The connection between business intelligence in fintech by Head of Global Business Expansion at Fuspay Technology.
Aisha Ibrahim Tilde, Head of Global Business Expansion at Fuspay Technology, has explained how business intelligence and fintech are connected. She also highlighted how it has empowered the Fintech sector to make effective business decisions.
“Business Intelligence strengthens organizations across a range of industries and is essential in today’s competitive market. The fintech market is becoming extremely competitive. According to a KPMG report, investments fell in 2016, and investors are now less likely to bet on markets approaching saturation. Over the past two years, involvement in the lending and payment segments has increased, she says.
Business intelligence is becoming more and more important for businesses across all types of industries and locations in the rapidly evolving technology world to convert their data into information and then further into knowledge. To make effective business decisions, managers must be able to identify good business trends and have detailed insight into what is happening in their organizations. The use of BI solutions by small and large businesses worldwide is driven by its capacity to identify growth opportunities, generate real-time insights and make agile decisions for competitive advantage.
Unlike other sectors, FinTech is a global marketplace with intense competition, making it critical for companies to maintain a competitive edge through an effective BI approach. The performance of their services and user behavior are monitored by FinTech companies today to increase their competitive advantage and promote innovation and value creation. Modern leaders in the FinTech sector have the ability to take control of unparalleled knowledge and information that drives all areas of business when business intelligence solutions are properly implemented.
Today, you will find that most financial and banking institutions are moving towards financial technology solutions. Adapting to finTech is almost mandatory at the moment, and it is therefore possible to get the best out of it. The key to the success, productivity and profitability of a company is to obtain maximum value from these solutions. And one of the key resources to achieve this is business intelligence, which is currently the most popular and in-demand technology (BI). Despite the fact that business intelligence services have long been a staple of many major industries, finTech has not fully embraced them, presenting a huge opportunity for those eager to get started right now. There is a competitive advantage over those who are still considering how to implement their finTech solution.
In order to offer fintech solutions that use fintech interoperability, fintech companies such as Fuspay technology have already adopted BI solutions. This allows API-driven solutions to be packaged together, resulting in a product that requires little in-house development time and increases immediate payment services.
Finally, Business intelligence (BI) has emerged as one of the most powerful and modern information-based tools to disrupt the way FinTech organizations will leverage massive data produced on a daily basis. But still very few leaders in the FinTech industry are able to create value with the true power of BI tools and solutions. Right now is the perfect time to embrace the possibilities of robust BI solutions as a driver for your FinTech organization’s growth and success with a trusted technology partner.
