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Driving Product Profitability Through Business Intelligence for India’s Leading Bank

Driving Product Profitability Through Business Intelligence for India’s Leading Bank

About Client
Leading bank in India
Industry
Banking
Service
Data analytics

Business Need

Driving product profitability with business intelligence.

Business Challenge

Our client struggled to create product differentiation in the highly competitive market, which slowed down its customer acquisition and saw a spike in inactive users. Additionally, cross-sell and up-sell strategies did not yield an attractive ROI. A deep-dive view of consumer insight was missing.

Business Solution

With its deep experience in the banking domain, NuSummit’s experts crafted an analytics solution with customer profiling and account segregation based on behavioral patterns as the building blocks. A Data Lake from disparate multiple banking systems was created, serving as the centralized repository to store all the structured and unstructured data. This helped create a visualization dashboard that gave a unified view of customer profiles and their key behavioral patterns and enabled the creation of data-driven cross-selling and up-selling strategies. We integrated our solution with the CRM to automate responses and streamline the entire customer journey experience. 

Tech Stack

Backend Development:

  • Node.js

Frontend Development:

  • Angular

Data Processing and Analytics:

  • Python

Data Visualization:

  • Data-Driven Documents

Database Management System:

  • PostgreSQL

Business Impact

  • Increased product profit.
  • Improved customer engagement through focused campaigns.
  • Reduction in operational-costs.
  • Unified customer view for performance monitoring.
  • Clear visibility of cross-selling and up-selling.

Disclaimer: This content was created by NSEIT experts. NSEIT’s technology business is now NuSummit.

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