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For big data, Cosmos Bank uses SAS Visual Analytics

For big data, Cosmos Bank uses SAS Visual Analytics

Ratings: (0)|Views: 1,508 |Likes:
Published by AllAnalytics
Cosmos Bank, the dominant player in
Taiwan’s cash-card market, uses SAS
Visual Analytics to dive into its big data
for up-to-the-minute customer intelligence
and risk management. As a result,
board members and risk managers can
make the most informed decisions at the
right time to help the bank maintain an
edge over the competition.
Cosmos is the largest issuer of cash
cards in Taiwan – 560,000 in all – and it
controls 57 percent of the market for
cash loans. With such high volumes of
customer and transactional data
accumulating by the minute, Cosmos
turned to SAS for a high-performance
solution with real-time discovery
capabilities.
With SAS Visual Analytics, the risk
management team no longer needs to
rush out management reports for board
meetings. Instead, bank executives have
instant access, via PC or tablet, to the
latest insights based on the latest data,
which enables them to make smart
decisions swiftly and confidently.
Now, Cosmos can analyze data
instantly. Less time spent processing
the data means more time for making
good use of it. Along with higher-quality
decision support, bank executives gain
real-time insights for risk control,
business development
Cosmos Bank, the dominant player in
Taiwan’s cash-card market, uses SAS
Visual Analytics to dive into its big data
for up-to-the-minute customer intelligence
and risk management. As a result,
board members and risk managers can
make the most informed decisions at the
right time to help the bank maintain an
edge over the competition.
Cosmos is the largest issuer of cash
cards in Taiwan – 560,000 in all – and it
controls 57 percent of the market for
cash loans. With such high volumes of
customer and transactional data
accumulating by the minute, Cosmos
turned to SAS for a high-performance
solution with real-time discovery
capabilities.
With SAS Visual Analytics, the risk
management team no longer needs to
rush out management reports for board
meetings. Instead, bank executives have
instant access, via PC or tablet, to the
latest insights based on the latest data,
which enables them to make smart
decisions swiftly and confidently.
Now, Cosmos can analyze data
instantly. Less time spent processing
the data means more time for making
good use of it. Along with higher-quality
decision support, bank executives gain
real-time insights for risk control,
business development

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Categories:Business/Law
Published by: AllAnalytics on Apr 08, 2013
Copyright:Attribution Non-commercial

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04/08/2013

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CUSTOMER STORY 
Cosmos Bank, the dominant player in Taiwan’s cash-card market, uses SAS Visual Analytics to dive into its big dataor up-to-the-minute customer intelli-gence and risk management. As a result,board members and risk managers canmake the most inormed decisions at theright time to help the bank maintain anedge over the competition.Cosmos is the largest issuer o cashcards in Taiwan – 560,000 in all – and itcontrols 57 percent o the market orcash loans. With such high volumes o customer and transactional dataaccumulating by the minute, Cosmosturned to SAS or a high-perormancesolution with real-time discoverycapabilities.With SAS Visual Analytics, the risk management team no longer needs torush out management reports or boardmeetings. Instead, bank executives haveinstant access, via PC or tablet, to thelatest insights based on the latest data,which enables them to make smartdecisions switly and confdently.Now, Cosmos can analyze datainstantly. Less time spent processingthe data means more time or makinggood use o it. Along with higher-qualitydecision support, bank executives gainreal-time insights or risk control,business development and fnancialmanagement.
Available and affordable
Cosmos started using SAS in 2006 orinormation management, data integra-tion and analytics. By integratingcorporate and consumer data, Cosmosgains advanced decision support or risk management and product marketing.Building on that oundation, SAS Visual Analytics provides a big data solutionwith instant access to large stores o inormation and data analysis that isast, smart and mobile – or as JamesLin, Executive Vice President and Chie Risk Ofcer, puts it: “technologicallyavailable and cost-aordable.”Cosmos Bank’s board members hadreceived static reports in PowerPoint.When the board required more details,risk managers could not always respondinstantly due to technology andresource constraints, which sometimesresulted in missed opportunities.
Shared visualizations
With SAS Visual Analytics, boardmembers and risk managers can runtheir own analyses and discoverywithout requiring extensive IT support. They can generate and share their ownreports, dashboards and visualizationssimply by clicking or drilling into items o interest.For example, senior management canbreak down cash-card issuance bybranches, sales representative andother ways. And the bank gains custom-er insights that help it oer the rightproducts at the right time, reeinganalysts to spend more time under-standing the business than creatingreports.
For big data, Cosmos Bank usesSAS
®
Visual Analytics
 
Industry
Banking
Business Issue
Get the most from big data tomake the most informed decisionsat the right time.
Solution
SAS
®
Visual Analytics
Benefits
Executive management hasaccess to up-to-the-minute risk intelligence and customer intel-ligence for decisions that keep thebank ahead of its competitors.

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