branch Manager)

    Corporation Bank
  • We have successfully made Nelito's Fincraft Software for NBFC live in early March for LOS,LMS and Sanjiv Khalkho, Arijit Chakraborty with his team have been very instrumental in making this software live . I would like to appreciate on the turnaround time during the go live phase of the team in getting some of our key requirements done and helping our users to use the software for recording and disbursing all the sales from the software.

    In technology side I would like to praise Pramod Navale and Ganesh Khetmalis for in depth knowledge of the product and their technical skills is outstanding. Looking forward for the continued relationship for our next release and whole of 2018.

    Prateek P Katyal (CTO)

    WheelsEMI Pvt. Ltd
  • "We are extremely pleased with the kind of support extended by you and your team for our year end work. Although whole bunch of people worked for making the support seamless from your end, my special thanks to following resources. Anurag, Arpit, Arvind, Pranit, Suraj, Udgran, Nilesh, Leena and Udgrand. Also, thanks to all others who have supported us directly or indirectly at your end."

    Ananda Padebettu (IT Manager)

    The Nav Jeevan Co-op Bank Ltd.
  • "For a Bank of our size, this system suffices and is very cost effective. Almost all of the bank’s activities run on the one system. Nelito constitutes a partner more than a supplier and the relationship includes provision of the bank’s underlying technology as well as its Fincraft range of applications."

    Chairman

    The Nainital Bank Ltd.
  • "The best mix of functionality and technological support and our vision of “Cash Less and Paper Less” work environment for Sonata has come true with our technological partner Nelito. I highly recommend FinCraft Core Microfinance platform and especially integrations with a number of third party services."

    IT Head

    Sonata Finance Pvt. Ltd.
  • CBS

    "We are happy to use FinCraft Data Archival & Retrieval solution from Nelito Systems; it has given huge ROI in terms of saving revenue by retiring legacy applications. We get all desired reports in a timely manner from the solution."

    Assistant General Manager (CBS)

    United Bank of India
  • Custom Application Development testimonial

    "Proactive & professionally supportive, technically skilled team."

    General Manager

    Federal Bank
  • DGM

    "My bank is working with Nelito from the last about 9 Years and the services provided by the company may prolong our association."

    Sikander Gupta | CEO

    The Jammu Central Co-op Bank Ltd.
  • DGM

    "Knowledge and service provided to the bank is beyond expectation. And we would definitely engage and recommend solution to others."

    Rachelle F. Rivas | IT Project Manager (Senior Manager)

    Bank of the Philippine Islands (BPI)
  • DGM

    "As Vendor strict adherence to process & procedures. Risk Mitigates in Place. Flexible to customer requirements."

    Dinesh Negi | VP (Clg)

    DCB Bank Ltd
  • DGM

    "Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and cooperative manner. Migration was very smooth."

    Frithjof Ramb | Vice President

    SBI- Frankfurt, Germany
  • DGM

    Support services provided for Swift is really up to the mark and meets all clients requirement. Kindly keep this ongoing.

    Rudolph Banis | Head - IT CBS and Application Management

    IndusInd Bank
  • DGM

    Excellent

    Navin A Bijur | Manager - IBD

    The Shamrao Vittal Coop Bank Ltd