Nationwide Commercial Enhances Loan Portfolio Analysis with QlikView
Customer Company Size
Large Corporate
Region
- Europe
Country
- United Kingdom
Product
- QlikView
Tech Stack
- QlikView Business Discovery platform
- Microsoft products
- ProMS property risk management system
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Productivity Improvements
- Cost Savings
Technology Category
- Analytics & Modeling - Real Time Analytics
Applicable Industries
- Finance & Insurance
Use Cases
- Predictive Maintenance
- Real-Time Location System (RTLS)
Services
- Data Science Services
- System Integration
About The Customer
Nationwide Commercial is a division of Nationwide Building Society, with four specialisations-business savings, property finance, project finance, and housing finance. The company has around 800 branches and 15 million members. As other building societies consolidate or convert to public stock holding companies, Nationwide remains committed to staying mutual-owned by its members, not by shareholders-and has only continued to grow in size. Nationwide Commercial has a lending portfolio of around £20 billion (US$31 billion) spread across a range of sectors, including office, residential, industrial, retail, and leisure. The portfolio is comprised of £10.2 billion secured on commercial property, £8.4 billion to registered social landlords, and £1.4 billion advanced under project finance, principally via the UK Government Private Finance Initiative, which supports major public sector infrastructure projects.
The Challenge
Nationwide Commercial, a division of Nationwide Building Society, faced the increasing challenge of analysing millions of rows of “big data” about its loans portfolio. The division wanted a holistic view of key strategic data and metrics from a number of sources, including its ProMS property risk management system. The aim was to maximise investment returns and portfolio performance, while reducing operational risk and improving ease of compliance. By improving the quality and speed with which it can answer queries or produce on-demand reports, Nationwide Commercial can assess the characteristics and relationships of its commercial loan book more effectively.
The Solution
Nationwide Commercial deployed QlikView initially to senior managers to monitor the lending portfolio. The firm also wanted to give senior managers access to QlikView on iPad and other tablet devices in future. A major consideration was for the user team to understand the true business discovery benefits of working with QlikView associative in-memory technology on a self-service basis. In addition, Nationwide Commercial valued the “what if?” analysis feature in QlikView, which simulates how historical or estimated values change given different parameters. Nationwide Commercial found it easy to implement this analysis in a QlikView dashboard, and users have gained impressive results on a self-service basis without having to involve IT technicians.
Operational Impact
Quantitative Benefit
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