In today's uncertain financial climate, with banks facing heaving exposure in their commercial, retail and residential development lending coupled with increasingly strict corporate governance mandates, strong information and risk management has become a necessity.  Through the use of location intelligence, regulatory compliance can be made easier, with credit, market and operational risk able to be effectively managed through greater insights into economic and demographic patterns integrated with internal processes and intelligence. By adding a location perspective to the analysis of statistical, operation and monetary data, financial institutions can better understand credit and market risk and identify trends and patterns, facilitating the application of risk management processes and accurately pinpointing areas of exposure.

Through the application of location intelligence, financial institutions have the ability to:

• Improve automation
• Streamline business processes
• Deliver better and more in-depth reporting based on location
• Support new and more extensive analysis
• Increase the accuracy and quality of data
• Reduce time and labour costs for compliance
• Create replicable, validated results that withstand detailed enquiry
• Improve objectivity and self-serve data access

Examples

• Home loan risk vs medium monthly repayments: high risk profile for selected study by Mosaics between 2002 and 2008.

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