Al-Zadjali , Deputy General Manager – IT and Alternate Channels , Bank Sohar . “ The ability to quickly capture and convert data into actionable insights will be key to success . The implementation of Finacle Analytics Solution empowers all our bank employees and management with the right insights to have more contextual engagements with our customers .”

Solution highlights

Bank Sohar chose to implement Finacle Analytics – an advanced banking analytics and Big Data solution . It integrates banking data models and new-age , open-source technologies to rapidly develop and deliver actionable insights . The solution promotes innovation and helps the bank with potential business opportunities to augment growth . It includes interactive and role-specific dashboards and KPIs , with built-in predictive analytics capabilities , models and interfaces .

Here ’ s how the new platform will help the bank effectively capitalise on data that would flow from multiple systems :

• Data required for analytics will get extracted from the bank ’ s source systems such as the core banking system , CIF , CRM and other systems using custom-built data ingestion components of the analytics platform .

• Unstructured data such as social media and Web logs can now be extracted .

• The extracted data will be stored as integrated files on Hadoop Distributed File System ( HDFS ) in Finacle Data Lake .

Using the data stored in Finacle Data Lake analytical models will be built and the output of analytical models will be stored in Hive . According to Bank Sohar , Tableau was used as the data www . intelligentfin . tech

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