Ramco Selects HP Neoview for Core Banking Analytics Solutions

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Joint solution to help customers accelerate growth through improved business insights...

Ramco Systems (Ramco) announced that it has selected HP Neoview as the preferred partner to deliver Core Banking Analytics Solutions for customers in India. Ramco will work with HP to jointly market and deliver the Core Banking Analytics Solution on HP Neoview enterprise data warehousing platform to help customers accelerate growth through improved business insights.

The recent global financial crisis indicates that more than ever banks need an enterprise-wide integrated insight for reviewing risk return profile in each area of banking business in order to achieve higher efficiency and profitability, and to multiply customer acquisitions. This calls for significant investments in projects and time which involve high end consulting of business analysts, data modelers&data analysts and data warehouse experts.

The joint solution will provide a real time, performance management application exclusively designed for bankers to Measure, Monitor and Manage their busin

ess goals, risks and growth. Ramcos Core Banking Analytics pre-packaged and delivered along with HPs Neoview enterprise data warehouse platform, substitutes the cost of banks undertaking such projects, and considerably reducing time and effort needed to integrate and analyze voluminous data. This will give banks a competitive advantage by making the right decisions and knowing the market dynamics with world-class analytics.

Commenting on the occasion Kamesh Ramamoorthy, COO, Ramco Systems said, Ramco has been focusing on its Business Intelligence product portfolio for a while as these solutions serve greater purpose in these demanding times. For todays organization the need is to capture business intelligence and enterprise-wide integrated insights to see the big picture, understand the numerous undercurrents and trends, more so in the Banking sector, as they deal with public fund. The Core Banking Analytics Solution from Ramco on an HP Neoview enterprise data warehousing pl

atform will provide the much needed scope for the banks to improve on its business intelligence quest, understand risk and return profile of each area of business and decide tactical and strategic stances to be pursued for higher efficiency and profitability. The best part is that it can be integrated with any Core Banking Solution.

"In today's competitive environment, banks in India must be able to access detailed levels of information in real-time and respond quickly.  With HP and Ramco's integrated data warehousing platform, organizations can enable every decision maker in the organization make better decision faster on current and consistent view of business data," said James Horton, Director Business Development,  HP Business Intelligence Solutions, HP Asia Pacific & Japan.  "Together, HP and Ramco are helping financial institutions gain in-depth insight into their operations and ultimately better serve their customers.