Qlik Case Studies Piraeus Bank Group Uses QlikView to Monitor Liquidity in Near Real Time

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	Piraeus Bank Group Uses QlikView to Monitor Liquidity in Near Real Time Qlik

Piraeus Bank Group Uses QlikView to Monitor Liquidity in Near Real Time

Qlik

Technology Category	Analytics & Modeling - Real Time Analytics
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation Sales & Marketing
Use Cases	Real-Time Location System (RTLS) Predictive Quality Analytics
Services	Data Science Services
Challenge	Piraeus Bank Group, the fourth-largest Greek lender, was facing challenges in accessing 'big data' for marketing campaigns, monitoring liquidity in near real time, and reorganizing its branch network based on better insight. The bank had invested in a new data warehouse based on IBM Banking Data Warehouse to improve organizational effectiveness and profitability. However, they needed a solution that was easy to use across the organization and could handle the exploration of terabytes of big data with one application. The bank also wanted to transform itself by closing the skills gap between IT experts and business users through self-service analysis. Read More
About Customer	Piraeus Bank Group is a financial institution founded in 1916 in Greece. The bank provides a range of financial services, including retail banking, capital markets, and investment banking. It operates in Greece and neighboring countries including Bulgaria, Cyprus, and Romania. With total assets of €77 billion (US$102 billion) and 5 million customers, Piraeus Bank Group has recently acquired two smaller banks in Greece—ATEbank and Geniki Bank. The bank operates 1,328 branches and has 18,000 employees. Read More
Solution	Piraeus Bank Group deployed the QlikView business discovery platform to 670 users for customer targeting, liquidity monitoring, and overview of key performance indicators. The QlikView users at Piraeus Bank Group now include the chief finance officer, chief executive officers, treasury managers, and individual product managers. The self-service functionality of QlikView has enabled business users to no longer depend on the IT department to generate BI analysis. The ability of QlikView to function as an extract, transform, and load (ETL) tool for data was critical in giving senior managers an overview of liquidity in near real time. The application integrates data from the main operational system, so no data warehouse is involved. QlikView combines intraday data with historical views, including product details and transactional data. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Real Time Analytics

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Sales & Marketing

Use Cases

Real-Time Location System (RTLS)

Predictive Quality Analytics

Services

Data Science Services

Challenge

Piraeus Bank Group, the fourth-largest Greek lender, was facing challenges in accessing 'big data' for marketing campaigns, monitoring liquidity in near real time, and reorganizing its branch network based on better insight. The bank had invested in a new data warehouse based on IBM Banking Data Warehouse to improve organizational effectiveness and profitability. However, they needed a solution that was easy to use across the organization and could handle the exploration of terabytes of big data with one application. The bank also wanted to transform itself by closing the skills gap between IT experts and business users through self-service analysis.

About Customer

Piraeus Bank Group is a financial institution founded in 1916 in Greece. The bank provides a range of financial services, including retail banking, capital markets, and investment banking. It operates in Greece and neighboring countries including Bulgaria, Cyprus, and Romania. With total assets of €77 billion (US$102 billion) and 5 million customers, Piraeus Bank Group has recently acquired two smaller banks in Greece—ATEbank and Geniki Bank. The bank operates 1,328 branches and has 18,000 employees.

Solution

Piraeus Bank Group deployed the QlikView business discovery platform to 670 users for customer targeting, liquidity monitoring, and overview of key performance indicators. The QlikView users at Piraeus Bank Group now include the chief finance officer, chief executive officers, treasury managers, and individual product managers. The self-service functionality of QlikView has enabled business users to no longer depend on the IT department to generate BI analysis. The ability of QlikView to function as an extract, transform, and load (ETL) tool for data was critical in giving senior managers an overview of liquidity in near real time. The application integrates data from the main operational system, so no data warehouse is involved. QlikView combines intraday data with historical views, including product details and transactional data.

Impact #1	Improved monitoring of key performance indicators
Impact #2	Gave users an integrated view of customer data
Impact #3	Enhanced organizational effectiveness

Impact #1

Improved monitoring of key performance indicators

Impact #2

Gave users an integrated view of customer data

Impact #3

Enhanced organizational effectiveness

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Overview

Piraeus Bank Group Uses QlikView to Monitor Liquidity in Near Real Time

Operational Impact