BankBI

BankBI is a cloud-based analytics solution designed to assist banks, credit unions, microfinance networks, and community banks in improving their financial performance management. According to the vendor, BankBI provides financial reporting, banking analytics, and actionable insights to empower financial institutions of various sizes. It is used by finance professionals, CFOs, financial managers, risk managers, compliance officers, and professionals in the banking and microfinance industries.

Key Features

Cross-Sell Product Matrix: According to the vendor, BankBI allows users to identify customers with good credit scores who may not have specific products, such as credit cards, and locate customers with loans but no checking account within their bank.

Automated Daily Finance Reporting: The vendor claims that BankBI offers automated reporting, providing users with daily insights on balance sheet movements, income statement changes, and key metrics. It aims to empower branch managers to monitor and manage performance effectively.

Automated Monthly Management & Board Reporting: BankBI enables users to keep key stakeholders informed with accessible monthly finance reports, create interactive performance trend presentations during management meetings, and automate the creation of quarterly results packs, as per the vendor.

Centralized Data Reconciliation: According to the vendor, BankBI allows users to centralize and reconcile data from multiple sources, creating actionable lists of opportunities to engage with customers and grow their bank. It also facilitates the analysis of the onboarding of new loans and deposits.

Branch & Loan Officer Dashboards: BankBI provides branch and loan officer dashboards, enabling users to track daily loan activity by branch and loan officer. The vendor claims that these dashboards help branch managers monitor and manage performance and review past due trends to support members.

Peer Analysis: BankBI offers real-time insights to monitor financial performance, compare a bank's performance to others in its peer group, analyze key metrics, and benchmark against industry standards, according to the vendor.

Regulatory Reporting: According to the vendor, BankBI automates reports to reduce key person risks, generate accurate reports to satisfy regulatory requirements, create an audit trail for auditors, and streamline the reporting process.

Financial Performance Analytics: BankBI provides detailed insights into financial performance, allowing users to track balance sheet movements, income statement changes, and key financial ratios. It also facilitates the monitoring of loan and deposit performance across branches, according to the vendor.

Actionable Insights for Growth: The vendor claims that BankBI enables users to take action to retain loans and deposits, analyze the onboarding of new loans and deposits, identify top accounts and customers, and list loans and past due loans by aged analysis.

Microfinance Network Management: BankBI offers performance metrics management for microfinance institutions (MFIs) in a network. It allows users to track financial and social performance, generate comprehensive monthly management reports by country teams, and identify opportunities and risks, according to the vendor.