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Importance of retail financial analysis

Importance of retail financial analysis

Importance of retail financial analysis

We have almost left behind a year of steadily increasing prices for food, petrol, record-high electricity prices and a series of interest rate increases. As a result, many households have difficulties in servicing debt and other expenses overnight' and are experiencing an uncertain future. This is precisely where financial analysis and advisory services come into play.

We have almost left behind a year of steadily increasing prices for food, petrol, record-high electricity prices and a series of interest rate increases. As a result, many households have difficulties in servicing debt and other expenses overnight' and are experiencing an uncertain future. This is precisely where financial analysis and advisory services come into play.

We have almost left behind a year of steadily increasing prices for food, petrol, record-high electricity prices and a series of interest rate increases. As a result, many households have difficulties in servicing debt and other expenses overnight' and are experiencing an uncertain future. This is precisely where financial analysis and advisory services come into play.

Top down view of people around a wooden table with charts, laptops, coffee cups, and folders.
Top down view of people around a wooden table with charts, laptops, coffee cups, and folders.
Top down view of people around a wooden table with charts, laptops, coffee cups, and folders.

The banking and finance industry  has excellent opportunities to promote qualified financial analysis and advisory services as part of your value proposition. Many individuals currently require assistance in achieving their goals, making wise decisions regarding loan serviceability, or selecting the right type of savings, investment, pension plan, or insurance product.

360-degree financial analysis and advisory solutions from Stacc

Did you know that Stacc has the market's largest and most experienced professional community in developing solutions for financial analysis and advisory?

The retail financial analysis solution is already in use by most Norwegian banks.

The advisory suite for the retail market is a industry-leading solution that handles financial analysis for individuals, households, and co-signers. The solution is designed to help customers calculate loan serviceability and to offer financial advisory in different stages of life, whether it's starting education, first time home purchase, cohabitation or marriage, family expansion, divorce, or when one of the spouses retires, becomes unemployed, disabled, or passes away.

The solution focuses on automating and streamlining the advisory process across all channels and  combines import of the bank's own customer data with lookups against a number of third-party data sources. The information is collected, analyzed, and presented in a 360-degree customer view as a basis for financial advisory.

More than 30 years of experience are built into the solution and over 30 experts contribute daily to ensure that the solution handles automatic retrieval of  data from a wide range of public registers and industry-leading data sources, performs a 360-degree financial analysis, calculates and compiles data, and manages compliance requirements such as MiFID, KYC, and AML. In addition, they ensure that the solution meets current architectural requirements and can be delivered as a complete cloud-based SaaS, as a standalone component, or in the form of microservices.

Stacc retail financial analysis helps reduce time, cost, and risk, as well as improve the quality of the complete credit process, increase customer satisfaction and free up valuable time for advisors that can be used for other income-generating activities. All data and documentation is stored at the case and will be valuable for future audits or new analyses.

 

Tone Grotmoll

11 January 2021

11/01/2021