Realwired doesn’t mine/sell/contractually-confiscate ANY customer’s data.
Period.
We do, however, enable our YouConnect customers to use their data for reporting and analysis.
Realwired provides a new offering for our YouConnect clients.
Product Offering: Read Only YouConnect Database
Now you can gain direct access to a near real-time (daily) synced clone of your YouConnect production database with either a Postgres or MS SQL server.
Pull in all the YouConnect data you want.
Put it in Tableau, Power BI, whatever your tool.
Use it in various areas of the bank.
Data Warehouse – Data Lakes – Data Ponds
Whatever you call it, banks use data warehousing to store, manage and analyze large volumes of data collected from various sources within the organization.
A data warehouse is a centralized repository that integrates data from multiple disparate systems, such as core banking systems, loan origination systems, CRM and other financial platforms.
The main reasons banks use data warehousing is for improved decision-making.
- Advanced Analytics: Data warehouses support complex queries and analytics, enabling banks to perform detailed financial analysis, risk assessments and predictive modeling.
- Reporting: Banks can generate detailed reports, dashboards and visualizations to help decision-makers understand the current state of the business and make informed decisions.
This offering empowers you to generate custom reports, integrate data into your custom systems and uncover invaluable insights.
3 Benefits of a Read Only Database
1. Eliminates the need for complex and manual export and import procedures
2. Facilitates the extraction of data for insights and reporting
3. Leverages the strengths of your internal IT team
In-depth Analytics
This comprehensive data set allows banks to perform in-depth analytics, manage risks effectively, comply with regulatory requirements and optimize their commercial lending portfolios.
Near real time access to your data (lag less than 1 hour).
Ability to create different database queries to access particular data sets for analysis.
Ability to mass export data for import into your Data Warehouse or internal reporting tool.
The Takeaway
Use your YouConnect data in various areas of the bank.
Real time access to your data.
Put your data to work.
Your data is yours.
