In the current financial services industry, data is everywhere and increasingly siloed. Its rising complexity compromises the ability to generate insights about risk and opportunities. Slow data gathering and analysis results in weak analytical insights, which have a negative impact on revenue growth, cost, risk reduction and ideal customer experience.
Legacy database systems are generally fragile and complex, making business growth expensive. It is very difficult for companies relying on batch data to respond to real-time changes in customer behaviour.
Locstat solves the skills shortage, complexity, long execution times and high costs of implementing solutions for high volume transaction monitoring, KYC, Customer360, Fraud Detection, Recommender Engines, Risk Early Warning and Compliance Monitoring.
Don’t get locked-in to current cloud provider architectures. Locstat provides a cost effective solution that can be implemented in any cloud or private cloud environment.