We can help you create a Data-Driven Advantage in Financial Services. For both the Insurance and the Banking Industry.
In the era of increasing communication, information and online services, the insurance industry is undergoing a radical transformation. On top of that, results on the financial markets are limited and regulators are demanding greater focus on solvability.
SynerScope helps leading insurance companies transform their business into data-driven organizations with first results within weeks. Thanks to the turnkey solution provided by the SynerScope appliance, the focus can be put on the most important area: performing analytics.
Data collected in Insurance Companies typically consists of records of insured objects and claims. With SynerScope software all kinds of data can be reviewed to generate immediate insight, gain a deeper understanding of clients behaviour and make the right business decisions.
Read the SMA report by Mark Breading on a study about the development of smart cities and what this means for the insurance industry (Breading M, 2017. Smart cities and Insurance. Exploring the Implications. Strategy Meets Action)
For the insurance industry, the new “International Financial Reporting Standard 17” legislation is very relevant. This standard has severe impact on all financial reporting. Though it comes into effect only in 2021, the required preparation affects your complete reporting process and the relevant data sources. Our innovative technology supports you in finding the gap between your current reporting and IFRS17. In addition, we can recommend solutions to bridge this gap.
The banking industry, same as with the insurance industry, is also undergoing a radical transformation. Having lost the trust of their customers, banks are seeing a new generation of Fintech businesses emerge that are looking to disrupt the industry and steal market share. These data savvy businesses are innovating financial services and reinventing the customer experience.
Risk management and Customer Data are the two key areas in the banking industry accumulating massive amounts of data that needs to be analyzed. Banks are working with SynerScope to leverage the value of data and turn challenges into opportunities. It helps them to gain competitive advantage, reduce costs and minimize risk in real-time. While other solutions provide a 360 ‘’ customer view, SynerScope provides a 720 ’’ customer view by adding context and analytics to the regular customer journey.
Data Driven Finance 2018: “Intelligent & Enriched Data: the value it brings” – Article by David de Jong, previously appeared in FM.NL Financial Management, XX month, 2018.
Breading M, 2017. Smart cities and Insurance. Exploring the Implications. Strategy Meets Action
Customer Due Diligence – A Bank in The Netherlands, by SynerScope, October 2018.
SynerScope is an innovator; permanently pushing boundaries in Big Data Information Technology. Creating new visions and next-generation solutions by working with multiple kinds and massive amounts of structured and unstructured data at the same time.
Resulting in easy to use, affordable and highly effective technology. In order to support you when you need data the most, to take important management strategic or daily operational decisions. Or to show you new strategic business opportunities at one glance.
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