you know you’re sitting on a wealth of data...challenge: enrich data context drawn on by trading...
TRANSCRIPT
Reports
Simba is the industry choice for standards-based data access and analytics solutions, and for innovation in data connectivity.Our reputation as the connectivity pioneer means we’re the preferred partner for SDKs and our technology is embedded into today’s most popular BI and analytics applications. A subsidiary of Magnitude Software, the unified data application management leader, Simba provides connectivity solutions that are pivotal to the vast operational efficiencies delivered by the Magnitude portfolio of products. For more information, please visit www.simba.com.
If you’re in Financial Services,YOU KNOW you’re sitting
ON A WEALTHOF DATA
Typical US banking institutionssit on 1 EXABYTE of stored data.That is One Billion Gigabytes!
Did you know…
1 Exabyte = 1 Thousand Petabytes 1 Million Terabytes 1 Billion Gigabytes 1 Trillion Megabytes
Big Data and Analytics Spendis a Financial Services Priority
$Banking$26.3B
Largest Investment of any Industry
in 20191
TechnicalComplexity Frustrates Dimitri’sattempts at insight
Long ResponseTimes Interfere with Andrew’sreal-time analysis
Securities15.3%
Fastest-GrowingSpend of Any Industry
CAGR, 20191
Insurance12.5%
Rapid Adoption for Data-Driven Decision Making
CAGR, 2018-20232
UnreliableData Flows Jeopardize Anne’saudit reporting
But SeriousLimitations Remain
Data Silos Prohibit machine tomachine interaction
DATA
• Streamline setup of data sources to feed dashboards, visualiza-tions, and reports
• Increase assurance that data is complete and accurate, with secure, reliable transfer
• Future-proof results to ensure functionality in the face of business and technical change
Challenge: Streamline compliance and tamper-proof certificationSolution: Enable data movement and analytics for all data sourcesHow Simba Can Help: Integrate data sources, enabling data to flow freely among disparate systems and eliminating data silos
Financial ServicesUse Case 1: Compliance & Audit
Challenge: Recognize fraudulent transactions in real timeSolution: Use AI to identify suspicious behaviors that suggest criminalityHow Simba Can Help: Interconnect fluid bodies of current and his-torical data to establish normal patterns and watch for anomalies
Financial ServicesUse Case 2: Fraud Prevention
Business Benefit: Interrupt fraud beforeit happens and reduce false positives
Challenge: Support data-driven decision making across the businessSolution: Allow data to flow freely to where it’s neededHow Simba Can Help: Extend data connectivity to power real-time dashboards, data visualizations and reports
Financial ServicesUse Case 4: Business Analytics
Business Benefit: Obtain real-time business insights to improve decisions, increasing profitability and competitiveness
Challenge: Enrich data context drawn on by trading algorithmsSolution: Expand insights with sophisticated, open-ended data modelsHow Simba Can Help: Unite structured and unstructured data to empower trading algorithms with access to any data source
Financial ServicesUse Case 3: Algorithmic Securities Trading
Business Benefit: Win more with instantaneous, automated trade decisions
Business Benefit: Build robust reporting mechanismsto improve audit and acompliance operations
Let Simba put your data to work,so you can focus on your business.
simba.com/contact-us
© 2019 Magnitude Software, Inc. and Simba Technologies. All rights reserved. Magnitude Software is a registered trademark of Magnitude Software, Inc. in the U.S. and other countries. All other product and company names mentioned herein are used for identification purposes only and may be trademarks/registered trademarks of their respective owners. IG-Fin-1119
1 International Data Corporation, “IDC Forecasts Revenues for Big Data and Business Analytics Solutions Will Reach $189.1 Billion This Year with Double-Digit Annual Growth Through 2022.” https://www.idc.com/getdoc.jsp?containerId=prUS44998419.
2 Bloomberg, “Insurance Analytics Market to Reach US$ 11.96 Billion Growing at CAGR 12.5% by 2023.” https://www.bloomberg.com/press-releases/2019-04-29/insurance-analytics-market-to-reach-us-11-96-billion-growing-at-cagr-12-5-by-2023.
To learn more, contact: +1 604 633 0008 | [email protected] | simba.com
Visualizations
Dashboards