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Data model development and BI reporting
NLB Banka, a leading financial institution in the Adriatic Region, needed a solution to manage complex data across various departments and meet both internal decision-making and regulatory reporting requirements. Our team developed flexible data models using IBM Framework Manager, focusing on Credit Risk, NPL, Controlling, and Sales. This was followed by comprehensive report building in IBM Cognos Analytics. The solution improved data accessibility, reporting efficiency, and empowered staff to manage reports independently, leading to better decision-making and operational efficiency.
Services
Data Science
Project Length
24 Months
Client
NLB
Our Planning Process
NLB Banka, manages extensive and complex data across various departments, including Credit Risk and NPL, Controlling, and Sales. The bank faced challenges in efficiently organizing this data and making it readily accessible for both internal decision-making processes and external regulatory reporting requirements. To maintain its competitive edge and ensure compliance with evolving financial regulations, NLB Banka needed a robust data modeling solution and an effective Business Intelligence (BI) reporting system.
What we did for NLB
Our approach involved two main phases to create a comprehensive data management and reporting solution.
Phase 1: Data Model Development
We developed sophisticated data models to serve as a logical layer between NLB Banka's existing data warehouse and end users. These models were designed to be easily utilized for creating various reports across different departments. The process involved:
- Conducting extensive sessions with different sectors in NLB Banka to understand their specific data needs and reporting requirements.
- Creating flexible and scalable data models using IBM Framework Manager, tailored to the bank's unique structure and needs.
- Ensuring the models could efficiently handle data for Credit Risk and NPL, Controlling, and Sales domains, which are crucial for NLB Banka's operations.
- Implementing data governance and quality checks within the models to ensure accuracy and consistency, adhering to both internal standards and national banking regulations.
Phase 2: BI Report Building
With the data models in place, we focused on building comprehensive reports using IBM Cognos Analytics. This phase included:
- Designing and developing a range of reports tailored to both NLB Banka's internal management needs and external regulatory requirements.
- Rigorous testing of reports to ensure accuracy, performance, and compliance with banking standards.
- Collaborating closely with various departments within NLB Banka to refine and validate the reports, ensuring they met the specific needs of each division.
- Organizing and leading internal training sessions on IBM Cognos Analytics to empower NLB Banka staff to create and modify reports independently.
Throughout both phases, we maintained clear documentation of the solutions and conducted knowledge sharing sessions with multiple departments to ensure smooth adoption and utilization of the new systems within NLB Banka's existing infrastructure.
Our approach involved two main phases to create a comprehensive data management and reporting solution.
Phase 1: Data Model Development
We developed sophisticated data models to serve as a logical layer between NLB Banka's existing data warehouse and end users. These models were designed to be easily utilized for creating various reports across different departments. The process involved:
- Conducting extensive sessions with different sectors in NLB Banka to understand their specific data needs and reporting requirements.
- Creating flexible and scalable data models using IBM Framework Manager, tailored to the bank's unique structure and needs.
- Ensuring the models could efficiently handle data for Credit Risk and NPL, Controlling, and Sales domains, which are crucial for NLB Banka's operations.
- Implementing data governance and quality checks within the models to ensure accuracy and consistency, adhering to both internal standards and national banking regulations.
Phase 2: BI Report Building
With the data models in place, we focused on building comprehensive reports using IBM Cognos Analytics. This phase included:
- Designing and developing a range of reports tailored to both NLB Banka's internal management needs and external regulatory requirements.
- Rigorous testing of reports to ensure accuracy, performance, and compliance with banking standards.
- Collaborating closely with various departments within NLB Banka to refine and validate the reports, ensuring they met the specific needs of each division.
- Organizing and leading internal training sessions on IBM Cognos Analytics to empower NLB Banka staff to create and modify reports independently.
Throughout both phases, we maintained clear documentation of the solutions and conducted knowledge sharing sessions with multiple departments to ensure smooth adoption and utilization of the new systems within NLB Banka's existing infrastructure.
Final Results
The implementation of our data modeling and BI reporting solution has yielded positive results for NLB Banka:
- Improved Data Accessibility and Consistency: The new data models have created a unified view of NLB Banka's data, making it easier for different departments to access and analyze information relevant to their needs, enhancing cross-departmental collaboration.
- Enhanced Reporting Capabilities: The BI reports built on IBM Cognos Analytics have streamlined both internal and external reporting processes.
- Increased Efficiency: With the new systems in place, the time required for NLB Banka to generate complex reports has been significantly reduced, allowing staff to focus on analysis rather than data compilation, leading to more strategic decision-making.
- Empowered Workforce: Through comprehensive training and knowledge sharing sessions, NLB Banka employees are now more capable of creating and modifying reports independently, reducing reliance on IT departments and fostering a more data-literate organization.
The data models and reports are now actively used by NLB Banka for both internal management and external regulatory reporting purposes, contributing to more informed decision-making and improved overall operational efficiency.