SwiftKnowledge, LLC, a global provider of web-based business intelligence (BI) software, recently announced it has significantly expanded its SwiftKnowledge for Banking solution and signed two new partners in the financial services industry.

SwiftKnowledge released a new SwiftKnowledge for Banking application – Fiscal Management – to help banks proactively manage and receive threshold-based alerts for balance sheet, income statement, expense and trend variance information. In addition, SwiftKnowledge released more than 35 new, pre-built report templates for its existing SwiftKnowledge for Banking applications, including:

• Stress Testing – Stress Test Commercial Real Estate
• Credit Quality Management – Top 20 Largest Loans and 18-Month Loan Trends
• Cash Management – Average Cash Utilization Trends by Channel/Day of Week and Top 10 Branches Cash Utilization by Day of Week
• Profitability Management – Gross Profit by Customer/Product and Top 10 Waived/Refunded Fees
• Customer Management – Cross-Sell Ratio Corporate Goals and Global Officer View by Organization
• Customer Marketing – Channel Mix Analysis, Customer Retention Trends by Age/Proximity and Market Segmentation Trends
• Teller Management – Teller Cost Comparisons by Time and Teller Key Metrics by Location
• Peer Comparisons – Credit Quality Measures by Location, Loan Charge Offs and Recoveries, and Banks by Size and Location

SwiftKnowledge also signed two new partners focused on the financial services industry: Integrated Bank Technology (IBT) – a company that provides core processing and imaging software applications, as well as a comprehensive, integrated suite of products and payment solutions for financial institutions – and PROFORMANCE, a document management solution provider for the financial services industry.

Via SwiftKnowledge, IBT will provide its customers with reporting and analytic capabilities for data residing both inside and outside of IBT-powered applications.

“Our solutions are designed to enhance a financial institution’s overall customer experience while making the cost of ownership affordable,” said Mike Golebiowski, president of IBT. “We were impressed by SwiftKnowledge’s ease-of-use, intuitive nature and adaptability to dynamic market conditions. In particular, we believe giving our non-technical users the ability to change the presentation of the data or manipulate it on-the-fly is one of the most powerful aspects of the SwiftKnowledge technology. With this type of BI functionality, they are much better equipped to gain a better handle on their costing, manage their institution more effectively, and make better business decisions.”

PROFORMANCE is integrating the recently released SwiftKnowledge Version 9 into its INFO-ACCESS loan automation application to significantly enhance their users’ analytical ability.

“SwiftKnowledge will help us deliver a visually appealing tool, featuring augmented reporting and analytic capabilities, which we expect our users – primarily loan, credit and risk officers – to leverage on a daily basis to access and understand their information,” said Wayne Whaley, president of PROFORMANCE. “With this tool, they will be able to quickly identify the ‘hot topic’ of the day, so they can direct their attention to what matters most at that point in time and drill deeper when needed. We look forward to partnering with SwiftKnowledge to eliminate the pain felt by customers who previously were overwhelmed by endless reports and complex, technical relationships. Additionally, SwiftKnowledge’s 100 percent web-based platform and ease-of-use also will help our customers avoid potential deployment issues as they roll out INFO-ACCESS technology to an expanded group of business users at their companies.”

“To be truly effective, today’s BI solutions must be available to and able to be used by the frontline information workers who make strategic, operational and tactical decisions on a daily basis,” said Daniel Moloney, Ph.D., president for SwiftKnowledge. “This requirement becomes even more critical in banks and other financial services companies. We’re pleased to expand our SwiftKnowledge for Banking offering with our new Fiscal Management application and additional report templates, and look forward to working with PROFORMANCE and IBT to deliver our BI technology to a wider audience of users.”

SwiftKnowledge technology offers breakthrough usability and robust analytic capabilities via an integrated, single-product code base; patented performance and a data packet engine that accelerate queries and promote self-service BI; and patented, cell-based security that provides true data and feature/functionality granularity without sacrificing control or performance.

With SwiftKnowledge, technical report writers or business analysts as well as non-technical, frontline users can securely access unified information that may be located across multiple repositories and data systems. They then can easily configure custom analytical views, threshold-driven alerts and visually appealing executive dashboards that simplify their unique reporting and analysis needs – all with minimal IT or developer assistance.

In addition, users can easily share configurable views and analyses they create with other employees, without needing additional downloads or software licenses. They also can utilize SwiftKnowledge’s advanced predictive modeling and data mining capabilities to develop advanced BI applications, such as a product recommendation engine based upon customer profiles or a model for understanding the impact of different market variables on financial outcomes.